Selling, general and administrative expenses

$ 2,564.5

$ 2,693.7

Cost of sales

1,117.0

1,152.3

Gross profit

1,447.5

1,541.4

1,460.5

1,468.1

Acquisition and integration costs

13.9

52.9

Restructuring charges and other, net

20.2

33.4

Loss on disposal of minority investment

18.0

10.8

20.1

0.0

Operating loss

(85.2)

(23.8)

Other expenses:

Interest expense

176.6

149.8

Amortization of debt issuance costs

13.0

9.1

Foreign currency losses (gains), net

15.8

(18.5)

Miscellaneous, net

1.3

(0.7)

Other expenses

206.7

139.7

Loss from continuing operations before income taxes

(291.9)

(163.5)

Provision for income taxes

2.2

21.8

Loss from continuing operations, net of taxes

(294.1)

(185.3)

(Loss) income from discontinued operations, net of taxes

(0.1)

2.1

Net loss

(294.2)

(183.2)

Other comprehensive (loss) income:

Foreign currency translation adjustments, net of tax

^[2]

(9.4)

9.0

Amortization of pension related costs, net of tax

^[3],[4]

8.4

8.1

Pension re-measurement, net of tax

^[5]

(5.5)

1.8

Pension curtailment gain, net of tax

^[6]

0.0

2.1

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

^[7]

0.7

2.3

Other comprehensive (loss) income, net

^[8]

(5.8)

23.3

Total comprehensive loss

$ (300.0)

$ (159.9)

Basic (loss) earnings per common share:

$ (5.57)

$ (3.52)

0.00

0.04

Diluted (loss) earnings per common share:

(5.57)

(3.48)

(5.57)

(3.52)

0.00

0.04

Weighted average number of common shares outstanding:

$ (5.57)

$ (3.48)

Basic (in shares)

52,797,686

52,597,582

Diluted (in shares)

52,797,686

52,597,582

[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 $0.1 million and $0.4 million for the years ended December 31, 2018 and 2017, respectively.
[3]	Net of tax expense of $1.0 million and $1.6 million for the years ended December 31, 2018 and 2017, respectively.
[4]	This amount is included in the computation of net periodic benefit costs (income). See Note 13, "Pension and Post-Retirement Benefits," for additional information regarding net periodic benefit costs (income).
[5]	Net of tax benefit of $2.5 million and $0.3 million for the years ended December 31, 2018 and 2017, respectively.
[6]	Net of tax expense of $0.3 million for the year ended December 31, 2017.
[7]	Net of tax benefit of $0.5 million and $1.4 million for the years ended December 31, 2018 and 2017, respectively.
[8]	See Note 16, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during 2018 and 2017.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Statement [Abstract]
Foreign currency translation adjustments, tax expense (benefit)	$ (0.1)	$ (0.4)
Amortization of pension related costs, tax benefit (expense)	(1.0)	(1.6)
Pension re-measurement, tax expense (benefit)	(2.5)	(0.3)
Pension curtailment, tax benefit (expense)		(0.3)
Reclassification into earnings of accumulated losses from the de-designated 2013 Interest Rate Swap, tax expense (benefit)	$ 0.5	$ 1.4

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

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

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

$ (770.4)

$ (614.8)

Stock-based compensation amortization

^[1]

(3.6)

(2.5)

17.2

6.8

Net (loss) income

(294.2)

(183.2)

^[2]

Other comprehensive income (loss), net

^[3]

(5.8)

23.3

^[2]

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

(1,056.8)

(770.4)

Common Stock

0.5

Additional Paid-In Capital

0.5

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

1,040.0

1,033.2

Stock-based compensation amortization

^[1]

6.6

17.2

6.8

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

1,063.8

1,040.0

Treasury Stock

(21.7)

(19.2)

^[1]

(10.2)

(2.5)

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

(31.9)

(21.7)

Accumulated Deficit

(1,560.8)

(1,377.6)

Net (loss) income

(294.2)

(183.2)

Accumulated Other Comprehensive Loss

(1,855.0)

(1,560.8)

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

Other comprehensive income (loss), net

(228.4)

(251.7)

^[3]

(5.8)

23.3

$ (234.2)

$ (228.4)

[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 and 89,620 shares of Revlon Class A Common Stock during 2018 and 2017 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 and $27.67 during 2018 and 2017, 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 and $2.5 million, in 2018 and 2017, respectively. In addition, during 2018, the Company transferred to treasury stock 251,495 unvested restricted shares forfeited upon the departure of certain executives. These shares were recorded as treasury stock using the cost method, at a weighted average price of $26.26 per share, based on the grant date fair values of the forfeited shares, for a total of $6.6 million. See Note 14, "Stock Compensation Plan," for details regarding restricted stock awards under the Stock Plan.
[2]	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.
[3]	See Note 16, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during 2018 and 2017.

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

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

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

89,620

$ 3.6

$ 2.5

^[1]

$ 3.6

$ 2.5

Treasury Stock

167,297

89,620

Treasury stock acquired

251,495

Treasury Stock | Class A Common Stock

^[1]

$ 10.2

$ 2.5

$ 27.67

Restricted Stock

167,297

89,620

$ 26.26

Restricted Stock | Treasury Stock | Class A Common Stock

$ 6.6

CASH FLOWS FROM OPERATING ACTIVITIES:

$ 21.42

$ 27.67

[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 and 89,620 shares of Revlon Class A Common Stock during 2018 and 2017 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 and $27.67 during 2018 and 2017, 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 and $2.5 million, in 2018 and 2017, respectively. In addition, during 2018, the Company transferred to treasury stock 251,495 unvested restricted shares forfeited upon the departure of certain executives. These shares were recorded as treasury stock using the cost method, at a weighted average price of $26.26 per share, based on the grant date fair values of the forfeited shares, for a total of $6.6 million. See Note 14, "Stock Compensation Plan," for details regarding restricted stock awards under the Stock Plan.

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

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Net loss

$ (294.2)

$ (183.2)

^[1]

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

Depreciation and amortization

177.2

155.8

Foreign currency losses (gains) from re-measurement

15.8

(22.5)

Amortization of debt discount

1.4

1.2

Stock-based compensation amortization

17.2

6.8

Provision for deferred income taxes

18.0

10.8

^[1]

1.7

22.6

Amortization of debt issuance costs

13.0

9.1

^[1]

Non-cash loss on disposal of minority investment

18.6

0.0

Loss on sale of certain assets

0.8

1.6

Pension and other post-retirement cost

2.6

1.5

Change in assets and liabilities:

Increase in trade receivables

(0.3)

(9.9)

Increase in inventories

(36.4)

(63.0)

Increase in prepaid expenses and other current assets

(42.8)

(21.2)

Increase in accounts payable

1.6

26.8

Increase in accrued expenses and other current liabilities

23.9

12.3

Pension and other post-retirement plan contributions

(8.8)

(8.5)

Purchases of permanent displays

(80.7)

(65.5)

Other, net

0.6

(14.0)

Net cash used in operating activities

(170.8)

(139.3)

CASH FLOWS FROM INVESTING ACTIVITIES:

Capital expenditures

(57.2)

(108.3)

Net cash used in investing activities

(57.2)

(108.3)

CASH FLOWS FROM FINANCING ACTIVITIES:

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

(1.1)

3.3

Net borrowings under the 2016 Revolving Credit Facility

178.0

157.0

Net borrowings under the 2018 Foreign Asset-Based Term Loan

88.9

0.0

Repayments under the 2016 Term Loan Facility

(18.0)

Payment of financing costs

(9.7)

(1.2)

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

(3.6)

(2.5)

Other financing activities

(1.4)

(1.7)

Net cash provided by financing activities

233.1

136.9

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

(5.0)

11.3

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

0.1

(99.4)

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]

87.5

87.4

Cash paid during the period for:

Interest

163.7

149.1

Income taxes, net of refunds

$ 16.0

$ 0.4

[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 $0.2 million and $0.3 million as of December 31, 2018 and 2017, 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

12 Months Ended

Dec. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

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

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. This structure is built around four global brand teams: Revlon; Elizabeth Arden; Portfolio; and Fragrances, which represent the Company's four reporting segments. 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 and specialty cosmetic stores in the U.S. and internationally. The Company's principal customers for its products in the Elizabeth Arden segment include prestige retailers, the mass retail channel, perfumeries, boutiques, department and specialty stores, e-commerce sites and travel retailers and distributors, as well as direct sales to consumers via Elizabeth Arden branded retail stores and e-commerce websites. Elizabeth Arden products are also sold through the Elizabeth Arden Red Door Spa beauty salons and spas. In 2018, the Company launched direct-to-consumer on-line selling capabilities through its elizabetharden.com, americancrew.com and juicycouturebeauty.com websites. 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. The Fragrance segment 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. 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 18, "Segment Data and Related Information."

Unless the context otherwise requires, all references to the Company mean Revlon and its subsidiaries. Revlon as a public holding company, has no business operations of its own and owns, as its only material asset, all of the outstanding capital stock of Products Corporation. As such, its net income/(loss) has historically consisted predominantly of the net income/(loss) of Products Corporation, and in 2018 and 2017 included $6.3 million and $6.6 million, respectively, in expenses incidental to being a public holding company.

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

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

Discontinued Operations Presentation

As a result of the Company's decision on December 30, 2013 to exit its direct manufacturing, warehousing and sales business operations in mainland China within the Revlon segment effective December 31, 2013, the Company reports the results of its former China operations within income (loss) from discontinued operations, net of taxes in the Company's Consolidated Statements of Operations and Comprehensive (Loss) Income. See Note 3, "Discontinued Operations," for further discussion.

Cash, Cash Equivalents and Restricted Cash

Cash and cash equivalents include cash in banks and highly liquid investments with original maturity dates of three months or less. Accounts payable include $23.4 million and $21.8 million of outstanding checks not yet presented for payment at December 31, 2018 and 2017, respectively. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the statements of financial position that sum to the total of the same such amounts shown in the statements of cash flows:



	December 31,
	2018		2017
Cash and cash equivalents	$	87.3	$	87.1
Restricted cash^(a)	0.2		0.3
Total cash, cash equivalents and restricted cash	$	87.5	$	87.4

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

Trade Receivables

Trade receivables represent payments due to the Company for previously recognized net sales, reduced by an allowance for doubtful accounts for balances which are estimated to be uncollectible at period end. The Company grants credit terms in the normal course of business to its customers. Trade credit is extended based upon periodically updated evaluations of each customer's ability to perform its payment obligations. The Company does not normally require collateral or other security to support credit sales. The allowance for doubtful accounts is determined based on historical experience and ongoing evaluations of the Company's receivables and assessments of the risks of payment. The allowance for doubtful accounts is recorded against trade receivable balances when they are deemed uncollectible. Recoveries of trade receivables previously reserved are recorded in the consolidated statements of operations and comprehensive (loss) income when received. At December 31, 2018 and 2017, the Company's three largest customers accounted for an aggregate of approximately 30% and 31%, respectively, of the Company's outstanding trade receivables.

Inventories

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

Property, Plant and Equipment and Other Assets

Property, plant and equipment is recorded at cost and is depreciated on a straight-line basis over the estimated useful lives of such assets as follows: land improvements, 20 to 30 years; buildings and improvements, 5 to 50 years; machinery and equipment, 3 to 15 years; counters and trade fixtures, 3 to 5 years; office furniture and fixtures, 3 to 15 years; and capitalized software, 2 to 10 years. Leasehold improvements and building improvements are amortized over their estimated useful lives or over the terms of the leases or remaining life of the original structure, whichever is shorter. Repairs and maintenance are charged to the statement of operations as incurred, and expenditures for additions and improvements are capitalized. Counters and trade fixtures are amortized over their estimated useful life of the in-store counter and display related assets. The estimated useful life may be subject to change based upon declines in net sales and/or changes in merchandising programs. See Note 6, "Property, Plant and Equipment," for further discussion.

Included in other assets are permanent wall displays amounting to $110.6 million and $84.8 million as of December 31, 2018 and 2017, respectively, which are amortized generally over a period of 1 to 3 years. In the event of product discontinuances, from time-to-time, the Company may accelerate the amortization of related permanent wall displays based on the estimated remaining useful life of the asset. Amortization expense for permanent wall displays was $50.7 million and $55.4 million for 2018 and 2017, respectively.

Long-lived assets, such as property, plant and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable. If events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable, the Company estimates the undiscounted future cash flows (excluding interest) resulting from the use of the asset and its ultimate disposition. If the sum of the undiscounted cash flows (excluding interest) is less than the carrying value, the Company recognizes an impairment loss, measured as the amount by which the carrying value exceeds the fair value of the asset. There were no significant impairment charges to long-lived assets during the years ended December 31, 2018 and 2017.

The Company capitalizes deferred financing costs related to the issuance of revolving lines of credit and amortizes such costs over the terms of the related debt instruments using the effective-interest method. Capitalized deferred financing costs were $4.0 million and $5 million during 2018 and 2017, respectively.

Goodwill

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

For 2018, in assessing whether goodwill was impaired in connection with its annual impairment testing performed during the fourth quarter of 2018 using October 1st, 2018 carrying values, the Company performed qualitative assessments to determine whether it would be necessary to perform the two-step process, as prescribed by Financial Accounting Standards Board ("FASB"), Accounting Standard Codification ("ASC") 350, Intangibles - Goodwill and Other ("ASC 350"), to assess the Company's indefinite-lived intangible assets for indicators of impairment.

In performing the qualitative assessments, the Company considered the results of the step one test performed in conjunction with the change in Company's reporting segments and the related reassignment of goodwill to the new reporting units that were identified as part of the Company's analysis in the first quarter of 2018, as well as the financial performance of these five reporting units: (i) Revlon; (ii) Elizabeth Arden Skin and Color; (iii) Elizabeth Arden Fragrances; (iv) Professional Portfolio; and (v) Fragrances. Based upon such assessment, the Company determined that it was more likely than not that the fair values of each of these reporting units exceeded their respective carrying amounts for 2018.

For 2018, the Company used the simplified approach allowed under ASU No. 2017-04, "Simplifying the Test for Goodwill Impairment," to test its Mass Portfolio reporting unit for impairment. Accordingly, the Company first performed a qualitative assessment indicating that indicators of impairment existed for the Mass Portfolio reporting unit within the Portfolio segment. Following the results of such assessment and the adoption of ASU No. 2017-04 as of October 1, 2018, the Company recognized an $18.0 million non-cash goodwill impairment charge related to the Mass Portfolio reporting unit within the Portfolio segment in the fourth quarter of 2018. Following the recognition of this non-cash goodwill impairment charge, the Mass Portfolio reporting unit had $54.3 million in remaining goodwill as of December 31, 2018.

For 2017, the Company determined that it would utilize the two-step process to test the Global Color Brands ("GCB") reporting unit for impairment. The first step of this test indicated that impairment indicators existed for the GCB reporting unit due to continued net sales declines for both of the reporting unit's brands, namely SinfulColors and Pure Ice, and lower promotional activity for the Pure Ice brand. As a result, the Company performed step two of the test and recognized a $10.8 million non-cash goodwill impairment charge related to the GCB reporting unit in the fourth quarter of 2017. For 2017, no impairment was recognized related to the carrying value of the GCB reporting unit's finite or indefinite-lived intangible assets.

See Note 7, "Goodwill and Intangible Assets, Net," for further information on the Company's goodwill and annual impairment testing.

Intangible Assets, net

Intangible Assets, net, include trade names and trademarks, customer relationships, patents and internally developed intellectual property ("IP") and acquired licenses. Indefinite-lived intangible assets, consisting of certain trade names, are not amortized, but rather are tested for impairment annually during the fourth quarter using October 1^st carrying values, similar to goodwill, and the Company recognizes an impairment if the carrying amount of its intangible assets exceeds its fair value. Intangible assets with finite useful lives are amortized over their respective estimated useful lives to their estimated residual values. The Company writes off the gross carrying amount and accumulated amortization for intangible assets in the year in which the asset becomes fully amortized.

Finite-lived intangible assets are considered for impairment under ASC 360-10, Impairment and Disposal of Long-Lived Assets ("ASC 360"), upon the occurrence of certain "triggering events" and the Company recognizes an impairment if the carrying amount of the long-lived asset group exceeds the Company's estimate of the asset group's undiscounted future cash flows. For the year ended December 31, 2018 and 2017, no impairment was recognized related to the carrying value of any of the Company's finite or indefinite-lived intangible assets as a result of the annual impairment testing. See Note 7, "Goodwill and Intangible Assets, Net," for further discussion of the Company's intangible assets, including a summary of finite-lived and indefinite-lived intangible assets.

Revenue Recognition and Sales Returns

On January 1, 2018 the Company adopted Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers," using the modified retrospective method. Results for the reporting period beginning after January 1, 2018 are presented under this new guidance, while prior period amounts continue to be reported in accordance with the Company's historical 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 this guidance are consistent with the Company's revenue recognition policy under previous guidance.

In accordance with the new guidance, the Company's policy is to recognize 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 programs 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 perceived 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. 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.

While 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 expanded its financial statement disclosures as required by this new standard. See Note 18, "Segment Data and Related Information," for additional disclosures provided as a result of this ASU.

Cost of Sales

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

Selling, General and Administrative Expenses

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

Advertising

Advertising within SG&A expenses includes television, print, digital marketing and other advertising production costs that are expensed the first time the advertising takes place. The costs of promotional displays are expensed in the period in which they are shipped to customers. Advertising expenses were $507.0 million and $550.0 million for 2018 and 2017, respectively, and were included in SG&A expenses in the Company's consolidated statements of operations and comprehensive (loss) income. The Company also has various arrangements with customers pursuant to its trade terms to reimburse them for a portion of their advertising costs, which provide advertising benefits to the Company. Additionally, from time-to-time, the Company may pay fees to customers in order to expand or maintain shelf space for its products. The costs that the Company incurs for "cooperative" advertising programs, end cap placement, shelf placement costs, slotting fees and marketing development funds, if any, are expensed as incurred and are recorded as a reduction within net sales.

Distribution Costs

Costs associated with product distribution, such as freight and handling costs, are recorded within SG&A expenses when incurred. Distribution costs were $144.6 million and $131.1 million for 2018 and 2017, respectively.

Income Taxes

Income taxes are calculated using the asset and liability method. Under this method, the Company recognizes deferred tax assets and liabilities for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases, as well as for operating loss and tax credit carryforwards. The Company measures deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The Company recognizes the effect of a change in income tax rates on deferred tax assets and liabilities in income in the period that includes the enactment date. The Company records valuation allowances to reduce deferred tax assets when management determines that it was more likely than not that a tax benefit will not be realized. The Company recognizes a tax position in its financial statements when management determines that it was more likely than not that the position will be sustained upon examination, based on the merits of such position. The Company recognizes liabilities for unrecognized tax positions in the U.S. and other tax jurisdictions based on an estimate of whether and the extent to which additional taxes will be due. If payment of these amounts is ultimately not required, the reversal of the liabilities would result in additional tax benefits recognized in the period in which the Company determines that the liabilities are no longer required. If the estimate of tax liabilities is ultimately less than the final assessment, this will result in a further charge to expense. The Company recognizes interest and penalties related to income tax matters in income tax expense. See Note 15, "Income Taxes," to the Consolidated Financial Statements in this 2018 Form 10-K for discussion of the Tax Act (as hereinafter defined).

Research and Development

Research and development expenditures are expensed as incurred and included within SG&A expenses. The amounts charged in 2018 and 2017 for research and development expenditures were $42.4 million and $35.7 million, respectively.

Foreign Currency Translation

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

Basic and Diluted Earnings per Common Share and Classes of Stock

Shares used in basic earnings per share are computed using the weighted-average number of common shares outstanding during each period. Shares used in diluted earnings per share include the dilutive effect of unvested restricted shares and restricted stock units ("RSUs") issued under the Stock Plan using the treasury stock method. (See Note 19, "Basic and Diluted Earnings (Loss) Per Common Share").

Stock-Based Compensation

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

Derivative Financial Instruments

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

Foreign Currency Forward Exchange Contracts

Products Corporation may, from time-to-time, enter into FX Contracts primarily to hedge the anticipated net cash flows resulting from inventory purchases and intercompany payments denominated in currencies other than the local currencies of the Company’s foreign and domestic operations and generally have maturities of less than one year. The Company does not apply hedge accounting to its FX Contracts. The Company records FX Contracts in its consolidated balance sheet at fair value and immediately recognizes changes in fair value in earnings. Fair value of the Company’s FX Contracts is determined by using observable market transactions of spot and forward rates. At December 31, 2018, the Company had no outstanding FX Contracts. See Note 12, "Financial Instruments," for further information on the Company's FX Contracts.

Interest Rate Swap

As a result of the Company completing several debt transactions in connection with the September 7, 2016 acquisition of Elizabeth Arden, Inc. ("Elizabeth Arden," the "Elizabeth Arden Acquisition" and the "Elizabeth Arden Acquisition Date," respectively), the critical terms of the 2013 Interest Rate Swap (as hereinafter defined) no longer matched the terms of the underlying debt and the 2013 Interest Rate Swap was determined to no longer be highly effective. Accordingly, the Company discontinued hedge accounting for the 2013 Interest Rate Swap during the third quarter of 2016. Following this de-designation, changes in the fair value of the 2013 Interest Rate 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 Note 12, "Financial Instruments," for further information on the Company's 2013 Interest Rate Swap. Refer to Note 10, "Long-Term Debt," for further details related to financing the Elizabeth Arden Acquisition and related debt restructuring transactions.

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.

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 year ended December 31, 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, "Revenue from Contracts with Customers". As previously noted, 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. 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 "Revenue Recognition and Sales Returns" above within this Note 1, "Description of Business and Summary of Significant Accounting Policies," as well as Note 18, "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 income of $1.5 million for the year ended December 31, 2017, as previously reported in cost of sales and SG&A expenses in the Company's Consolidated Statement of Operations and Comprehensive (Loss) Income, being reclassified below operating income in the miscellaneous, net line item. See Note 13, "Pension and Post-Retirement Benefits," for more information.

In January 2017, the FASB issued ASU No. 2017-04, "Simplifying the Test for Goodwill Impairment," which simplifies the annual goodwill impairment analysis test by eliminating Step 2 of the current two-step impairment test. Under the new guidance, an entity continues to perform the first step of the annual impairment test by comparing the carrying amount of a reporting unit with its fair value. If the carrying value of the reporting unit exceeds the fair value of the reporting unit, the goodwill impairment charge is equal to the amount of such difference. This guidance is effective for annual periods beginning after December 15, 2019, with early adoption permitted. The Company adopted ASU No. 2017-04 beginning as of October 1, 2018 and recorded a goodwill impairment of $18.0 million related to the Mass Portfolio reporting unit within the Portfolio segment in connection with its annual impairment analysis (see Note 7, "Goodwill and Intangible Assets, Net," for further information on the Company's goodwill and annual impairment testing).

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 adopted ASU No. 2016-02 beginning as of January 1, 2019, using a simplified transition approach. In addition, the Company elected to apply the package of practical expedients identified under Topic 842. The Company has identified the population of leases to which the guidance applies and has started implementing changes in its systems, procedures and controls relating to how lease information is obtained, processed and analyzed. Based on its preliminary assessment, the Company expects that the adoption of this standard will result in a material increase in the lease-related assets and liabilities on its balance sheet, but expects minimal impact to its statement of operations and cash flows. The Company will be implementing changes to its financial statements and related disclosures in its Quarterly Report on Form 10-Q for the fiscal quarter ending March 31, 2019.

In June 2016, the FASB issued ASU No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments," which was subsequently amended in November 2018, through ASU No. 2018-19, "Codification Improvements to Topic 326, Financial Instruments - Credit Losses." ASU No. 2016-13 will require entities to estimate lifetime expected credit losses for trade and other receivables, net investments in leases, financing receivables, debt securities and other instruments, which will result in earlier recognition of credit losses. Further, the new credit loss model will affect how entities in all industries estimate their allowance for losses for receivables that are current with respect to their payment terms. ASU No. 2018-19 further clarifies that receivables arising from operating leases are not within the scope of Subtopic 326. Instead, impairment from receivables of operating leases should be accounted for in accordance with Topic 842, Leases. The new guidance on credit losses is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company expects to adopt ASU No. 2016-03, and the related ASU No. 2018-19 amendments, beginning as of January 1, 2020 and is in the process of assessing the impact that this new guidance is expected to have on the Company’s results of operations, financial condition and/or financial statement disclosures.

In 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 provides 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 ASU No. 2018-15 is expected to have on the Company’s results of operations, financial condition and/or financial statement disclosures.

RESTRUCTURING CHARGES

12 Months Ended

Dec. 31, 2018

Restructuring and Related Activities [Abstract]

RESTRUCTURING CHARGES

2018 Optimization Restructuring Program

On November 9, 2018, the Company announced that it was implementing the 2018 Optimization Restructuring Program (the "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. 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 other related charges. The Company also expects to incur approximately $10 million of additional capital expenditures. The Company recorded pre-tax restructuring charges of $5.7 million in 2018, related to the 2018 Optimization Program, with substantially all of the balance expected to be recognized in 2019. Of these charges: (a) $4.5 million were recorded in restructuring charges; and (b) $1.2 million were recorded in SG&A. The Company expects that approximately 85% of the restructuring charges will be paid in cash, of which approximately $0.8 million were paid in 2018 and $25 million to $33 million are expected to be paid in 2019, with any remaining balance to be paid in 2020. The Company expects the 2018 Optimization Program to be substantially completed by December 31, 2019.

A summary of the 2018 Optimization Restructuring Charges incurred through December 31, 2018 is presented in the following table:



	Restructuring Charges and Other, Net
	Employee Severance and Other Personnel Benefits		Other Costs		Total Restructuring Charges		Other Related Charges^(a)		Total Restructuring and Related Charges
Cumulative charges incurred through December 31, 2018	$	4.5	$	—	$	4.5	$	1.2	$	5.7

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

A summary of the 2018 Optimization Restructuring Charges incurred through December 31, 2018 by reportable segment is presented in the following table:



	Charges incurred during the year ended December 31, 2018
Revlon	$	1.9
Elizabeth Arden	0.9
Portfolio	1.0
Fragrances	0.7
Total	$	4.5

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. The EA Integration Restructuring Program was substantially completed by December 31, 2018 and the Company expects to incur limited further charges under this program, primarily related to its exit from certain leased spaces. In connection with implementing the EA Integration Restructuring Program, the Company recognized $82.2 million of total pre-tax restructuring charges (the "EA Integration Restructuring Charges"), consisting of: (i) $72.2 million of employee-related costs, including severance, retention and other contractual termination benefits; (ii) $5.1 million of lease termination costs; and (iii) $4.9 million of other related charges. The Company expects that cash payments will total $80 million to $85 million in connection with the EA Integration Restructuring Charges, of which $63.9 million were paid through December 31, 2018. The remaining balance is expected to be substantially paid by the end of 2020.

A summary of the EA Integration Restructuring Charges incurred through December 31, 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 year ended December 31, 2018	9.4		0.1		^(a)	9.5		0.5		—		10.0
Cumulative charges incurred through December 31, 2018	$	72.2	$	5.1		$	77.3	$	1.9	$	3.0	$	82.2

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

^(b)Inventory adjustments are recorded within cost of sales in the Company’s Consolidated Statement of Operations and Comprehensive (Loss) Income.

^(c) Other related charges are recorded within SG&A in the Company’s Consolidated Statement of Operations and Comprehensive (Loss) Income.

A summary of the EA Integration Restructuring Charges incurred through December 31, 2018 by reportable segment is presented in the following table:



	Charges incurred during the year ended December 31, 2018			Cumulative charges incurred through December 31, 2018
Revlon	$	8.3		$	32.9
Elizabeth Arden	0.5			13.3
Portfolio	(0.3		)	13.1
Fragrances	1.0			18.0
Total	$	9.5		$	77.3

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 December 31, 2018
2018 Optimization Program:^(a)
Employee severance and other personnel benefits	$	—	$	4.5		$	—		$	(0.8	)	$	—	$	3.7
Other	—		1.2			—			—			—		1.2
Total 2018 Optimization Program	—		5.7			—			(0.8		)	—		4.9

EA Integration Restructuring Program:^(b)
Employee severance and other personnel benefits	25.8		9.4			(0.3		)	(21.1		)	—		13.8
Other	3.9		0.6			—			(0.3		)	—		4.2
Total EA Integration Restructuring Program	29.7		10.0			(0.3		)	(21.4		)	—		18.0

Other individually immaterial actions:^(c)
Employee severance and other personnel benefits	2.5		5.1			—			(3.0		)	—		4.6
Other	1.7		1.0			(0.1		)	(1.8		)	—		0.8
Total other individually immaterial actions	4.2		6.1			(0.1		)	(4.8		)	—		5.4
Total restructuring reserve	$	33.9	$	21.8		$	(0.4	)	$	(27.0	)	$	—	$	28.3

									Utilized, Net
	Liability Balance at January 1, 2017		Expense (Income), Net			Foreign Currency Translation			Cash			Non-cash		Liability Balance at December 31, 2017
EA Integration Restructuring Program:
Employee severance and other personnel benefits	$	31.5	$	31.3		$	—		$	(37.0	)	$	—	$	25.8
Other	3.0		6.4			—			(5.5		)	—		3.9
Total EA Integration Restructuring Program	34.5		37.7			—			(42.5		)	—		29.7

Other individually immaterial actions:^(d)
Employee severance and other personnel benefits	7.1		(2.6		)	—			(2.0		)	—		2.5
Other	1.2		1.1			0.1			(0.7		)	—		1.7
Total other individually immaterial actions	8.3		(1.5		)	0.1			(2.7		)	—		4.2
Total restructuring reserve	$	42.8	$	36.2		$	0.1		$	(45.2	)	$	—	$	33.9

^(a)Includes approximately $1.2 million related to other restructuring-related charges that were reflected within SG&A in the Company’s December 31, 2018 Consolidated Statement of Operations and Comprehensive (Loss) Income.

^(b)Includes an approximately $2.1 million reversal related to certain positions that were initially identified as part of the program that were subsequently transitioned to other functions within the Company. Other includes $0.5 million in charges related to inventory adjustments and other restructuring-related charges that were reflected within cost of sales in the Company’s December 31, 2018 Consolidated Statement of Operations and Comprehensive (Loss) Income.

^(c)Consists primarily of other immaterial restructuring initiatives in Denmark, Italy, Sweden and France.

^(d)Consists primarily of: (i) the reversal of approximately $3.2 million in previously accrued restructuring charges recognized in connection with the Company's September 2015 restructuring actions taken to drive certain organizational efficiencies; and (ii) costs related to the restructuring program that Elizabeth Arden commenced prior to the Elizabeth Arden Acquisition.

As of December 31, 2018 and 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

12 Months Ended

Dec. 31, 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:



	Year Ended December 31,
	2018			2017
Net sales	$	—		$	—
(Loss) income from discontinued operations, before taxes	(0.1		)	2.4
Provision for income taxes	—			0.3
(Loss) income from discontinued operations, net of taxes	(0.1		)	2.1

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



	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

12 Months Ended

Dec. 31, 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. Following this change in the Company's organizational structure, the Company performed an analysis of the components within each reporting segment and identified six reporting units: (1) Revlon; (2) Elizabeth Arden Skin and Color, within the Elizabeth Arden segment, which includes Elizabeth Arden skin care and color cosmetics brands; (3) Elizabeth Arden Fragrances, within the Elizabeth Arden segment, which includes Elizabeth Arden branded fragrances; (4) Mass Portfolio with the Portfolio segment, which includes the Company's Portfolio brands sold primarily through the mass retail channel; (5) Professional Portfolio within the Portfolio segment, which includes the Company's Portfolio brands sold primarily through professional salons; and (6) Fragrances. The Company's Revlon and Fragrances reporting units are consistent with the respective reportable 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, using December 31, 2017 carrying values.

The Company utilized the two-step process in assessing whether goodwill was impaired for each of the Company's six reporting units and determined that it was more likely than not that the fair values of each of these reporting units exceeded their respective carrying amounts.

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 year ended December 31, 2018:



	Revlon			Portfolio			Elizabeth Arden		Fragrances		Total
Balance at January 1, 2017^(a)	$	265.3		$	198.8		$	104.6	$	120.8	$	689.5
Measurement Period Adjustments^(b)	—						12.3				12.3
Foreign currency translation adjustment	—			1.5							1.5
Goodwill impairment charge^(a)				(10.8		)					(10.8		)
Balance at December 31, 2017^(a)	$	265.3		$	189.5		$	116.9	$	120.8	$	692.5
Foreign currency translation adjustment	(0.3		)	(0.3		)	—		—		(0.6		)
Goodwill impairment charge	—			(18.0		)	—		—		(18.0		)
Balance at December 31, 2018	$	265.0		$	171.2		$	116.9	$	120.8	$	673.9

Cumulative goodwill impairment charges^(c)											$	(55.2	)

^(a)Prior period amounts have been restated to reflect the current period's segment presentation.

^(b) Measurement Period Adjustments related to the 2016 Elizabeth Arden Acquisition.

^(c)Amount refers to cumulative goodwill impairment charges related to impairments recognized in 2015, 2017 and 2018.

Annual impairment testing

For 2018, in assessing whether goodwill was impaired in connection with its annual impairment testing performed during the fourth quarter of 2018 using October 1^st, 2018 carrying values, the Company performed qualitative assessments to determine whether it would be necessary to perform the two-step process, as prescribed by ASC 350, to assess the Company's indefinite-lived intangible assets for indicators of impairment. In performing the qualitative assessments, the Company considered the results of the step one test performed in conjunction with the reassignment of goodwill and relative fair value allocation approach in the first quarter of 2018 and the financial performance of these five reporting units: (i) Revlon; (ii) Elizabeth Arden Skin and Color; (iii) Elizabeth Arden Fragrances; (iv) Professional Portfolio; and (v) Fragrances. Based upon such assessment, the Company determined that it was more likely than not that the fair values of each of these reporting units exceeded their respective carrying amounts for 2018.

For 2018, the Company used the simplified approach allowed under ASU No. 2017-04 to test its Mass Portfolio reporting unit within the Portfolio segment for impairment. Accordingly, the Company first performed a qualitative assessment indicating that indicators of impairment existed for the Mass Portfolio reporting unit. Following the results of such assessment and the adoption of ASU No. 2017-04 as of October 1, 2018, the Company recorded as an impairment the amount by which the carrying value of the Mass Portfolio reporting unit exceeded its fair value. The Company calculated the fair value of the Mass Portfolio reporting unit using discounted estimated future cash flows. The weighted-average cost of capital used in testing the Mass Portfolio reporting unit for impairment was 10%, with a perpetual growth rate of 2%. As a result of this annual impairment testing, the Company recognized an $18.0 million non-cash goodwill impairment charge related to the Mass Portfolio reporting unit within the Portfolio segment in the fourth quarter of 2018. Following the recognition of this non-cash goodwill impairment charge, the Mass Portfolio reporting unit had $54.3 million in remaining goodwill as of December 31, 2018.

For 2017, in assessing whether goodwill was impaired in connection with its annual impairment testing performed during the fourth quarter of 2017 using October 1^st, 2017 carrying values, the Company performed qualitative assessments to determine whether it would be necessary to perform the two-step process, to assess the Company's indefinite-lived intangible assets for indicators of impairment. In performing the qualitative assessments, the Company considered the results of the step one test performed in 2016 and the financial performance of the then-current (i) Revlon, Almay and Other; (ii) Elizabeth Arden; and (iii) Professional reporting units. Based upon such assessment, the Company determined that it was more likely than not that the fair values of these reporting units exceeded their carrying amounts for 2017. For 2017, the Company determined that it would utilize the two-step process to test the Global Color Brands ("GCB") reporting unit for impairment. The first step of this test indicated that impairment indicators existed for the GCB reporting unit due to continued net sales declines for both of the reporting unit's brands, namely SinfulColors and Pure Ice, and lower promotional activity for the Pure Ice brand. As a result of the annual impairment testing for 2017, the Company recognized a $10.8 million non-cash goodwill impairment charge related to the GCB reporting unit in the fourth quarter of 2017.

Intangible Assets, Net

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



	December 31, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses	$	272.3	$	(94.3	)	$	178.0	13
Customer relationships	248.6		(77.9		)	170.7		12
Patents and internally-developed intellectual property	20.9		(10.1		)	10.8		6
Distribution rights	31.0		(4.0		)	27.0		16
Other	1.3		(1.0		)	0.3		1
Total finite-lived intangible assets	$	574.1	$	(187.3	)	$	386.8

Indefinite-lived intangible assets:
Trade names	$	145.2	N/A			$	145.2
Total indefinite-lived intangible assets	$	145.2	N/A			$	145.2

Total intangible assets	$	719.3	$	(187.3	)	$	532.0

	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 $57.1 million and $43.2 million for the year ended December 31, 2018 and 2017, respectively, with the increase primarily attributable to the accelerated amortization of the Pure Ice intangible assets as a result of the revision of the brand’s intangible assets useful lives following the termination of a business relationship with its principal customer.

In accordance with ASC 360, and in conjunction with the 2018 annual impairment testing, the Company reviewed finite-lived intangible assets for impairment. In performing such review, the Company makes judgments about the recoverability of purchased finite lived intangible assets whenever events or changes in circumstances indicate that an impairment may exist. The Company also considers several indicators of impairment, including, among others, the following: (i) a significant adverse change in the extent or manner in which a long-lived asset (or asset group) is being used; (ii) a projection or forecast that demonstrates losses associated with the use of a long-lived asset (or asset group); and (iii) whether there exists a current expectation that, more likely than not, a long-lived asset (or asset group) will be sold or otherwise disposed of significantly before the end of its previously estimated useful life. The Company recognizes an impairment if the carrying amount of the long-lived asset group exceeds the Company's estimate of the asset group's undiscounted future cash flows. For the year ended December 31, 2018 and 2017, the Company did not recognize any impairment charges related to the carrying value of any of the Company's identifiable intangible assets as a result of the annual impairment testing.

The Company did not recognize any impairment charges related to the carrying value of any of the Company's identifiable intangible assets as a result of the annual impairment testing for the year ended December 31, 2017.

The following table reflects the estimated future amortization expense for each period presented, a portion of which is subject to exchange rate fluctuations, for the Company's finite-lived intangible assets as of December 31, 2018:



	Estimated Amortization Expense
2019	$	41.3
2020	34.1
2021	33.1
2022	32.2
2023	30.7
Thereafter	215.4
Total	$	386.8

LONG-TERM DEBT

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

LONG-TERM DEBT

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



	December 31,
	2018			2017
2018 Foreign Asset-Based Term Loan Credit Agreement due 2021, net of discounts and debt issuance costs (see (a) below)	$	82.7		$	—
2016 Revolving Credit Facility due 2021, net of debt issuance costs (see (b) below)	330.0			152.1
2016 Term Loan Facility: 2016 Term Loan due 2023, net of discounts and debt issuance costs (see (c) below)	1,724.6			1,735.9
5.75% Senior Notes due 2021, net of debt issuance costs (see (d) below)	496.6			495.1
6.25% Senior Notes due 2024, net of debt issuance costs (see (e) below)	441.4			440.3
Spanish Government Loan due 2025	0.5			0.5
	$	3,075.8		$	2,823.9
Less current portion^(*)	(348.1		)	(170.2		)
	$	2,727.7		$	2,653.7

Short-term borrowings	$	9.3		$	12.4

^(*) At December 31, 2018, the Company classified $348.1 million as its current portion of long-term debt, comprised primarily of $330 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.

Current Year Debt Transactions

(a) 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 "2018 Asset-Based Term Facility" and the "2018 Asset-Based Term Agreement," respectively) and related guarantee and security agreements.

Principal and Maturity: The 2018 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 2018 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 2018 Asset-Based Term Facility were used for working capital and other general corporate purposes. The 2018 Asset-Based Term Facility matures on July 9, 2021.

The 2018 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 2018 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 2018 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 2018 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 2018 Asset-Based Term Facility) and certain other material assets of the Borrowing Base Guarantors. The 2018 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 2018 Asset-Based Term Agreement, and in any event at least quarterly, and accrues on borrowings under the 2018 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 2018 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 2018 Asset-Based Term Facility made prior to January 9, 2019 were subject to a 1.0% premium. Loans under the 2018 Asset-Based Term Facility may be prepaid without premium or penalty after January 9, 2019.

Affirmative and Negative Covenants: The 2018 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 2018 Asset-Based Term Agreement also contains certain customary representations, warranties and events of default.

Prepayments: The Borrowers must prepay loans under the 2018 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 2018 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 2018 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.

During 2018, the Company incurred approximately $5.7 million of fees and expenses in connection with consummating the 2018 Asset-Based Term Agreement, which were capitalized and are being amortized over the remaining term of the 2018 Asset-Based Term Facility using the effective interest method. The aggregate principal amount outstanding under the 2018 Asset-Based Term Agreement at December 31, 2018 was $88.3 million.

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") that provided 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 allowed 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 matured on December 31, 2018. The highest outstanding balance under this facility at any one time during 2018 was $35 million. As of its December 31, 2018 maturity date, Products Corporation had fully repaid all outstanding short-term borrowings under this facility.

Loans that were outstanding under the 2018 Senior Line of Credit Facility bore interest at an annual rate of 8%, which was payable quarterly in arrears in cash. Products Corporation had the right, at its option, to 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 was required to repay 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 entered into a new financing agreement under which it or any of its subsidiaries was able to draw; or (ii) for any reason Products Corporation or any of its subsidiaries had available unrestricted cash that Products Corporation determined, in its reasonable judgment, was not required to run their operations in the ordinary course of business, provided that such repayment under this clause (ii) would not have resulted in material adverse tax consequences. For the year ended December 31, 2018, the Company had net repayments of $15 million under this facility.

The 2018 Senior Line of Credit Agreement included customary events of default, including a cross default provision that made it an event of default under the 2018 Senior Line of Credit Agreement if there existed and continued 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 occurred, MacAndrews & Forbes Incorporated had the right to declare all outstanding loans under the 2018 Senior Line of Credit Facility to be due and payable immediately.

(b) April 2018 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"). See Note 22, "Subsequent Events," for additional information regarding the maturity of the Tranche B and related information.

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.

During 2018, the Company incurred approximately $4.0 million of fees and expenses in connection with the Revolver Amendment, which were capitalized and are being amortized over the remaining term of the Revolver Amendment using the effective interest method. The aggregate principal amount outstanding under Tranche A and Tranche B of the 2016 Revolving Credit Facility at December 31, 2018 was $293.5 million and $41.5 million, respectively.

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 August 1, 2024 (the "6.25% Senior Notes"). 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.

Previous Years Debt Related Transactions

(b) 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, 2020. See Note 22, "Subsequent Events," for additional information regarding the maturity of the Tranche B and related information. 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 100% 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, the "FCCR") 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. See Note 21, "Subsequent Events." 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 was greater than 1.0 to 1.0 as of December 31, 2018, all of the $96.4 million of availability under the 2016 Revolving Credit Facility was available as of such date.

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. See Note 21, "Subsequent Events." 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.

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 due February 15, 2021 (the "5.75% Senior Notes") if, on that date (and solely for so long as), (i) any of Products Corporation's 5.75% Senior Notes remain outstanding and (ii) Products Corporation’s available liquidity does not exceed the aggregate principal amount of 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. The aggregate principal amount outstanding under the 2016 Term Loan Facility at December 31, 2018 was $1,759.5 million.

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. No excess cash flow payments were due and payable with respect to 2018.

(d) 5.75% Senior Notes

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

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

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

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

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

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

Optional Redemption: Beginning February 15, 2019, the 5.75% Senior Notes may be redeemed at Products Corporation's option, at any time as a whole, or from time-to-time in part, at 100% of their principal amount, plus accrued interest to the date of redemption.

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

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


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


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


•	make certain investments;


•	create liens on their assets to secure debt;


•	enter into transactions with affiliates;


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


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


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

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

In addition, if during any period of time the 5.75% Senior Notes receive investment grade ratings from both Standard & Poor’s and Moody’s Investors Services, Inc. and no default or event of default has occurred and is continuing under the 5.75% Senior Notes Indenture, Products Corporation and its subsidiaries will not be subject to the covenants on Limitation on Debt, Limitation on Restricted Payments, Limitation on Asset Sales, Limitation on Dividends from Subsidiaries and certain provisions of the Successor Company covenant. The aggregate principal amount outstanding under the 5.75% Senior Notes at December 31, 2018 was $500.0 million.

(e) 6.25% Senior Notes

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

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

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

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



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

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

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

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

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

The aggregate principal amount outstanding under the 6.25% Senior Notes at December 31, 2018 was $450.0 million.

Covenants

Products Corporation was in compliance with all applicable covenants under the 2016 Senior Credit Facilities as of December 31, 2018. At December 31, 2018, the aggregate principal amounts outstanding and availability under Products Corporation’s various revolving credit facilities were as follows:



	Commitment		Aggregate principal amount outstanding at December 31, 2018		Availability at December 31, 2018 ^(a)
Tranche A of the 2016 Revolving Credit Facility	$	400.0	$	293.5	$	96.4
Tranche B of the 2016 Revolving Credit Facility	41.5		41.5		N/A
Total Tranche A & B of the 2016 Revolving Credit Facility^(a)	$	441.5	$	335.0	$	96.4

^(a) Availability as of December 31, 2018 is based upon the revolving commitment of $441.5 million, less $10.1 million of outstanding undrawn letters of credit and $335.0 million then drawn. As Products Corporation’s consolidated fixed charge coverage ratio was greater than 1.0 to 1.0 as of December 31, 2018, all of the $96.4 million of availability under the 2016 Revolving Credit Facility was available as of such date.

Products Corporation was in compliance with all applicable covenants under its Senior Notes Indentures as of December 31, 2018.

Long-Term Debt Maturities

The aggregate amounts of contractual long-term debt maturities at December 31, 2018 in the years 2019 through 2023 and thereafter are as follows:



Years Ended December 31,	Long-Term Debt Maturities
2019	$	353.1		^(a)
2020	18.1			^(b)
2021	606.4			^(c)
2022	18.1			^(b)
2023	1,687.6			^(d)
Thereafter	450.0			^(e)
Total long-term debt	3,133.3
Discounts and deferred finance charges	(57.5		)
Total long-term debt, net of discounts and deferred finance charges	$	3,075.8


^(a)	Amount consists primarily of $335 million in aggregate principal amount of borrowings under the 2016 Revolving Credit Facility outstanding as of December 31, 2018 and the quarterly amortization payments payable in 2019 under the 2016 Term Loan Facility.


^(b)	Amount consists primarily of the quarterly amortization payments described in (a) above payable in 2020.

^(c)

Amount is primarily comprised of the $500 million in aggregate principal amount under the 5.75% Senior Notes, which are scheduled to mature in February 2021 and the U.S. dollar equivalent of the €77 million in aggregate principal amount under the 2018 Asset-Based Term Facility, in each case outstanding as of December 31, 2018, and the quarterly amortization payment described in (a) above payable in 2021.


^(d)	Amount consists primarily of the quarterly amortization payments due under the 2016 Term Loan Facility during 2023 and the remaining aggregate principal amount outstanding at December 31, 2018 under the 2016 Term Loan Facility, which is scheduled to mature in September 2023.


^(e)	Amount consists of the $450 million aggregate principal amount outstanding at December 31, 2018 under the 6.25% Senior Notes, which are scheduled to mature in August 2024.

FAIR VALUE MEASUREMENTS

12 Months Ended

Dec. 31, 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 December 31, 2018, the Company did not have any financial assets and liabilities that were required to be measured at fair value.

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 FX Contracts, which matured in December 2018, 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 12, "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 12, "Financial Instruments."

As of December 31, 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:



	December 31, 2018
	Fair Value
	Level 1		Level 2		Level 3		Total		Carrying Value
Liabilities:
Long-term debt, including current portion^(a)	$	—	$	2,259.5	$	—	$	2,259.5	$	3,075.8

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

12 Months Ended

Dec. 31, 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 December 31, 2018 and December 31, 2017. Included in these amounts are approximately $7.3 million in standby letters of credit that support Products Corporation’s self-insurance programs, in each case as outstanding as of December 31, 2018 and December 31, 2017, respectively. The estimated liability under such programs is accrued by Products Corporation.

Derivative Financial Instruments

The Company may, from time to time, use 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 December 31, 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 may, from time to time, be 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 FX Contracts in the Company's hedging program matured in December 2018. The U.S. Dollar notional amounts of the FX Contracts outstanding as of December 31, 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 nil as of December 31, 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 December 31, 2018, the Company did not have any derivative financial instruments.

As of 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

December 31,
2017

Balance Sheet

December 31,
2017

Classification

Fair Value

Classification

Fair Value

Derivative financial instruments:

FX Contracts^(a)

Prepaid expenses and other

0.6

Accrued Expenses and other

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 December 31, 2017 were measured based on observable market transactions of spot and forward rates as of December 31, 2018 and 2017, respectively. The FX Contracts matured in December 2018.

^(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 2013 Interest Rate Swap expired in May 2018.

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



Derivative Instruments	Statement of Operations Classification	Amount of Gain (Loss) Recognized in Net (Loss) Income
		Year Ended December 31,
		2018			2017
Derivative financial instruments:
2013 Interest Rate Swap	Interest Expense	$	(1.2	)	$	(3.7	)
FX Contracts	Foreign currency gain (loss), net	0.2			(4.1		)
2013 Interest Rate Swap	Miscellaneous, net	0.2			0.1



	Amount of Gain Recognized in Other Comprehensive (Loss) Income
	Year Ended December 31,
	2018		2017
Derivatives previously designated as hedging instruments:
2013 Interest Rate Swap, net of tax ^(a)	$	0.7	$	2.3

^(a) Net of tax benefits of $0.5 million and $1.4 million for the year ended December 31, 2018 and 2017, respectively.

PENSION AND POST-RETIREMENT BENEFITS

12 Months Ended

Dec. 31, 2018

Retirement Benefits [Abstract]

PENSION AND POST-RETIREMENT BENEFITS

Savings Plan:

The Company offers a qualified defined contribution plan for its U.S.-based employees, the Revlon Employees' Savings, Investment and Profit Sharing Plan (as amended, the "Savings Plan"), which allows eligible participants to contribute up to 25%, and highly compensated participants to contribute up to 10%, of eligible compensation through payroll deductions, subject to certain annual dollar limitations imposed by the Internal Revenue Service (the "IRS"). The Company matches employee contributions at fifty cents for each dollar contributed up to the first 6% of eligible compensation. The Company made cash matching contributions to the Savings Plan of $5.3 million and $5.5 million during 2018 and 2017, respectively (the 2017 amount includes $2.5 million of matching contributions made to the Elizabeth Arden defined contribution plan, acquired in the 2016 Elizabeth Arden Acquisition, which effective January 1, 2018 was merged into the Company's Savings Plan). The Company also offers a non-qualified defined contribution plan (the "Excess Savings Plan") providing benefits for certain U.S. employees who are in excess of IRS limitations. These non-qualified defined contribution benefits are funded from the Company's general assets.

The Company’s qualified and non-qualified defined contribution savings plans for its U.S.-based employees contain a discretionary profit-sharing component that enables the Company, should it elect to do so, to make discretionary profit-sharing contributions. For 2018, the Company made discretionary profit-sharing contributions to the Savings Plan and Excess Savings Plan of $6.8 million (of which $5.3 million was paid in 2018 and $1.5 million was paid in January 2019), or up to 3% of eligible compensation, which was credited on a quarterly basis. For 2017, the Company made discretionary profit-sharing contributions to the Savings Plan and Excess Savings Plan of $5.1 million (of which $4.0 million was paid in 2017 and $1.1 million was paid in January 2018), or up to 3% of eligible compensation, which was credited on a quarterly basis.

Pension Benefits:

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

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

Other Post-retirement Benefits:

The Company previously sponsored an unfunded retiree benefit plan, which provides death benefits payable to beneficiaries of a very limited number of former employees. Participation in this plan was limited to participants enrolled as of December 31, 1993. The Company also administers an unfunded medical insurance plan on behalf of Revlon Holdings, certain costs of which have been apportioned to Revlon Holdings under the transfer agreements among Revlon, Products Corporation and MacAndrews & Forbes. (See Note 21, "Related Party Transactions").

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



	Pension Plans						Other Post-Retirement Benefit Plans
	December 31,
	2018			2017			2018			2017
Change in Benefit Obligation:
Benefit obligation - beginning of year	$	(661.4	)	$	(640.5	)	$	(14.0	)	$	(13.4	)
Service cost	(2.0		)	(3.0		)	—			—
Interest cost	(18.6		)	(19.6		)	(0.4		)	(0.4		)
Actuarial gain (loss)	42.0			(22.3		)	1.4			(1.1		)
Curtailment gain	—			3.3			—			—
Other pension settlements	—			3.6			—			—
Benefits paid	45.2			43.2			0.8			0.9
Other ^(a)	—			(18.4		)	—			—
Plan participant contributions	(0.6		)	(0.7		)	—			—
Foreign currency translation adjustments	4.4			(7.0		)	—			—
Benefit obligation - end of year	$	(591.0	)	$	(661.4	)	$	(12.2	)	$	(14.0	)
Change in Plan Assets:
Fair value of plan assets - beginning of year	$	497.2		$	464.0		$	—		$	—
Actual return on plan assets	(24.2		)	53.5			—			—
Employer contributions	8.0			7.6			0.8			0.9
Other pension settlements	—			(3.6		)	—			—
Benefits paid	(45.2		)	(43.2		)	(0.8		)	(0.9		)
Other ^(a)	—			11.6			—
Plan participant contributions	0.6			0.7			—
Foreign currency translation adjustments	(4.0		)	6.6			—			—
Fair value of plan assets - end of year	$	432.4		$	497.2		$	—		$	—
Unfunded status of plans at December 31,	$	(158.6	)	$	(164.2	)	$	(12.2	)	$	(14.0	)


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

With respect to the Company's pension plans and other post-retirement benefit plans, amounts recognized in the Company’s Consolidated Balance Sheets at December 31, 2018 and 2017 consisted of the following:



	Pension Plans						Other Post-Retirement Benefit Plans
	December 31,
	2018			2017			2018			2017
Other long-term assets	$	4.8		$	1.5		$	—		$	—

Accrued expenses and other	(5.9		)	(6.2		)	(0.7		)	(0.7		)
Pension and other post-retirement benefit liabilities	(157.5		)	(159.5		)	(11.5		)	(13.3		)
Total liability	$	(158.6	)	$	(164.2	)	$	(12.2	)	$	(14.0	)

Accumulated other comprehensive loss, gross	$	252.6		$	253.2		$	2.7		$	4.5
Income tax benefit	(44.4		)	(43.3		)	(0.6		)	(0.9		)
Portion allocated to Revlon Holdings	(0.8		)	(0.9		)	—			(0.2		)
Accumulated other comprehensive loss, net	$	207.4		$	209.0		$	2.1		$	3.4

With respect to the above accrued expenses and other, the Company has recorded receivables from affiliates of $2.4 million and $2.6 million at December 31, 2018 and 2017, respectively, relating to pension plan liabilities retained by such affiliates.

As of December 31, 2018 and 2017, the projected benefit obligation, accumulated benefit obligation and fair value of plan assets for the Company's pension plans are as follows:



	December 31,
	2018		2017
Projected benefit obligation	$	591.0	$	661.4
Accumulated benefit obligation	589.1		661.1
Fair value of plan assets	432.4		497.2

Net Periodic Benefit Cost

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
	Year Ended December 31,
	2018			2017			2018		2017
Net periodic benefit costs:
Service cost	$	2.0		$	3.0		$	—	$	—
Interest cost	18.6			19.6			0.4		0.4
Expected return on plan assets	(27.8		)	(28.6		)	—		—
Amortization of actuarial loss	9.2			9.5			0.4		0.3
Curtailment gain^(a)	(0.1		)	(2.6		)	—		—
Total net periodic benefit costs prior to allocation	$	1.9		$	0.9		$	0.8	$	0.7
Portion allocated to Revlon Holdings	(0.1		)	(0.1		)	—		—
Total net periodic benefit costs	$	1.8		$	0.8		$	0.8	$	0.7

^(a)As a result of the Elizabeth Arden Acquisition, the Company recognized $0.1 million and $2.6 million in curtailment gains related to a foreign non-qualified defined benefit plan of an Elizabeth Arden subsidiary for the years ended December 31, 2018 and 2017, respectively.

In the year ended December 31, 2018, the Company recognized net periodic benefit cost of $2.6 million, compared to net periodic benefit cost of $1.5 million in the year ended December 31, 2017, primarily due to the curtailment gain recognized during 2017, partially offset by lower service costs, interest costs and expected return on plan assets during 2018.

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



	Year Ended December 31,
	2018		2017
Net periodic benefit (income) costs:
Cost of sales	$	0.1	$	—
Selling, general and administrative expense	1.9		3.0
Miscellaneous, net	0.6		(1.5		)
Total net periodic benefit costs^(a)	$	2.6	$	1.5

^(a)As a result of the Company's adoption of ASU No. 2017-07, Compensation-Retirement Benefits (Topic 715) - Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, 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.

Amounts recognized in accumulated other comprehensive loss at December 31, 2018 with respect to the Company’s pension plans and other post-retirement plans, which have not yet been recognized as a component of net periodic benefit cost, were as follows:



	Pension Benefits			Post-Retirement Benefits			Total
Net actuarial loss	$	252.7		$	2.7		$	255.4
Prior service cost	(0.1		)	—			(0.1		)
Accumulated Other Comprehensive Loss, Gross	252.6			2.7			255.3
Income tax benefit	(44.4		)	(0.6		)	(45.0		)
Portion allocated to Revlon Holdings	(0.8		)	—			(0.8		)
Accumulated Other Comprehensive Loss, Net	$	207.4		$	2.1		$	209.5

The total actuarial losses and prior service costs with respect to the Company’s pension plans and other post-retirement plans included in accumulated other comprehensive loss at December 31, 2018 expected to be recognized in net periodic benefit cost during the fiscal year ending December 31, 2019, is $9.6 million and $0.2 million, respectively.

Pension Plan Assumptions:

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



	U.S. Plans				International Plans
	2018		2017		2018		2017
Discount rate	4.13	%	3.47	%	2.52	%	2.19	%
Rate of future compensation increases	3.50	%	3.50	%	2.02	%	1.75	%

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



	U.S. Plans				International Plans
	2018		2017		2018		2017
Discount rate	3.47	%	3.92	%	2.19	%	2.24	%
Expected long-term return on plan assets	6.00	%	6.50	%	4.95	%	4.81	%
Rate of future compensation increases	3.50	%	3.50	%	1.75	%	2.01	%

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

In selecting its expected long-term rate of return on its pension plan assets, the Company considers a number of factors, including, without limitation, recent and historical performance of pension plan assets, the pension plan portfolios' asset allocations over a variety of time periods compared with third-party studies, the performance of the capital markets in recent years and other factors, as well as advice from various third parties, such as the pension plans' advisors, investment managers and actuaries. While the Company considered both the recent performance and the historical performance of pension plan assets, the Company’s assumptions are based primarily on its estimates of long-term, prospective rates of return. Using the aforementioned methodologies, the Company selected a 6.0% and 4.95% weighted-average long-term rate of return on plan assets assumption during 2018 for the U.S. and International pension plans, respectively. Differences between actual and expected asset returns are recognized in the net periodic benefit cost over the remaining service period of the active participating employees.

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

Investment Policy:

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

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

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

The Company’s U.S. and International pension plans have target asset allocation ranges that are intended to be flexible guidelines for allocating the plans’ assets among various classes of assets. These target ranges are reviewed periodically and considered for readjustment when an asset class weighting is outside of its target range (recognizing that these are flexible target ranges that may vary from time-to-time) with the objective of meeting or exceeding the expected long-term rate of return on plan assets assumption, weighed against a reasonable risk level. The target ranges per asset class in effect for 2018 were as follows:



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

Fair Value of Pension Plan Assets:

The following table presents information on the fair value of the Company's U.S. and International pension plan assets at December 31, 2018 and 2017:



	U.S. Plans				International Plans
	2018		2017		2018		2017
Fair value of plan assets	$	358.3	$	413.6	$	74.1	$	83.6

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


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

•

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


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

•

Common and collective funds: The fair values of the investments included in the common and collective funds asset class are determined using NAV provided by the administrator of the funds. The NAV is based on the value of the underlying assets owned by the common and collective fund, minus its liabilities, and then divided by the number of shares outstanding. The redemption frequencies for the investments in the common and collective funds asset class range from daily to monthly, with redemption notice periods that range from 2 to 10 business days. The Company classifies common and collective fund investments within Level 1 or Level 2 of the fair value hierarchy, depending on whether certain criteria are met. Some common and collective funds for which fair value is not readily determinable are recorded using NAV per share or its equivalent, as permitted by the practical expedient, provided by ASU No. 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset per Share (or Its Equivalent) (the “ASU No. 2015-07 practical expedient”). These investments are not assigned a fair value hierarchy level.

•

Hedge funds: The hedge funds asset class includes hedge funds that primarily invest in a grouping of equities, fixed income instruments, currencies, derivatives and/or commodities. The fair values of investments included in the hedge funds class are determined using NAV provided by the administrator of the funds. The hedge fund investments in the hedge funds asset class may employ leverage, generally can be sold on a quarterly or monthly basis and have redemption notice periods that range up to 90 business days. Hedge fund investments are generally recorded using NAV per share or its equivalent, as permitted by the ASU No. 2015-07 practical expedient, and are not assigned a fair value hierarchy level.


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

The fair values of the assets within the Company's U.S. and International pension plans at December 31, 2018 by asset category were as follows:



				Quoted Prices in Active Markets for Identical Assets		Significant Observable Inputs			Significant Unobservable Inputs
	Total			Level 1		Level 2			Level 3
Common and Preferred Stock:
U.S. Small/Mid Cap Equity	$	7.0		$	7.0	$	—		$	—
Mutual Funds ^(a):
Corporate Bonds	10.6			10.6		—			—
Government Bonds	13.4			13.4		—			—
U.S. Large Cap Equity	0.2			0.2		—			—
International Equities	9.4			9.4		—			—
Emerging Markets International Equity	5.3			5.3		—			—
Cash and Cash Equivalents	2.2			2.2		—			—
Other ^(b)	1.8			1.8		—			—
Fixed Income Securities:
Government Bonds	70.0			—		70.0			—
Common and Collective Funds ^(a):
Corporate Bonds	40.7			19.6		21.1			—
Government Bonds	43.0			6.6		36.4			—
U.S. Large Cap Equity	54.5			38.8		15.7			—
U.S. Small/Mid Cap Equity	6.9			6.9		—			—
International Equities	58.4			5.5		52.9			—
Emerging Markets International Equity	14.9			8.5		6.4			—
Cash and Cash Equivalents	1.7			1.7		—			—
Other ^(b)	(1.6		)	—		(1.6		)	—
Cash and Cash Equivalents	22.2			22.2		—			—
Total Plan Assets in the fair value hierarchy	$	360.6		$	159.7	$	200.9		—

Investments measured at Net Asset Value ^(c)
Common and Collective Funds	36.3
Hedge Funds	35.5
Total Plan Assets measured at Net Asset Value	$	71.8

Total Plan Assets at Fair Value	$	432.4		$	159.7	$	200.9		—


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


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


(c)	These investments are presented for reconciliation purposes, but are not required to be categorized in the fair value hierarchy as they are measured at fair value using the net asset per share or its equivalent, as permitted by the ASU No. 2015-07 practical expedient.

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



			Quoted Prices in Active Markets for Identical Assets		Significant Observable Inputs		Significant Unobservable Inputs
	Total		Level 1		Level 2		Level 3
Common and Preferred Stock:
U.S. Small/Mid Cap Equity	$	18.3	$	18.3	$	—	$	—
Mutual Funds ^(a):
Corporate Bonds	17.7		17.7		—		—
Government Bonds	8.4		8.4		—		—
U.S. Large Cap Equity	0.1		0.1		—		—
International Equities	3.8		3.8		—		—
Emerging Markets International Equity	7.4		7.4		—		—
Other ^(b)	4.5		4.5		—		—
Fixed Income Securities:
Corporate Bonds	46.7		—		46.7		—
Government Bonds	15.4		—		15.4		—
Common and Collective Funds ^(a)(d):
Corporate Bonds	49.8		27.3		22.5		—
Government Bonds	44.1		7.4		36.7		—
U.S. Large Cap Equity	68.7		55.1		13.6		—
U.S. Small/Mid Cap Equity	16.1		16.1		—		—
International Equities	75.7		5.7		70.0		—
Emerging Markets International Equity	18.3		10.6		7.7		—
Cash and Cash Equivalents	4.2		4.2		—		—
Other ^(b)	3.5		0.0		3.5		—
Cash and Cash Equivalents	8.2		8.2		—		—
Total Plan Assets in the fair value hierarchy	$	410.9	$	194.8	$	216.1	$	—

Investments measured at Net Asset Value ^(c)
Common and Collective Funds	37.5
Hedge Funds	48.8
Total Plan Assets measured at Net Asset Value	$	86.3

Total Plan Assets at Fair Value	$	497.2	$	194.8	$	216.1	$	—


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


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


(c)	These investments are presented for reconciliation purposes, but are not required to be categorized in the fair value hierarchy as they are measured at fair value using the net asset per share or its equivalent, as permitted by the ASU No. 2015-07 practical expedient.


(d)	Commencing in 2018, the Company determined that certain of its investments in common and collective funds met certain criteria to be considered Level 2 investments within the fair value hierarchy. As such, the 2017 fair value hierarchy schedule was updated to conform to the current presentation.

There were no transfers into or out of Level 3 assets in the Company's U.S. and International pension plan's fair value hierarchy during 2018 or 2017.

Estimated Future Benefit Payments:

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



	Total Pension Benefits		Total Other Benefits
2019	$	44.5	$	1.2
2020	44.5		1.2
2021	42.3		1.2
2022	42.6		1.1
2023	41.8		1.1
Years 2024 to 2028	196.1		4.7

Contributions:

The Company’s intent is to fund at least the minimum contributions required to meet applicable federal employee benefit laws and local laws, or to directly pay benefit payments where appropriate. During 2018, $8.0 million and $0.8 million were contributed to the Company’s pension plans and other post-retirement benefit plans, respectively. During 2019, the Company expects to contribute approximately $12 million in the aggregate to its pension and other post-retirement benefit plans.

STOCK COMPENSATION PLAN

12 Months Ended

Dec. 31, 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 2.6 million shares available for grant as of December 31, 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.

Stock options:

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

At December 31, 2018 and 2017, there were no options exercisable under the Stock Plan and there was no stock option activity for 2018 and 2017.

Restricted stock awards and restricted stock units:

A summary of the restricted stock and RSU activity for each of 2018 and 2017 is presented in the following table:



	Restricted Stock (000's)		Weighted Average Grant Date Fair Value Per Share
Outstanding at January 1, 2017	411.0		$	30.78
Granted	853.1		30.94
Vested^(b)	(216.0	)	32.63
Forfeited	(253.1	)	32.60
Outstanding at December 31, 2017	795.0		29.87
Granted^(a)	1,303.9		19.39
Vested^(b)	(388.7	)	33.04
Forfeited^(a)	(303.5	)	25.08
Outstanding at December 31, 2018	1,406.7		20.32


^(a)	The 2018 grants include 69,767 restricted stock awards and 1,234,116 RSUs, the latter granted pursuant to the Long-Term Incentive Program under the Stock Plan, as discussed below. 2018 forfeited shares include 251,495 restricted stock awards and 52,022 RSUs.


^(b)	Of the amounts that vested during 2018 and 2017, 167,297 and 89,620 shares, respectively, were withheld by the Company to satisfy certain grantees’ minimum withholding tax requirements, which withheld shares became Revlon treasury stock and are not sold on the open market. (See discussion under "Treasury Stock" in Note 17, "Stockholders' Deficiency").

The Company recognizes non-cash compensation expense related to restricted stock awards and RSUs under the Stock Plan using the straight-line method over the remaining service period. The Company recorded compensation expense under the Stock Plan of $17.2 million and $6.8 million during 2018 and 2017, respectively. The 2018 total compensation expense consisted of $9.8 million related to restricted stock awards and $7.4 million related to the Long-Term Incentive Program discussed below. The total fair value of restricted stock and RSUs that vested during 2018 and 2017 was $12.8 million and $7 million, respectively. The deferred stock-based compensation balance related to restricted stock awards was $19.9 million at December 31, 2018. Of this balance, $4.5 million related to restricted stock awards and $15.4 million related to RSUs granted under the Long-Term Incentive Program, and they will be amortized ratably to compensation expense over a weighted-average remaining vesting period of 2.09 years.

The Stock Plan allows for awards of restricted stock and RSUs to employees and directors of Revlon and its affiliates, including Products Corporation. The restricted stock awards granted under the Stock Plan vest over service periods that generally range from 2 years to 5 years. The Company granted 69,767 shares of restricted stock to certain executives during 2018, which vest ratably over a 3-year period, with the first tranche of such grants scheduled to vest in March 2019. The Company granted 853,111 shares of restricted stock to certain executives during 2017, which vest over a range of 2 years to 5 years, with the first tranche of such grants having vested in April 2017.

Pursuant to the Company’s amended and restated employment agreement (the “2018 CEO Employment Agreement”), dated November 16, 2018, with Debra Perelman, the Company’s President and Chief Executive Officer, on November 16, 2018 the Company granted Ms. Perelman: (i) 73,986 time-based RSUs as part of the 2018 LTIP program under the Stock Plan, one-third of which are scheduled to vest on each of March 15, 2019, March 15, 2020 and March 15, 2021 and will be settled as soon as practicable thereafter; and (ii) 73,986 performance-based RSUs that are scheduled to cliff-vest at the completion of the 3-year performance period. Each RSU represents a contingent right to receive one share of Class A Common Stock or, at the Company’s election, the cash value thereof as of the dates that the RSUs are settled.

Pursuant to the Company’s employment agreement (the “CFO Employment Agreement”), dated March 12, 2018, with Victoria Dolan, the Company’s Chief Financial Officer, on November 8, 2018 the Company granted Ms. Dolan: (i) 12,690 time-based RSUs as part of the 2018 LTIP program under the Stock Plan, one-third of which are scheduled to vest on each of March 15, 2019, March 15, 2020 and March 15, 2021 and will be settled as soon as practicable thereafter; and (ii) 12,690 performance-based RSUs that are scheduled to cliff-vest at the completion of the 3-year performance period. Each RSU represents a contingent right to receive one share of Class A Common Stock or, at the Company’s election, the cash value thereof as of the dates that the RSUs are settled. In connection with the CFO Employment Agreement, on March 15, 2018 (the “CFO Grant Date”) the Company also granted Ms. Dolan 69,767 restricted shares of Revlon Class A Common Stock, which are scheduled to vest ratably on each of the first 3 anniversaries of the CFO Grant Date, provided that Ms. Dolan remains employed by the Company on each applicable vesting date, and is subject to earlier vesting upon the occurrence of a “change of control.”

Pursuant to the Company’s employment agreement with Mr. Fabian Garcia, the Company’s former President and Chief Executive Officer, on April 15, 2017 (the "Garcia Grant Date"), Revlon granted to Mr. Garcia 270,489 restricted shares of Revlon Class A Common Stock (the "Garcia Restricted Stock Grant"). One-fifth of the Garcia Restricted Stock Grant vested on the Garcia Grant Date (provided that the Company withheld 30,197 shares for the payment of withholding taxes due upon such vesting event pursuant to the terms of the Stock Plan). Pursuant to the terms of his separation agreement, dated January 29, 2018, the remaining four-fifths of the Garcia Restricted Stock Grant vested in full during March 2018.

Pursuant to the Company's employment agreement with Mr. Christopher Peterson, the Company's former Chief Operating Officer, Operations & Principal Financial Officer, on April 17, 2017 (the "Peterson Grant Date"), Revlon granted Mr. Peterson 192,307 restricted shares of Revlon Class A Common Stock (the "Peterson Restricted Stock Grant"). One-fifth of the Peterson Restricted Stock Grant vested in April 2018 (provided that the Company withheld 18,835 shares for the payment of withholding taxes due upon such vesting event pursuant to the terms of the Stock Plan). Pursuant to the terms of his separation agreement, dated July 17, 2018, 11,217 shares of the Peterson Restricted Stock Grant vested after his separation in July 2018, with the balance of the Peterson Restricted Stock Grant being cancelled and forfeited.

Long-Term Incentive Program

During 2018, the Company modified its 2018 long-term incentive program ("2018 LTIP"), granting 903,144 time-based and performance-based RSU awards under the Stock Plan (the "2018 LTIP RSUs"). Half of the 2018 LTIP RSUs are time-based RSUs that are scheduled to vest ratably over a 3-year service period, while the remaining half of the 2018 LTIP RSUs are performance-based RSUs that are scheduled to cliff-vest at the completion of the 3-year performance period.

In addition, during 2018, the Company modified its 2017 LTIP design to align with the 2018 LTIP design, granting a total of 330,972 time-based and performance-based RSUs under the Stock Plan (the "2017 LTIP RSUs" and together with the 2018 LTIP RSUs, the "LTIP RSUs"). Half of the 2017 LTIP RSUs are time-based RSUs that are scheduled to vest ratably over a 2-year service period, while the remaining half of the 2017 LTIP RSUs are performance-based RSUs that are scheduled to cliff-vest at the completion of the 2-year performance period.

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

Time-Based LTIP RSUs

The time-based 2018 LTIP RSUs are scheduled to vest ratably over a 3-year service period, with the first tranche of such grants schedule to vest in March 2019, while the time-based 2017 LTIP RSUs are scheduled to vest ratably over a 2-year service period, with the first tranche of such grants schedule to vest in March 2019. During the year ended December 31, 2018, LTIP RSUs granted to eligible employees and the weighted-average grant date fair value per share related to the time-based LTIP RSUs were as follows:



	Time-Based LTIP RSUs (000s)		Weighted-Average Grant Date Fair Value per RSU
LTIP RSUs Granted:
2018	451.6		$	19.12
2017	165.5		19.70
Total Time-Based LTIP RSUs granted	617.1
LTIP RSU's Forfeited:
2018	(16.9	)	$	19.19
2017	(9.1	)	19.70
Total Time-Based LTIP RSUs forfeited	(26.0	)
LTIP Outstanding:
2018	434.7		$	19.11
2017	156.4		19.70
Total Time-Based LTIP RSUs as of December 31, 2018	591.1

The Company recognized compensation expense related to the time-based LTIP RSUs of $4.3 million for the year ended December 31, 2018. As of December 31, 2018, the Company had $7.1 million of total deferred compensation expense related to non-vested time-based LTIP RSUs. The cost is recognized over the vesting period of the awards, as described above. No time-based LTIP RSUs vested during the year ended December 31, 2018.

Performance-based LTIP RSUs

The performance-based portion of the LTIP RSUs are scheduled to vest based on the achievement of certain Company performance metrics. The minimum percentage of the performance-based LTIP RSUs that are eligible to vest is 0%, with a target percentage of 100% vesting and a maximum percentage of 150% vesting. During the year ended December 31, 2018, performance-based LTIP RSUs granted to eligible employees and the grant date fair value per share related to the performance-based LTIP RSUs were as follows:



	Performance-Based LTIP RSUs (000s)		Weighted-Average Grant Date Fair Value per RSU
LTIP RSUs Granted:
2018	451.6		$	19.12
2017	165.5		19.70
Total Performance-Based LTIP RSUs granted	617.1
LTIP RSUs Forfeited:
2018	(16.9	)	$	19.19
2017	(9.1	)	19.70
Total Performance-Based LTIP RSUs forfeited	(26.0	)
LTIP Outstanding:
2018	434.7		$	19.11
2017	156.4		19.70
Total Performance-Based LTIP RSUs as of December 31, 2018	591.1

The Company recognized compensation expense related to the performance-based LTIP RSUs of $3.1 million for the year ended December 31, 2018. As of December 31, 2018, the Company had $8.3 million of total deferred compensation expense related to non-vested performance-based LTIP RSUs, which is recognized over the 3-year performance cycle of the performance-based 2018 LTIP RSUs and 2 years for the performance-based 2017 LTIP RSUs. No performance-based LTIP RSUs vested during the year ended December 31, 2018.

INCOME TAXES

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

INCOME TAXES

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



	Year Ended December 31,
	2018			2017
Loss from continuing operations before income taxes:
United States	$	(298.5	)	$	(190.7	)
Foreign	6.6			27.2
	$	(291.9	)	$	(163.5	)
Provision for income taxes:
United States federal	$	(27.2	)	$	7.0
State and local	(3.6		)	9.0
Foreign	33.0			5.8
	$	2.2		$	21.8
Current:
United States federal	$	(8.9	)	$	(20.2	)
State and local	(0.8		)	1.9
Foreign	10.2			17.5
	0.5			(0.8		)
Deferred:
United States federal	$	(18.3	)	$	27.2
State and local	(2.8		)	7.1
Foreign	22.8			(11.7		)
	$	1.7		$	22.6
Total Provision for income taxes	$	2.2		$	21.8

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., valuation allowances recorded in 2018 and other items including changes related to the Tax Act. 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 provision for income taxes of $2.2 million and of $21.8 million for the years ended December 31, 2018 and December 31, 2017, respectively. The $19.6 million decrease in the Company's provision for income taxes in 2018, as compared to 2017, was primarily due to: (i) the increased loss from continuing operations before income taxes, partially offset by the reduced benefit attributable to the U.S tax rate change from 35% to 21%; (ii) the mix and level of earnings; (iii) valuation allowances recorded in the current year; and (iv) other net changes resulting from the Tax Act, including (a) the U.S. tax on the Company's foreign earnings under the Global Intangible Low-Taxed Income ("GILTI") provisions of the Tax Act and Tax Act guidance issued in 2018, (b) the limitation on interest deductions, and (c) the reduction in the Company's deferred tax liability resulting from its reassessment of permanently reinvested foreign earnings.

The Company's effective tax rate for the year ended December 31, 2018 was lower than the federal statutory rate of 21%, primarily due to valuation allowances recorded in 2018, partially offset by the impact of reducing the Company's deferred tax liability from its reassessment of permanently reinvested foreign earnings.

The Tax Act enacted in December 2017 contained significant changes to the U.S. corporate income tax system, including a reduction of the federal corporate income tax rate from 35% to 21%, among other provisions. The Company was required to recognize the effect of the tax law changes, such as re-measuring its U.S. deferred tax assets and liabilities, in the period of enactment. In December 2017, the SEC also issued Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the 2017 Tax Act (“SAB 118”), which allowed the Company to record provisional amounts during a measurement period not to extend beyond one year from the enactment date. As of December 31, 2018, the Company's accounting for the following elements of the Tax Act was complete:

•

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 and recorded a one-time, non-cash charge of $47.9 million, with $30.3 million related to deferred balances carried as of January 1, 2017 and the remaining $17.6 million related to the deferred activity in the year ended December 31, 2017. No adjustment was made to this provisional amount during 2018.


•	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 in the year ended December 31, 2017. Therefore, the Company did not record a liability for the transition tax. No adjustment was made to this provisional amount during 2018.


•	In connection with the Company’s indefinite reinvestment assertion, a tax benefit of $7.7 million was recorded to adjust its deferred tax liabilities.


•	The Company concluded on the policy to record the taxes for the GILTI provision of the Tax Act as a period cost.


•	The Company concluded on the policy of tax law ordering for reflecting the realization of the net operating losses expected to offset future GILTI.

Prior to the Tax Act, the Company considered a portion of accumulated undistributed earnings in its non-U.S. subsidiaries to be indefinitely reinvested and a portion not indefinitely reinvested. To the extent not indefinitely reinvested, the Company had previously recorded a deferred tax liability. As of December 31, 2018, the Company is indefinitely reinvested in the accumulated undistributed earnings of all of its foreign subsidiaries. If earnings are repatriated, any excess of financial reporting over tax basis could be subject to federal, state and foreign withholding taxes. At this time, the determination of deferred tax liabilities on the amount of financial reporting over tax basis is not practicable.

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



	Year Ended December 31,
	2018			2017
Computed income tax benefit	$	(61.3	)	$	(57.2	)
State and local taxes, net of U.S. federal income tax benefit	(2.9		)	6.1
Foreign and U.S. tax effects attributable to operations outside the U.S.	(9.3		)	(6.5		)
Net establishment (release) of valuation allowance	75.0			(1.2		)
Net release of uncertain tax positions	(4.3		)	(2.8		)
Foreign dividends and earnings taxable in the U.S.	12.8			1.8
Impairment for which there is no tax benefit	4.3			0.4
Tax effect of basis reclassification	—			23.7
Impact of the Tax Act	(7.7		)	47.9
Other	(4.4		)	9.6
Total provision for income taxes	$	2.2		$	21.8

Deferred taxes are the result of temporary differences between the bases of assets and liabilities for financial reporting and income tax purposes. The Company's deferred tax assets and liabilities at December 31, 2018 and 2017 were comprised of the following:



	December 31,
	2018			2017
Deferred tax assets:
Inventories	$	23.6		$	21.2
Net operating loss carryforwards - U.S.	160.8			161.0
Net operating loss carryforwards - foreign	69.7			47.0
Disallowed Interest Carryover - U.S.	42.8			—
Employee benefits	53.6			54.5
Sales-related reserves	21.1			19.1
Foreign currency translation adjustment	1.1			10.3
Other	50.4			67.6
Total gross deferred tax assets	423.1			380.7
Less valuation allowance	(165.7		)	(90.7		)
Total deferred tax assets, net of valuation allowance	257.4			290.0
Deferred tax liabilities:
Plant, equipment and other assets	(32.6		)	(21.7		)
Intangibles	(81.5		)	(95.0		)
Other	(12.1		)	(36.0		)
Total gross deferred tax liabilities	(126.2		)	(152.7		)
Net deferred tax assets	$	131.2		$	137.3

In assessing the recoverability of its deferred tax assets, 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 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. The Company does have a valuation allowance on deferred tax assets associated with its activity in certain U.S. states and foreign jurisdictions. These conclusions regarding the establishment of valuation allowances on the Company's deferred tax assets as of the end 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.

A valuation allowance has been provided for those deferred tax assets for which, in the opinion of the Company's management, it was more likely than not that a benefit will not be realized. At December 31, 2018, the deferred tax valuation allowance primarily represented amounts for foreign jurisdictions where, as of the end of 2018, the Company had a three-year cumulative loss, and for certain U.S. jurisdictions where the Company had tax loss carryforwards and other tax attributes which may expire prior to being utilized. The deferred tax valuation allowance increased by $75.0 million and $9.3 million during 2018 and 2017, respectively. The increase in the deferred tax valuation allowance during 2018 was primarily associated with the interest deduction limitation and foreign and state tax loss carryforwards for which the Company has determined it is more likely than not that it will not receive a benefit. The increase in the deferred tax valuation allowance during 2017 was primarily associated with state tax loss carryforwards for which the Company has determined it is more likely than not that it will not receive a benefit.

As of December 31, 2018, the Company had domestic (federal) and foreign net operating loss carryforwards of $835.3 million, of which $284.3 million are foreign and $551 million are domestic (federal). These losses expire in future years as follows: 2019- $1.2 million; 2020- $1.0 million; 2021- $0.2 million; and 2022 and beyond- $564.7 million; and unlimited- $268.2 million. The Company also has certain state net operating loss carryforwards that expire between 2019 and 2037. The Company could receive the benefit of such tax loss carryforwards only to the extent it has taxable income during the carryforward periods in the applicable tax jurisdictions. As of December 31, 2018, there were no consolidated federal net operating losses available from the MacAndrews & Forbes Group (as hereinafter defined) from periods prior to the March 25, 2004 deconsolidation (as described below). The Company has acquired entities that had carryforward balances for tax losses, tax credits and other tax attributes at the time of the acquisition. U.S. federal and certain state and foreign jurisdictions impose limitations on the amount of these tax losses, tax credits and other carryforward balances that may be utilized after an acquisition. The Company has evaluated the impact of these limitations and has established a valuation allowance to reduce the deferred tax assets to the amount that the Company expects will be realized.

The Company remains subject to examination of its income tax returns in various jurisdictions, including, without limitation: Spain for the tax years ended December 31, 2008 and forward; the U.S. (federal) for the tax years ended June 30, 2015 and forward; Canada for the tax years ended December 31, 2011 and forward; Australia for the tax years ended December 31, 2014 and forward; Switzerland for the tax years ended June 30, 2014 and forward; and South Africa and the U.K. for the tax years ended December 31, 2015 and forward.

At December 31, 2018 and 2017, the Company had unrecognized tax benefits of $74.7 million and $84.9 million, respectively, including $9.8 million and $9 million, respectively, of accrued interest and penalties. Of the $74.7 million of unrecognized tax benefits as of December 31, 2018, $33.5 million would affect the Company's effective tax rate, if recognized, and the remaining $41.2 million would affect the Company's deferred tax accounts. The Company classifies interest and penalties as a component of the provision for income taxes. The Company recognized in the Consolidated Statements of Operations and Comprehensive (Loss) Income an expense of $0.8 million in 2018 and a benefit of $1.6 million in 2017, respectively.

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



	Tax			Interest and Penalties			Total
Balance at January 1, 2017	$	82.7		$	10.6		$	93.3
Increase based on tax positions taken in a prior year	9.1			1.5			10.6
Decrease based on tax positions taken in a prior year ^(a)	(19.6		)	(1.5		)	(21.1		)
Increase based on tax positions taken in the current year	11.0			0.2			11.2
Decrease resulting from the lapse of statutes of limitations	(7.3		)	(1.8		)	(9.1		)
Balance at December 31, 2017	75.9			9.0			84.9
Increase based on tax positions taken in a prior year	2.8			5.4			8.2
Decrease based on tax positions taken in a prior year	(15.5		)	(3.8		)	(19.3		)
Increase based on tax positions taken in the current year	6.5			0.2			6.7
Decrease resulting from the lapse of statutes of limitations	(4.8		)	(1.0		)	(5.8		)
Balance at December 31, 2018	$	64.9		$	9.8		$	74.7


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

In addition, the Company believes that it is reasonably possible that its unrecognized tax benefits during 2019 will decrease by approximately $5.7 million due to the resolution of audits and the expiration of statutes of limitation.

As a result of the closing of the 2004 Revlon Exchange Transactions (as hereinafter defined in Note 21, "Related Party Transactions - Tax Sharing Agreements"), as of March 25, 2004, Revlon, Products Corporation and their U.S. subsidiaries were no longer included in the affiliated group of which MacAndrews & Forbes was the common parent (the "MacAndrews & Forbes Group") for federal income tax purposes. Revlon Holdings (as hereinafter defined in Note 21, "Related Party Transactions - Transfer Agreements"), Revlon, Products Corporation and certain of its subsidiaries, and MacAndrews & Forbes Incorporated entered into a tax sharing agreement (as subsequently amended and restated, the "MacAndrews & Forbes Tax Sharing Agreement"), for taxable periods beginning on or after January 1, 1992 through and including March 25, 2004, during which Revlon and Products Corporation or a subsidiary of Products Corporation was a member of the MacAndrews & Forbes Group. In these taxable periods, Revlon's and Products Corporation's federal taxable income and loss were included in such group's consolidated tax return filed by MacAndrews & Forbes Incorporated. During such period, Revlon and Products Corporation were also included in certain state and local tax returns of MacAndrews & Forbes Incorporated or its subsidiaries. Revlon and Products Corporation remain liable under the MacAndrews & Forbes Tax Sharing Agreement for all such taxable periods through and including March 25, 2004 for amounts determined to be due as a result of a redetermination arising from an audit or otherwise, equal to the taxes that Revlon or Products Corporation would otherwise have had to pay if it were to have filed separate federal, state or local income tax returns for such periods.

MacAndrews & Forbes’ current ownership does not require the Company to file a U.S. federal consolidated tax return with them. However, in certain U.S. states and in certain local and foreign jurisdictions the Company is required to file consolidated, combined, unitary or similar returns. The liability for these state, local and foreign liabilities is also governed by the MacAndrews & Forbes Tax Sharing Agreement. The Company accounts for its tax liabilities in these jurisdictions as if it were a separate filer, and the Company's tax accounts are presented as if it were a separate filer. During 2018, the Company's cash tax payments included $1.1 million of payments made to MacAndrews & Forbes in connection with these filings, and the Company's ending tax asset, which is a component of prepaid and other current assets, included $0.7 million related to future payments to be received from MacAndrews & Forbes in connection with these filings.

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

There were no U.S. federal tax payments or payments in lieu of taxes from Revlon pursuant to the MacAndrews & Forbes Tax Sharing Agreement in 2018 or 2017 with respect to periods covered by the MacAndrews & Forbes Tax Sharing Agreement, and the Company expects that there will not be any such payments in 2019. During 2018, there were no federal tax payments from Products Corporation to Revlon pursuant to the Revlon Tax Sharing Agreement with respect to 2018 or 2017. During 2017, there were no federal tax payments from Products Corporation to Revlon pursuant to the Revlon Tax Sharing Agreement with respect to 2017 or 2016. The Company expects that there will be no U.S. federal tax payments from Products Corporation to Revlon pursuant to the Revlon Tax Sharing Agreement during 2019 with respect to 2018.

Pursuant to the asset transfer agreement referred to in Note 21, "Related Party Transactions - Transfer Agreements," Products Corporation assumed all tax liabilities of Revlon Holdings other than (i) certain income tax liabilities arising prior to January 1, 1992 to the extent such liabilities exceeded the reserves on Revlon Holdings' books as of January 1, 1992 or were not of the nature reserved for and (ii) other tax liabilities to the extent such liabilities are related to the business and assets retained by Revlon Holdings.

ACCUMULATED OTHER COMPREHENSIVE LOSS

12 Months Ended

Dec. 31, 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 December 31, 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, 2017	$	(24.0	)	$	(224.4	)	$	(3.0	)	$	(0.3	)	$	(251.7	)
Foreign currency translation adjustment, net of tax of $0.4 million	9.0			—			—			—			9.0
Amortization of pension related costs, net of tax of $(1.6) million^(a)	—			8.1			—			—			8.1
Pension re-measurement, net of tax of $0.3 million	—			1.8			—			—			1.8
Amortization of deferred losses related to the de-designated 2013 Interest Rate Swap, net of tax of $1.4 million^(b)	—			—			2.3			—			2.3
Curtailment gain, net of tax of $(0.3) million^(d)	—			2.1			—			—			2.1
Other comprehensive income	$	9.0		$	12.0		$	2.3		$	—		$	23.3
Balance at December 31, 2017	$	(15.0	)	$	(212.4	)	$	(0.7	)	$	(0.3	)	$	(228.4	)
Foreign currency translation adjustment, net of tax of $0.1 million	(9.4		)	—			—			—			(9.4		)
Amortization of pension related costs, net of tax of $(1.0) million^(a)	—			8.4			—			—			8.4
Pension re-measurement, net of tax of $2.5 million				(5.5		)							(5.5		)
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	$	(9.4	)	$	2.9		$	0.7		$	—		$	(5.8	)
Balance at December 31, 2018	$	(24.4	)	$	(209.5	)	$	—		$	(0.3	)	$	(234.2	)

^(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 13, "Pension and Post-retirement Benefits," for further discussion of the Company’s pension and other post-retirement plans.


^(b)	See Note 12, "Financial Instruments," for further discussion of the 2013 Interest Rate Swap, which expired in May 2018.

As shown above, other comprehensive income includes changes in the fair value of the 2013 Interest Rate Swap prior to the De-designation Date. The following is a roll-forward of the amounts reclassified out of accumulated other comprehensive loss into earnings during the year ended December 31, 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 December 31, 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 year ended December 31, 2017:



	2013 Interest Rate Swap
Beginning accumulated losses at January 1, 2017	$	(3.0	)
Reclassifications into earnings (net of $1.4 million tax benefit)^(a)	2.3
Ending accumulated losses at December 31, 2017	$	(0.7	)

^(a) Reclassified to interest expense.

STOCKHOLDERS' DEFICIENCY

12 Months Ended

Dec. 31, 2018

Equity [Abstract]

STOCKHOLDERS' DEFICIENCY

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



	Class A Common Stock		Treasury Stock
Balance, January 1, 2017	53,956,073		1,024,908
Restricted stock grants	853,111		—
Restricted stock forfeitures	(253,084	)	—
Withholding of restricted stock to satisfy taxes	—		89,620
Balance, December 31, 2017	54,556,100		1,114,528
Restricted stock grants^(a)	1,303,883		—
Restricted stock forfeitures ^(b)	(303,517	)	251,495
Withholding of restricted stock to satisfy taxes	—		167,297
Balance, December 31, 2018	55,556,466		1,533,320

^(a)The 2018 grants include 69,767 restricted stock awards and 1,234,116 RSUs, the latter granted pursuant to the Long-Term Incentive Program under the Stock Plan, as discussed below.

^(b)2018 restricted stock forfeitures include 251,495 unvested restricted stock awards and 52,022 unvested RSUs.

Common Stock

As of December 31, 2018, Revlon's authorized common stock consisted of 900 million shares of Class A Common Stock, with a par value of $0.01 per share (the "Class A Common Stock"), and 200 million shares of Class B common stock, par value $0.01 per share ("Class B Common Stock" and together with the Class A Common Stock, the "Common Stock").

As of December 31, 2018, MacAndrews & Forbes beneficially owned approximately 85.8% of Revlon's Class A Common Stock, which at such date was Revlon's only class of capital stock outstanding.

Treasury Stock

Pursuant to the share withholding provisions of the Stock Plan, during 2018 the Company withheld a total of 167,297 shares of Revlon Class A Common Stock to satisfy its minimum statutory tax withholding requirements related to the vesting of shares of restricted stock. These shares were recorded as treasury stock using the cost method, at a weighted average of $21.42 per share, based on the NYSE closing price per share on each applicable vesting date, for a total of $3.6 million. In addition, during 2018, the Company transferred to treasury stock 251,495 unvested restricted shares forfeited upon the departure of certain executives. These shares were recorded as treasury stock using the cost method, at a weighted average price of $26.26 per share, based on the grant date fair values of the forfeited shares, for a total of $6.6 million. During 2017 the Company withheld a total of 89,620 shares of Revlon Class A Common Stock to satisfy its minimum statutory tax withholding requirements related to the vesting of shares of restricted stock. These shares were recorded as treasury stock using the cost method, at a weighted average of $27.67 per share, based on the NYSE closing price per share on each applicable vesting date, for a total of $2.5 million.

SEGMENT DATA AND RELATED INFORMATION

12 Months Ended

Dec. 31, 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 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 brand-centric reporting segments, in line with its organizational structure that is operated based on four global brand teams. As a result, segment financial data for the year ended December 31, 2017 has been recast from what was presented in previous filings and presented under the new organizational structure.

As of December 31, 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 and specialty cosmetic stores in the U.S. and internationally under brands such as Revlon in color cosmetics; Revlon ColorSilk and Revlon Professional in hair color; and Revlon in beauty tools.

•

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 website, 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; American Crew in men's grooming products (which are also sold direct-to-consumer on its americancrew.com website); CND in nail polishes, gel nail color and nail enhancements; Cutex nail care products; Pure Ice in nail polishes; 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 (which are also sold direct-to-consumer on its juicycouturebeauty.com website), Britney Spears, Elizabeth Taylor, Curve, John Varvatos, Christina Aguilera, Giorgio Beverly Hills, Ed Hardy, Charlie, Lucky Brand, Paul Sebastian, Alfred Sung, Jennifer Aniston, Mariah Carey, Halston, Geoffrey Beene, La Perla, White Shoulders, AllSaints and Wildfox.

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, and 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, stock-based compensation expense, 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 Consolidated Financial Statements; thus, no additional information regarding assets and liabilities of the Company’s reportable segments is produced for the Company's Chief Executive Officer or included in these Consolidated Financial Statements.

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



	Year Ended December 31,
	2018			2017
Segment Net Sales:
Revlon	$	998.3		$	1,089.3
Elizabeth Arden	490.2			433.8
Portfolio	564.6			592.5
Fragrances	511.4			578.1
Total	$	2,564.5		$	2,693.7

Segment Profit:
Revlon	$	129.6		$	180.1
Elizabeth Arden	24.4			6.9
Portfolio	7.9			8.1
Fragrances	76.0			62.2
Total	$	237.9		$	257.3

Reconciliation:
Total Segment Profit	$	237.9		$	257.3
Less:
Depreciation and amortization	177.2			155.8
Non-cash stock compensation expense	17.2			6.8
Non-Operating items:
Restructuring and related charges	23.1			34.5
Acquisition and integration costs	13.9			52.9
Loss on disposal of minority investment	20.1			—
Oxford SAP disruption-related charges	53.6			—
Elizabeth Arden 2016 Business Transformation Program	—			1.1
Elizabeth Arden inventory purchase accounting adjustment, cost of sales	—			17.2
Impairment charge	18.0			10.8
Deferred compensation	—			2.0
Operating loss	(85.2		)	(23.8		)
Less:
Interest Expense	176.6			149.8
Amortization of debt issuance costs	13.0			9.1
Foreign currency losses (gains), net	15.8			(18.5		)
Miscellaneous, net	1.3			(0.7		)
Loss from continuing operations before income taxes	$	(291.9	)	$	(163.5	)

As of December 31, 2018, the Company had operations established in approximately 25 countries outside of the U.S. and its products are sold throughout the world. Generally, net sales by geographic area are presented by attributing revenues from external customers on the basis of where the products are sold. Walmart and its affiliates worldwide accounted for approximately 15% and 16% of the Company’s worldwide net sales in 2018 and 2017, respectively, and such sales are primarily included within the net sales of the Consumer segment.

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:




	Year Ended December 31, 2018
	Revlon		Elizabeth Arden		Portfolio		Fragrances		Total
Geographic Area:
Net Sales
North America	$	522.3	$	135.6	$	350.4	$	345.9	$	1,354.2
EMEA*	226.0		201.0		170.6		120.0		717.6
Asia	105.1		119.5		4.0		12.9		241.5
Latin America*	70.5		11.4		25.7		15.6		123.2
Pacific*	74.4		22.7		13.9		17.0		128.0
	$	998.3	$	490.2	$	564.6	$	511.4	$	2,564.5




	Year Ended December 31, 2017
	Revlon		Elizabeth Arden		Portfolio		Fragrances		Total
Geographic Area:
Net Sales
North America	$	581.7	$	136.5	$	337.9	$	377.2	$	1,433.3
EMEA*	227.4		175.5		198.2		152.5		753.6
Asia	108.7		88.5		9.4		12.9		219.5
Latin America*	87.7		10.2		32.9		16.6		147.4
Pacific*	83.8		23.1		14.1		18.9		139.9
	$	1,089.3	$	433.8	$	592.5	$	578.1	$	2,693.7

* 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.



	Year Ended December 31,
	2018			2017
Classes of similar products:
Net sales:
Color cosmetics	$	848.7	33%	$	955.3	35%
Fragrance	679.2		26%	731.3		27%
Hair care	529.3		21%	517.3		19%
Beauty care	200.4		8%	262.4		10%
Skin care	306.9		12%	227.4		8%
	$	2,564.5		$	2,693.7

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



	December 31, 2018			December 31, 2017
Long-lived assets, net:
United States	$	1,416.2	84%	$	1,480.1	83%
International	275.0		16%	295.6		17%
	$	1,691.2		$	1,775.7

BASIC AND DILUTED EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 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, RSUs and LTIP RSUs under the Company’s Stock Plan using the treasury stock method. For the year ended December 31, 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 December 31, 2018 and 2017, there were no outstanding stock options under the Company's Stock Plan. See Note 14, "Stock Compensation Plan," for information on the LTIP RSUs.

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



	Year Ended December 31,
	2018			2017
Numerator:
Loss from continuing operations, net of taxes	$	(294.1	)	$	(185.3	)
(Loss) income from discontinued operations, net of taxes	(0.1		)	2.1
Net loss	$	(294.2	)	$	(183.2	)
Denominator:
Weighted-average common shares outstanding – Basic	52,797,686			52,597,582
Effect of dilutive restricted stock	—			—
Weighted-average common shares outstanding – Diluted	52,797,686			52,597,582
Basic (loss) earnings per common share:
Continuing operations	$	(5.57	)	$	(3.52	)
Discontinued operations	—			0.04
Net loss per common share	$	(5.57	)	$	(3.48	)
Diluted (loss) earnings per common share:
Continuing operations	$	(5.57	)	$	(3.52	)
Discontinued operations	—			0.04
Net loss per common share	$	(5.57	)	$	(3.48	)

Unvested restricted stock and RSUs under the Stock Plan^(a)	272,298			20,804


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

CONTINGENCIES

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

CONTINGENCIES

Products Corporation currently leases facilities for executive offices, warehousing, research and development and sales operations and leases various types of equipment under operating and capital lease agreements. Rental expense was $46.5 million and $41.6 million for 2018 and 2017, respectively. Minimum rental commitments under all non-cancelable leases, including those pertaining to idled facilities, are presented in the following table:



Minimum Rental Commitments	Total		2019		2020		2021		2022		2023		Thereafter
Capital leases	$	2.6	$	1.1	$	0.6	$	0.3	$	0.2	$	0.2	$	0.2
Operating leases	204.7		42.5		33.8		29.8		22.6		18.5		57.5

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

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

By Order dated August 4, 2016, all five cases were consolidated by the Court into a Consolidated Amended Class Action. Thereafter, on August 11, 2016, a Consolidated Amended Class Action Complaint was filed, seeking to enjoin defendants from consummating the Merger and/or from soliciting shareholder votes. To the extent that the Merger was consummated, the Consolidated Amended Class Action Complaint seeks to rescind the Merger or recover rescissory or other compensatory damages, along with costs and fees. The grounds for relief set forth in the Consolidated Amended Class Action Complaint in large part track those grounds as asserted in the five individual complaints, as previously disclosed. After several rounds of amended complaints and corresponding motions to dismiss granted by the Court, plaintiffs voluntarily dismissed the appeal with prejudice on November 15, 2018. The matter is now concluded.

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

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Dec. 31, 2018
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS As of December 31, 2018, MacAndrews & Forbes beneficially owned approximately 85.8% of Revlon's Class A Common Stock, which at such date was Revlon's only class of capital stock outstanding. As a result, MacAndrews & Forbes is able to elect Revlon’s entire Board of Directors and control the vote on all matters submitted to a vote of Revlon's stockholders. MacAndrews & Forbes is beneficially owned by Ronald O. Perelman. Mr. Perelman is Chairman of Revlon’s and Product Corporation's Board of Directors. Transfer Agreements In June 1992, Revlon and Products Corporation entered into an asset transfer agreement with Revlon Holdings LLC, a Delaware limited liability company and formerly a Delaware corporation known as Revlon Holdings Inc. ("Revlon Holdings"), and which is an affiliate and an indirect wholly-owned subsidiary of MacAndrews & Forbes, and certain of Revlon Holdings’ wholly-owned subsidiaries. Revlon and Products Corporation also entered into a real property asset transfer agreement with Revlon Holdings. Pursuant to such agreements, in June 1992, Revlon Holdings transferred certain assets to Products Corporation and Products Corporation assumed all of the liabilities of Revlon Holdings, other than certain specifically excluded assets and liabilities (the liabilities excluded are referred to as the "Excluded Liabilities"). Certain consumer products lines sold in demonstrator-assisted retailers considered not integral to the Company's business and that historically had not been profitable and certain other assets and liabilities were retained by Revlon Holdings. Revlon Holdings agreed to indemnify Revlon and Products Corporation against losses arising from the Excluded Liabilities, and Revlon and Products Corporation agreed to indemnify Revlon Holdings against losses arising from the liabilities assumed by Products Corporation. The amounts reimbursed by Revlon Holdings to Products Corporation for the Excluded Liabilities was $0.2 million and $0.3 million for 2018 and 2017, respectively. A receivable balance of $0.4 million from, and a payable balance of $0.2 million to, MacAndrews & Forbes was included within accrued expenses and other in the Company’s Consolidated Balance Sheets for transactions subject to the Transfer Agreements at December 31, 2018 and 2017, respectively. 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 2018 and 2017 was $0.6 million income and $3.8 million expense, respectively. The purchases during 2018 primarily included third party services purchased by MacAndrews & Forbes. The purchases during 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 December 31, 2018 and December 31, 2017, a receivable balance of $0.3 million from, and a payable balance of $0.3 million to, MacAndrews & Forbes, respectively, were included in the Company's Consolidated Balance Sheet for transactions subject to the Reimbursement Agreements. Tax Sharing Agreements As a result of a debt-for-equity exchange transaction completed in March 2004 (the "2004 Revlon Exchange Transactions"), as of March 25, 2004, Revlon, Products Corporation and their U.S. subsidiaries were no longer included in the MacAndrews & Forbes Group for U.S. federal income tax purposes. See Note 15, "Income Taxes," for further discussion on these agreements and related transactions in 2018 and 2017. Registration Rights Agreement Prior to the consummation of Revlon's initial public equity offering in February 1996, Revlon and Revlon Worldwide Corporation (which subsequently merged into REV Holdings LLC, a Delaware limited liability company and a wholly-owned subsidiary of MacAndrews & Forbes ("REV Holdings")), the then direct parent of Revlon entered into a registration rights agreement (the "Registration Rights Agreement"). In February 2003, MacAndrews & Forbes executed a joinder agreement to the Registration Rights Agreement, pursuant to which REV Holdings, MacAndrews & Forbes and certain transferees of Revlon's Common Stock held by REV Holdings (the "Holders") have the right to require Revlon to register under the Securities Act all or part of the Class A Common Stock owned by such Holders, including, without limitation, the shares of Class A Common Stock purchased by MacAndrews & Forbes in connection with Revlon's 2003 $50.0 million equity rights offering and the shares of Class A Common Stock which were issued to REV Holdings upon its conversion of all 3,125,000 shares of its Class B Common Stock in October 2013 (a "Demand Registration"). In connection with closing the 2004 Revlon Exchange Transactions and pursuant to the 2004 Investment Agreement, MacAndrews & Forbes executed a joinder agreement that provided that MacAndrews & Forbes would also be a Holder under the Registration Rights Agreement and that all shares acquired by MacAndrews & Forbes pursuant to the 2004 Investment Agreement are deemed to be registrable securities under the Registration Rights Agreement. This included all of the shares of Class A Common Stock acquired by MacAndrews & Forbes in connection with Revlon’s March 2006 $110 million rights offering of shares of its Class A Common Stock and related private placement to MacAndrews & Forbes, and Revlon’s January 2007 $100 million rights offering of shares of its Class A Common Stock and related private placement to MacAndrews & Forbes. Pursuant to the Registration Rights Agreement, in 2009 Revlon registered under the Securities Act all 9,336,905 shares of Class A Common Stock issued to MacAndrews & Forbes in the 2009 Exchange Offer, in which, among other things, Revlon issued to MacAndrews & Forbes shares of Class A Common Stock at a ratio of one share of Class A Common Stock for each $5.21 of outstanding principal amount of the then-outstanding Senior Subordinated Term Loan that MacAndrews & Forbes contributed to Revlon. Revlon may postpone giving effect to a Demand Registration for a period of up to 30 days if Revlon believes such registration might have a material adverse effect on any plan or proposal by Revlon with respect to any financing, acquisition, recapitalization, reorganization or other material transaction, or if Revlon is in possession of material non-public information that, if publicly disclosed, could result in a material disruption of a major corporate development or transaction then pending or in progress or could result in other material adverse consequences to Revlon. In addition, the Holders have the right to participate in registrations by Revlon of its Class A Common Stock (a "Piggyback Registration"). The Holders will pay all out-of-pocket expenses incurred in connection with any Demand Registration. Revlon will pay any expenses incurred in connection with a Piggyback Registration, except for underwriting discounts, commissions and expenses attributable to the shares of Class A Common Stock sold by such Holders. 2018 Senior Line of Credit Facility See Note 10, "Long-term Debt," regarding the 2018 Senior Line of Credit Agreement between Products Corporation and MacAndrews & Forbes. Other Certain of Products Corporation’s debt obligations, including the 2016 Credit Agreements and Products Corporation's Senior Notes, have been, and may in the future be, supported by, among other things, guarantees from all of Products Corporation's domestic subsidiaries (subject to certain limited exceptions) and, for the 2016 Credit Agreements, guarantees from Revlon. The obligations under such guarantees are secured by, among other things, all of the capital stock of Products Corporation and, its domestic subsidiaries (subject to certain limited exceptions) and 66% of the capital stock of Products Corporation's and its domestic subsidiaries' first-tier foreign subsidiaries. See Note 10, "Long Term Debt," for a discussion of the terms of the 2016 Credit Agreements and Senior Notes. As previously reported in a Current Report on Form 8-K filed with the SEC on May 23, 2018, effective May 22, 2018, the Board of Directors elected Debra G. Perelman as the Company's President and Chief Executive Officer. Ms. Perelman is the daughter of Ronald O. Perelman, the Chairman of Revlon's and Product Corporation's Board of Directors. As previously disclosed in a Current Report on Form 8-K filed with the SEC on November 19, 2018, Revlon and RCPC entered into an amended and restated employment agreement with Ms. Perelman (the “CEO Employment Agreement”) on November 16, 2018 to reflect her role as the Company’s President and CEO. The term of the CEO Employment Agreement is at will and provides that Ms. Perelman will receive an annual base salary of not less than $1,125,000, with a target annual bonus opportunity of 100% of her base salary (the “CEO Target Bonus”) under the Revlon Amended and Restated Executive Incentive Compensation Plan (the “Incentive Compensation Plan”), with the possibility of exceeding such amount based upon over-achievement of the Company’s performance objectives, up to a maximum of 200% of her base salary. Pursuant to the CEO Employment Agreement, Ms. Perelman is eligible to participate in the Company’s annual LTIP programs. Upon execution of the CEO Employment Agreement, Ms. Perelman received a 2018 LTIP award in the form of RSUs with a total target value of $2,915,068 in recognition of her services as the Company’s CEO during 2018, 50% of which are time-based RSUs that are scheduled to vest ratably over a 3-year service period, with the balance being performance-based RSUs that are scheduled to cliff-vest at the completion of the 3-year performance period. Pursuant to the CEO Employment Agreement, Ms. Perelman is scheduled to receive a 2019 LTIP award with a total target value of $4,750,000 and she is also eligible to participate in other benefit and perquisites plans generally made available to the Company’s other senior executives at her level and to continue her participation in the MacAndrews & Forbes basic and executive health insurance plans. Pursuant to the CEO Employment Agreement, (i) if the Company terminates Ms. Perelman’s employment without “cause” or if she resigns for “good reason,” she is eligible to receive: (A) her annual base salary plus prior year bonus (paid in equal installments over a 12-month period); (B) her annual bonus with respect to the year prior to the year of termination (if not already paid as of any such termination date) (the “CEO Prior Year Bonus”); (C) her annual bonus with respect to the year of termination, based on actual performance and pro-rated for the number of days actually worked during such year (the “CEO Pro-Rated Bonus”); and (D) accelerated vesting of the time-based portion of any outstanding LTIP awards, but any performance-based portions of such awards remain subject to achievement of the applicable performance goals; and (ii) if the Company terminates Ms. Perelman’s employment without “cause” or if she resigns for “good reason” within a 24-month period following a change of control, she is eligible to receive: (A) a lump-sum payment equal to two times her base salary plus prior year bonus; (B) the CEO Prior Year Bonus; (C) the CEO Pro-Rated Bonus; and (D) accelerated vesting of the time-based and performance-based portions of any outstanding LTIP awards. Prior to her election as the Company’s President and CEO, since January 2018 Ms. Perelman served as the Company's Chief Operating Officer, overseeing certain aspects of the Company's marketing, sales and research & development functions. In connection with her prior COO role, as previously disclosed in Revlon’s 2017 Form 10-K, Revlon and RCPC entered into an employment agreement with Ms. Perelman (the “Superseded COO Employment Agreement”) on March 14, 2018, which was superseded by her CEO Employment Agreement, as described above. The Superseded COO Employment Agreement provided that as COO Ms. Perelman would receive an annual base salary of not less than $1,125,000, with a target annual bonus opportunity under the Incentive Compensation Plan of 100% of her base salary (the “COO Target Bonus”), with the possibility of exceeding such amount based upon over-achievement of the Company’s performance objectives, up to a maximum of 200% of her base salary. Pursuant to the Superseded COO Employment Agreement, Ms. Perelman was eligible to participate in the Company’s annual LTIP programs, with a $1,250,000 target annual award (the “COO LTIP Award”) and in other benefit and perquisites plans generally made available to the Company’s other senior executives at her level. If the Superseded COO Employment Agreement was terminated due to death, disability or without "cause," Ms. Perelman would have been eligible to receive: (i) her annual base salary (paid in equal installments over a period ranging from 12 to 18 months under the Revlon Executive Severance Pay Plan, depending on her length of service); (ii) her annual bonus with respect to the year prior to the year of termination (if not already paid as of the termination date); (iii) her annual bonus with respect to the year of termination, based on actual performance and pro-rated for the number of days actually worked during such year; and (iv) payment in respect of any outstanding LTIP awards, based on actual performance and pro-rated for the number of days actually worked during the applicable performance period. During the period that Ms. Perelman was transitioning from her full-time role at MacAndrews & Forbes to her position at Revlon as Chief Operating Officer (as of May 2018) and then President & Chief Executive Officer (as of November 2018), MacAndrews & Forbes continued to pay portions of her compensation, which payments totaled $594,349 during 2018. Prior to assuming these roles, Ms. Perelman served since December 2017 as EVP Strategy, Digital Content and New Business Development, which was carried out pursuant to a secondment arrangement between the Company and MacAndrews & Forbes, pursuant to which her compensation and benefits for such role were paid directly by MacAndrews & Forbes and not by the Company, except that the Company was responsible for applicable business and travel expenses incurred by Ms. Perelman. During 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 $18.9 million and $27.5 million of coupon redemptions for the Company's retail customers for 2018 and 2017, respectively, for which the Company paid fees of approximately $0.2 million for each of 2018 and 2017, and other similar advertising, coupon redemption and raw material supply services, for which the Company paid fees aggregating to approximately $0.9 million and $0.5 million for 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.

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Dec. 31, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS At December 31, 2018, the Company had a liquidity position of $160.3 million, consisting of: (i) $87.3 million of unrestricted cash and cash equivalents; (ii) $96.4 million in available borrowing capacity under Products Corporation's 2016 Revolving Credit Facility; and less (iii) $23.4 million of outstanding checks. Of the $96.4 million in available borrowing capacity under the 2016 Revolving Credit Facility, $41.5 million was available under Tranche B of such facility which was due to expire on April 17, 2019. In light of that, and given the level of the Company’s net cash used in operating activities in 2017 and 2018, on March 6, 2019, Products Corporation, Revlon and certain of their subsidiaries entered into Amendment No. 2 (“Amendment No. 2”) to the 2016 Revolving Credit Agreement (as amended by Amendment No. 2, the “Amended Revolving Credit Agreement”) in respect of the 2016 Revolving Credit Facility (as in effect after Amendment No. 2, the “Amended Revolving Credit Facility”). Pursuant to the terms of Amendment No. 2, the maturity date applicable to the $41.5 million senior secured first in, last out Tranche B of the Revolving Credit Facility was extended from April 17, 2019 to April 17, 2020. The 2016 Revolving Credit Agreement provides that the “Liquidity Amount” (defined in the 2016 Revolving Credit Agreement as the sum of each borrowing base less the sum of (x) the aggregate outstanding extensions of credit under the 2016 Revolving Credit Facility, and (y) any availability reserve in effect on such date) may exceed the aggregate commitments under the 2016 Revolving Credit Facility by up to 5%. Amendment No. 2 limits the Liquidity Amount to no more than the aggregate commitments under the Amended Revolving Credit Facility. Under the 2016 Revolving Credit Agreement, a “Liquidity Event Period” generally occurs if Products Corporation’s Liquidity Amount falls below the greater of $35 million and 10% of the maximum availability under the 2016 Revolving Credit Facility. Amendment No. 2 changes these thresholds to $50 million and 15%, respectively, solely for purposes of triggering certain notification obligations of Products Corporation, increased borrowing base reporting frequency and the ability of the administrative agent to apply amounts collected in controlled accounts for the repayment of loans under the Amended Revolving Credit Facility. After entering into Amendment No. 2, on March 7, 2019 Products Corporation’s availability under the Amended Revolving Credit Facility was $37.3 million, which was less than the greater of $35 million and 10% of the maximum availability under the Amended Revolving Credit Facility, which at such date equated to $41.3 million. Accordingly, effective beginning in March 2019 Products Corporation is required to maintain a FCCR of a minimum of 1.0 to 1.0 (which it currently satisfies), the administrative agent may apply amounts collected in controlled accounts for the repayment of loans under the Amended Revolving Credit Facility and Products Corporation is required to provide the administrative agent with weekly borrowing base certificates, in each case until such time that Products Corporation’s availability under the Amended Revolving Credit Facility is equal to or exceeds the greater of $35 million and 10% of the maximum availability under the Amended Revolving Credit Facility for at least 20 consecutive business days. Amendment No. 2 also adjusts, among other things, the “payment conditions” required to make unlimited restricted payments. After giving effect to Amendment No. 2 to the Amended Revolving Credit Facility, the Company believes that it continues to have sufficient liquidity to meet its cash needs for at least the next 12 months based upon the cash generated by its operations, cash on hand, availability under the 2016 Revolving Credit Facility and other permitted lines of credit, along with the option to further settle intercompany loans and payables with certain foreign subsidiaries. The Company also expects to generate additional liquidity from cost reductions resulting from the implementation of the 2018 Optimization Program, which was initiated during the fourth quarter of 2018, and cost reductions generated from other cost control initiatives.

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The preparation of the Company's Consolidated Financial Statements in conformity with U.S. generally accepted accounting principles ("U.S. GAAP") requires management to make estimates and assumptions that affect amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the financial statements and reported amounts of revenues and expenses during the periods presented. Actual results could differ from these estimates. Estimates and assumptions are reviewed periodically and the effects of revisions are reflected in the Consolidated Financial Statements in the period they are determined to be necessary. Significant estimates made in the accompanying Consolidated Financial Statements include, but are not limited to: allowances for doubtful accounts; inventory valuation reserves; expected sales returns and allowances; trade support costs; certain assumptions related to the valuation of acquired intangible and long-lived assets and the recoverability of goodwill, intangible and long-lived assets; income taxes, including deferred tax valuation allowances and reserves for estimated tax liabilities; restructuring costs; 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.
Discontinued Operations Presentation	Discontinued Operations Presentation As a result of the Company's decision on December 30, 2013 to exit its direct manufacturing, warehousing and sales business operations in mainland China within the Revlon segment effective December 31, 2013, the Company reports the results of its former China operations within income (loss) from discontinued operations, net of taxes in the Company's Consolidated Statements of Operations and Comprehensive (Loss) Income.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents include cash in banks and highly liquid investments with original maturity dates of three months or less.
Trade Receivables	Trade Receivables Trade receivables represent payments due to the Company for previously recognized net sales, reduced by an allowance for doubtful accounts for balances which are estimated to be uncollectible at period end. The Company grants credit terms in the normal course of business to its customers. Trade credit is extended based upon periodically updated evaluations of each customer's ability to perform its payment obligations. The Company does not normally require collateral or other security to support credit sales. The allowance for doubtful accounts is determined based on historical experience and ongoing evaluations of the Company's receivables and assessments of the risks of payment. The allowance for doubtful accounts is recorded against trade receivable balances when they are deemed uncollectible. Recoveries of trade receivables previously reserved are recorded in the consolidated statements of operations and comprehensive (loss) income when received.
Inventories	Inventories Inventories are stated at the lower of cost or net realizable value. Cost is based on standard cost and production variances, which approximates actual cost on the first-in, first-out method. Cost components include direct materials, direct labor and direct overhead, as well as in-bound freight. The Company records adjustments to the value of its inventory based upon its forecasted plans to sell products included in inventory, as well as planned product discontinuances. The physical condition (e.g., age and quality) of the inventories is also considered in establishing its valuation. These adjustments are estimates, which could vary significantly, either favorably or unfavorably, from the amounts that the Company may ultimately realize upon the disposition of inventories if future economic conditions, customer inventory levels, product discontinuances, sales return levels or competitive conditions differ from the Company's estimates and expectations.
Property, Plant and Equipment	Property, Plant and Equipment and Other Assets Property, plant and equipment is recorded at cost and is depreciated on a straight-line basis over the estimated useful lives of such assets as follows: land improvements, 20 to 30 years; buildings and improvements, 5 to 50 years; machinery and equipment, 3 to 15 years; counters and trade fixtures, 3 to 5 years; office furniture and fixtures, 3 to 15 years; and capitalized software, 2 to 10 years. Leasehold improvements and building improvements are amortized over their estimated useful lives or over the terms of the leases or remaining life of the original structure, whichever is shorter. Repairs and maintenance are charged to the statement of operations as incurred, and expenditures for additions and improvements are capitalized. Counters and trade fixtures are amortized over their estimated useful life of the in-store counter and display related assets. The estimated useful life may be subject to change based upon declines in net sales and/or changes in merchandising programs.
Other Assets	Included in other assets are permanent wall displays amounting to $110.6 million and $84.8 million as of December 31, 2018 and 2017, respectively, which are amortized generally over a period of 1 to 3 years. In the event of product discontinuances, from time-to-time, the Company may accelerate the amortization of related permanent wall displays based on the estimated remaining useful life of the asset.
Impairment of Long-Lived Assets	Long-lived assets, such as property, plant and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable. If events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable, the Company estimates the undiscounted future cash flows (excluding interest) resulting from the use of the asset and its ultimate disposition. If the sum of the undiscounted cash flows (excluding interest) is less than the carrying value, the Company recognizes an impairment loss, measured as the amount by which the carrying value exceeds the fair value of the asset.
Goodwill	Goodwill Goodwill represents the excess purchase price for businesses acquired over the fair value of net assets acquired. Goodwill is not amortized, but rather it is reviewed annually for impairment at the reporting unit level using October 1^st carrying values, or when there is evidence that events or changes in circumstances indicate that the Company’s carrying amount may not be recovered. For 2018, in assessing whether goodwill was impaired in connection with its annual impairment testing performed during the fourth quarter of 2018 using October 1st, 2018 carrying values, the Company performed qualitative assessments to determine whether it would be necessary to perform the two-step process, as prescribed by Financial Accounting Standards Board ("FASB"), Accounting Standard Codification ("ASC") 350, Intangibles - Goodwill and Other ("ASC 350"), to assess the Company's indefinite-lived intangible assets for indicators of impairment. In performing the qualitative assessments, the Company considered the results of the step one test performed in conjunction with the change in Company's reporting segments and the related reassignment of goodwill to the new reporting units that were identified as part of the Company's analysis in the first quarter of 2018, as well as the financial performance of these five reporting units: (i) Revlon; (ii) Elizabeth Arden Skin and Color; (iii) Elizabeth Arden Fragrances; (iv) Professional Portfolio; and (v) Fragrances. Based upon such assessment, the Company determined that it was more likely than not that the fair values of each of these reporting units exceeded their respective carrying amounts for 2018. For 2018, the Company used the simplified approach allowed under ASU No. 2017-04, "Simplifying the Test for Goodwill Impairment," to test its Mass Portfolio reporting unit for impairment. Accordingly, the Company first performed a qualitative assessment indicating that indicators of impairment existed for the Mass Portfolio reporting unit within the Portfolio segment. Following the results of such assessment and the adoption of ASU No. 2017-04 as of October 1, 2018, the Company recognized an $18.0 million non-cash goodwill impairment charge related to the Mass Portfolio reporting unit within the Portfolio segment in the fourth quarter of 2018. Following the recognition of this non-cash goodwill impairment charge, the Mass Portfolio reporting unit had $54.3 million in remaining goodwill as of December 31, 2018.
Intangible Assets, Net	Intangible Assets, net Intangible Assets, net, include trade names and trademarks, customer relationships, patents and internally developed intellectual property ("IP") and acquired licenses. Indefinite-lived intangible assets, consisting of certain trade names, are not amortized, but rather are tested for impairment annually during the fourth quarter using October 1^st carrying values, similar to goodwill, and the Company recognizes an impairment if the carrying amount of its intangible assets exceeds its fair value. Intangible assets with finite useful lives are amortized over their respective estimated useful lives to their estimated residual values. The Company writes off the gross carrying amount and accumulated amortization for intangible assets in the year in which the asset becomes fully amortized. Finite-lived intangible assets are considered for impairment under ASC 360-10, Impairment and Disposal of Long-Lived Assets ("ASC 360"), upon the occurrence of certain "triggering events" and the Company recognizes an impairment if the carrying amount of the long-lived asset group exceeds the Company's estimate of the asset group's undiscounted future cash flows.
Revenue Recognition and Sales Returns and Costs of Sales	Revenue Recognition and Sales Returns On January 1, 2018 the Company adopted Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers," using the modified retrospective method. Results for the reporting period beginning after January 1, 2018 are presented under this new guidance, while prior period amounts continue to be reported in accordance with the Company's historical 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 this guidance are consistent with the Company's revenue recognition policy under previous guidance. In accordance with the new guidance, the Company's policy is to recognize 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 programs 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 perceived 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. 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. While 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 expanded its financial statement disclosures as required by this new standard. See Note 18, "Segment Data and Related Information," for additional disclosures provided as a result of this ASU. Cost of Sales Cost of sales includes all of the costs to manufacture the Company's products. For products manufactured in the Company's own facilities, such costs include raw materials and supplies, direct labor and factory overhead. For products manufactured for the Company by third-party contractors, such cost represents the amounts invoiced by the contractors. Cost of sales also includes the cost of refurbishing products returned by customers that will be offered for resale and the cost of inventory write-downs associated with adjustments of held inventories to their net realizable value. These costs are reflected in the Company’s consolidated statements of operations and comprehensive (loss) income when the product is sold and net sales revenues are recognized or, in the case of inventory write-downs, when circumstances indicate that the carrying value of inventories is in excess of their recoverable value. Additionally, cost of sales reflects the costs associated with certain free products included as sales and promotional incentives. These incentive costs are recognized at the same time that the Company recognizes the related revenue.
Selling, General and Administrative Expenses	Selling, General and Administrative Expenses Selling, general and administrative ("SG&A") expenses include expenses to advertise the Company's products, such as television advertising production costs and air-time costs, print advertising costs, digital marketing costs, promotional displays and consumer promotions. SG&A expenses also include the amortization of permanent wall displays and finite-lived intangible assets, depreciation of certain fixed assets, distribution costs (such as freight and handling), non-manufacturing overhead (principally personnel and related expenses), selling and trade educations fees, insurance and professional service fees.
Advertising	Advertising Advertising within SG&A expenses includes television, print, digital marketing and other advertising production costs that are expensed the first time the advertising takes place. The costs of promotional displays are expensed in the period in which they are shipped to customers. Advertising expenses were $507.0 million and $550.0 million for 2018 and 2017, respectively, and were included in SG&A expenses in the Company's consolidated statements of operations and comprehensive (loss) income. The Company also has various arrangements with customers pursuant to its trade terms to reimburse them for a portion of their advertising costs, which provide advertising benefits to the Company. Additionally, from time-to-time, the Company may pay fees to customers in order to expand or maintain shelf space for its products. The costs that the Company incurs for "cooperative" advertising programs, end cap placement, shelf placement costs, slotting fees and marketing development funds, if any, are expensed as incurred and are recorded as a reduction within net sales.
Distribution Costs	Distribution Costs Costs associated with product distribution, such as freight and handling costs, are recorded within SG&A expenses when incurred. Distribution costs were $144.6 million and $131.1 million for 2018 and 2017, respectively.
Income Taxes	Income Taxes Income taxes are calculated using the asset and liability method. Under this method, the Company recognizes deferred tax assets and liabilities for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases, as well as for operating loss and tax credit carryforwards. The Company measures deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The Company recognizes the effect of a change in income tax rates on deferred tax assets and liabilities in income in the period that includes the enactment date. The Company records valuation allowances to reduce deferred tax assets when management determines that it was more likely than not that a tax benefit will not be realized. The Company recognizes a tax position in its financial statements when management determines that it was more likely than not that the position will be sustained upon examination, based on the merits of such position. The Company recognizes liabilities for unrecognized tax positions in the U.S. and other tax jurisdictions based on an estimate of whether and the extent to which additional taxes will be due. If payment of these amounts is ultimately not required, the reversal of the liabilities would result in additional tax benefits recognized in the period in which the Company determines that the liabilities are no longer required. If the estimate of tax liabilities is ultimately less than the final assessment, this will result in a further charge to expense. The Company recognizes interest and penalties related to income tax matters in income tax expense.
Research and Development	Research and Development Research and development expenditures are expensed as incurred and included within SG&A expenses.
Foreign Currency Translation	Foreign Currency Translation Assets and liabilities of foreign operations, whose functional currency is the local currency, are translated into U.S. Dollars at the rates of exchange in effect at the balance sheet date. Income and expense items are translated at the weighted-average exchange rates prevailing during each period presented. Gains and losses resulting from foreign currency transactions are included in the results of operations. Gains and losses resulting from translation of financial statements of foreign subsidiaries and branches operating in non-hyperinflationary economies are recorded as a component of accumulated other comprehensive loss until either the sale or upon the complete or substantially complete liquidation by the Company of its investment in a foreign entity. To the extent that foreign subsidiaries and branches operate in hyperinflationary economies, non-monetary assets and liabilities are translated at historical rates and translation adjustments are included in the Company's results of operations.
Basic and Diluted Earnings Per Common Share and Classes of Stock	Basic and Diluted Earnings per Common Share and Classes of Stock Shares used in basic earnings per share are computed using the weighted-average number of common shares outstanding during each period. Shares used in diluted earnings per share include the dilutive effect of unvested restricted shares and restricted stock units ("RSUs") issued under the Stock Plan using the treasury stock method. (See Note 19, "Basic and Diluted Earnings (Loss) Per Common Share").
Share-based Compensation	Stock-Based Compensation The Company recognizes stock-based compensation costs for its restricted stock and restricted stock units, measured at the fair value of each award at the time of grant, as an expense over the period during which an employee is required to provide service. Upon the vesting of restricted stock and RSUs, any resulting tax benefits are recognized in the consolidated statements of operations and comprehensive (loss) income as the awards vest or are settled. The Company reflects such excess tax benefits as cash flows from financing activities in the consolidated statements of cash flows. The Company accounts for forfeitures as a reduction of compensation cost in the period when such forfeitures occur.
Derivative Financial Instruments	Derivative Financial Instruments The Company is exposed to certain risks relating to its ongoing business operations. The Company may, from time-to-time, use derivative financial instruments, including: (i) foreign currency forward exchange contracts ("FX Contracts") intended for the purpose of managing foreign currency exchange risk by reducing the effects of fluctuations in foreign currency exchange rates on the Company’s net cash flows; and (ii) interest rate hedging transactions intended for the purpose of managing interest rate risk associated with Products Corporation’s variable rate indebtedness. Foreign Currency Forward Exchange Contracts Products Corporation may, from time-to-time, enter into FX Contracts primarily to hedge the anticipated net cash flows resulting from inventory purchases and intercompany payments denominated in currencies other than the local currencies of the Company’s foreign and domestic operations and generally have maturities of less than one year. The Company does not apply hedge accounting to its FX Contracts. The Company records FX Contracts in its consolidated balance sheet at fair value and immediately recognizes changes in fair value in earnings. Fair value of the Company’s FX Contracts is determined by using observable market transactions of spot and forward rates. At December 31, 2018, the Company had no outstanding FX Contracts. See Note 12, "Financial Instruments," for further information on the Company's FX Contracts. Interest Rate Swap As a result of the Company completing several debt transactions in connection with the September 7, 2016 acquisition of Elizabeth Arden, Inc. ("Elizabeth Arden," the "Elizabeth Arden Acquisition" and the "Elizabeth Arden Acquisition Date," respectively), the critical terms of the 2013 Interest Rate Swap (as hereinafter defined) no longer matched the terms of the underlying debt and the 2013 Interest Rate Swap was determined to no longer be highly effective. Accordingly, the Company discontinued hedge accounting for the 2013 Interest Rate Swap during the third quarter of 2016. Following this de-designation, changes in the fair value of the 2013 Interest Rate Swap were accounted for as a component of other non-operating expenses.
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, "Revenue from Contracts with Customers". As previously noted, 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. 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 "Revenue Recognition and Sales Returns" above within this Note 1, "Description of Business and Summary of Significant Accounting Policies," as well as Note 18, "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 income of $1.5 million for the year ended December 31, 2017, as previously reported in cost of sales and SG&A expenses in the Company's Consolidated Statement of Operations and Comprehensive (Loss) Income, being reclassified below operating income in the miscellaneous, net line item. See Note 13, "Pension and Post-Retirement Benefits," for more information. In January 2017, the FASB issued ASU No. 2017-04, "Simplifying the Test for Goodwill Impairment," which simplifies the annual goodwill impairment analysis test by eliminating Step 2 of the current two-step impairment test. Under the new guidance, an entity continues to perform the first step of the annual impairment test by comparing the carrying amount of a reporting unit with its fair value. If the carrying value of the reporting unit exceeds the fair value of the reporting unit, the goodwill impairment charge is equal to the amount of such difference. This guidance is effective for annual periods beginning after December 15, 2019, with early adoption permitted. The Company adopted ASU No. 2017-04 beginning as of October 1, 2018 and recorded a goodwill impairment of $18.0 million related to the Mass Portfolio reporting unit within the Portfolio segment in connection with its annual impairment analysis (see Note 7, "Goodwill and Intangible Assets, Net," for further information on the Company's goodwill and annual impairment testing). 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 adopted ASU No. 2016-02 beginning as of January 1, 2019, using a simplified transition approach. In addition, the Company elected to apply the package of practical expedients identified under Topic 842. The Company has identified the population of leases to which the guidance applies and has started implementing changes in its systems, procedures and controls relating to how lease information is obtained, processed and analyzed. Based on its preliminary assessment, the Company expects that the adoption of this standard will result in a material increase in the lease-related assets and liabilities on its balance sheet, but expects minimal impact to its statement of operations and cash flows. The Company will be implementing changes to its financial statements and related disclosures in its Quarterly Report on Form 10-Q for the fiscal quarter ending March 31, 2019. In June 2016, the FASB issued ASU No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments," which was subsequently amended in November 2018, through ASU No. 2018-19, "Codification Improvements to Topic 326, Financial Instruments - Credit Losses." ASU No. 2016-13 will require entities to estimate lifetime expected credit losses for trade and other receivables, net investments in leases, financing receivables, debt securities and other instruments, which will result in earlier recognition of credit losses. Further, the new credit loss model will affect how entities in all industries estimate their allowance for losses for receivables that are current with respect to their payment terms. ASU No. 2018-19 further clarifies that receivables arising from operating leases are not within the scope of Subtopic 326. Instead, impairment from receivables of operating leases should be accounted for in accordance with Topic 842, Leases. The new guidance on credit losses is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company expects to adopt ASU No. 2016-03, and the related ASU No. 2018-19 amendments, beginning as of January 1, 2020 and is in the process of assessing the impact that this new guidance is expected to have on the Company’s results of operations, financial condition and/or financial statement disclosures. In 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 provides 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 ASU No. 2018-15 is expected to have on the Company’s results of operations, financial condition and/or financial statement disclosures.

RESTRUCTURING CHARGES (Tables)

12 Months Ended

Dec. 31, 2018

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Charges

A summary of the 2018 Optimization Restructuring Charges incurred through December 31, 2018 is presented in the following table:



	Restructuring Charges and Other, Net
	Employee Severance and Other Personnel Benefits		Other Costs		Total Restructuring Charges		Other Related Charges^(a)		Total Restructuring and Related Charges
Cumulative charges incurred through December 31, 2018	$	4.5	$	—	$	4.5	$	1.2	$	5.7

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

A summary of the 2018 Optimization Restructuring Charges incurred through December 31, 2018 by reportable segment is presented in the following table:



	Charges incurred during the year ended December 31, 2018
Revlon	$	1.9
Elizabeth Arden	0.9
Portfolio	1.0
Fragrances	0.7
Total	$	4.5

A summary of the EA Integration Restructuring Charges incurred through December 31, 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 year ended December 31, 2018	9.4		0.1		^(a)	9.5		0.5		—		10.0
Cumulative charges incurred through December 31, 2018	$	72.2	$	5.1		$	77.3	$	1.9	$	3.0	$	82.2

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

^(b)Inventory adjustments are recorded within cost of sales in the Company’s Consolidated Statement of Operations and Comprehensive (Loss) Income.

^(c) Other related charges are recorded within SG&A in the Company’s Consolidated Statement of Operations and Comprehensive (Loss) Income.

A summary of the EA Integration Restructuring Charges incurred through December 31, 2018 by reportable segment is presented in the following table:



	Charges incurred during the year ended December 31, 2018			Cumulative charges incurred through December 31, 2018
Revlon	$	8.3		$	32.9
Elizabeth Arden	0.5			13.3
Portfolio	(0.3		)	13.1
Fragrances	1.0			18.0
Total	$	9.5		$	77.3

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 December 31, 2018
2018 Optimization Program:^(a)
Employee severance and other personnel benefits	$	—	$	4.5		$	—		$	(0.8	)	$	—	$	3.7
Other	—		1.2			—			—			—		1.2
Total 2018 Optimization Program	—		5.7			—			(0.8		)	—		4.9

EA Integration Restructuring Program:^(b)
Employee severance and other personnel benefits	25.8		9.4			(0.3		)	(21.1		)	—		13.8
Other	3.9		0.6			—			(0.3		)	—		4.2
Total EA Integration Restructuring Program	29.7		10.0			(0.3		)	(21.4		)	—		18.0

Other individually immaterial actions:^(c)
Employee severance and other personnel benefits	2.5		5.1			—			(3.0		)	—		4.6
Other	1.7		1.0			(0.1		)	(1.8		)	—		0.8
Total other individually immaterial actions	4.2		6.1			(0.1		)	(4.8		)	—		5.4
Total restructuring reserve	$	33.9	$	21.8		$	(0.4	)	$	(27.0	)	$	—	$	28.3

									Utilized, Net
	Liability Balance at January 1, 2017		Expense (Income), Net			Foreign Currency Translation			Cash			Non-cash		Liability Balance at December 31, 2017
EA Integration Restructuring Program:
Employee severance and other personnel benefits	$	31.5	$	31.3		$	—		$	(37.0	)	$	—	$	25.8
Other	3.0		6.4			—			(5.5		)	—		3.9
Total EA Integration Restructuring Program	34.5		37.7			—			(42.5		)	—		29.7

Other individually immaterial actions:^(d)
Employee severance and other personnel benefits	7.1		(2.6		)	—			(2.0		)	—		2.5
Other	1.2		1.1			0.1			(0.7		)	—		1.7
Total other individually immaterial actions	8.3		(1.5		)	0.1			(2.7		)	—		4.2
Total restructuring reserve	$	42.8	$	36.2		$	0.1		$	(45.2	)	$	—	$	33.9

^(c)Consists primarily of other immaterial restructuring initiatives in Denmark, Italy, Sweden and France.

DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 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:



	Year Ended December 31,
	2018			2017
Net sales	$	—		$	—
(Loss) income from discontinued operations, before taxes	(0.1		)	2.4
Provision for income taxes	—			0.3
(Loss) income from discontinued operations, net of taxes	(0.1		)	2.1

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



	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 Disclosure [Abstract]

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.

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+ Details

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2018

Changes in Goodwill by Segment

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 year ended December 31, 2018:



	Revlon			Portfolio			Elizabeth Arden		Fragrances		Total
Balance at January 1, 2017^(a)	$	265.3		$	198.8		$	104.6	$	120.8	$	689.5
Measurement Period Adjustments^(b)	—						12.3				12.3
Foreign currency translation adjustment	—			1.5							1.5
Goodwill impairment charge^(a)				(10.8		)					(10.8		)
Balance at December 31, 2017^(a)	$	265.3		$	189.5		$	116.9	$	120.8	$	692.5
Foreign currency translation adjustment	(0.3		)	(0.3		)	—		—		(0.6		)
Goodwill impairment charge	—			(18.0		)	—		—		(18.0		)
Balance at December 31, 2018	$	265.0		$	171.2		$	116.9	$	120.8	$	673.9

Cumulative goodwill impairment charges^(c)											$	(55.2	)

^(a)Prior period amounts have been restated to reflect the current period's segment presentation.

^(b) Measurement Period Adjustments related to the 2016 Elizabeth Arden Acquisition.

^(c)Amount refers to cumulative goodwill impairment charges related to impairments recognized in 2015, 2017 and 2018.

Summary of Finite-Lived Intangible Assets

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



	December 31, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses	$	272.3	$	(94.3	)	$	178.0	13
Customer relationships	248.6		(77.9		)	170.7		12
Patents and internally-developed intellectual property	20.9		(10.1		)	10.8		6
Distribution rights	31.0		(4.0		)	27.0		16
Other	1.3		(1.0		)	0.3		1
Total finite-lived intangible assets	$	574.1	$	(187.3	)	$	386.8

Indefinite-lived intangible assets:
Trade names	$	145.2	N/A			$	145.2
Total indefinite-lived intangible assets	$	145.2	N/A			$	145.2

Total intangible assets	$	719.3	$	(187.3	)	$	532.0

	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 December 31, 2018 and 2017:



	December 31, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses	$	272.3	$	(94.3	)	$	178.0	13
Customer relationships	248.6		(77.9		)	170.7		12
Patents and internally-developed intellectual property	20.9		(10.1		)	10.8		6
Distribution rights	31.0		(4.0		)	27.0		16
Other	1.3		(1.0		)	0.3		1
Total finite-lived intangible assets	$	574.1	$	(187.3	)	$	386.8

Indefinite-lived intangible assets:
Trade names	$	145.2	N/A			$	145.2
Total indefinite-lived intangible assets	$	145.2	N/A			$	145.2

Total intangible assets	$	719.3	$	(187.3	)	$	532.0

	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
2019	$	41.3
2020	34.1
2021	33.1
2022	32.2
2023	30.7
Thereafter	215.4
Total	$	386.8

LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Components of Long-Term Debt

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



	December 31,
	2018			2017
2018 Foreign Asset-Based Term Loan Credit Agreement due 2021, net of discounts and debt issuance costs (see (a) below)	$	82.7		$	—
2016 Revolving Credit Facility due 2021, net of debt issuance costs (see (b) below)	330.0			152.1
2016 Term Loan Facility: 2016 Term Loan due 2023, net of discounts and debt issuance costs (see (c) below)	1,724.6			1,735.9
5.75% Senior Notes due 2021, net of debt issuance costs (see (d) below)	496.6			495.1
6.25% Senior Notes due 2024, net of debt issuance costs (see (e) below)	441.4			440.3
Spanish Government Loan due 2025	0.5			0.5
	$	3,075.8		$	2,823.9
Less current portion^(*)	(348.1		)	(170.2		)
	$	2,727.7		$	2,653.7

Short-term borrowings	$	9.3		$	12.4

Debt Redemption Prices

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



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

Schedule of Line of Credit Facilities

At December 31, 2018, the aggregate principal amounts outstanding and availability under Products Corporation’s various revolving credit facilities were as follows:



	Commitment		Aggregate principal amount outstanding at December 31, 2018		Availability at December 31, 2018 ^(a)
Tranche A of the 2016 Revolving Credit Facility	$	400.0	$	293.5	$	96.4
Tranche B of the 2016 Revolving Credit Facility	41.5		41.5		N/A
Total Tranche A & B of the 2016 Revolving Credit Facility^(a)	$	441.5	$	335.0	$	96.4

Long-Term Debt Maturities

The aggregate amounts of contractual long-term debt maturities at December 31, 2018 in the years 2019 through 2023 and thereafter are as follows:



Years Ended December 31,	Long-Term Debt Maturities
2019	$	353.1		^(a)
2020	18.1			^(b)
2021	606.4			^(c)
2022	18.1			^(b)
2023	1,687.6			^(d)
Thereafter	450.0			^(e)
Total long-term debt	3,133.3
Discounts and deferred finance charges	(57.5		)
Total long-term debt, net of discounts and deferred finance charges	$	3,075.8


^(a)	Amount consists primarily of $335 million in aggregate principal amount of borrowings under the 2016 Revolving Credit Facility outstanding as of December 31, 2018 and the quarterly amortization payments payable in 2019 under the 2016 Term Loan Facility.


^(b)	Amount consists primarily of the quarterly amortization payments described in (a) above payable in 2020.

^(c)


^(d)	Amount consists primarily of the quarterly amortization payments due under the 2016 Term Loan Facility during 2023 and the remaining aggregate principal amount outstanding at December 31, 2018 under the 2016 Term Loan Facility, which is scheduled to mature in September 2023.


^(e)	Amount consists of the $450 million aggregate principal amount outstanding at December 31, 2018 under the 6.25% Senior Notes, which are scheduled to mature in August 2024.

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.

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-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)

12 Months Ended

Dec. 31, 2018

Fair Value Disclosures [Abstract]

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



	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 December 31, 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:



	December 31, 2018
	Fair Value
	Level 1		Level 2		Level 3		Total		Carrying Value
Liabilities:
Long-term debt, including current portion^(a)	$	—	$	2,259.5	$	—	$	2,259.5	$	3,075.8

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)

12 Months Ended

Dec. 31, 2018

Fair Value of Derivative Financial Instruments in Consolidated Balance Sheet

As of December 31, 2018, the Company did not have any derivative financial instruments.

As of 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

December 31,
2017

Balance Sheet

December 31,
2017

Classification

Fair Value

Classification

Fair Value

Derivative financial instruments:

FX Contracts^(a)

Prepaid expenses and other

0.6

Accrued Expenses and other

1.9

2013 Interest Rate Swap^(b)

Prepaid expenses and other

—

Accrued expenses and other

0.9

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

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



Derivative Instruments	Statement of Operations Classification	Amount of Gain (Loss) Recognized in Net (Loss) Income
		Year Ended December 31,
		2018			2017
Derivative financial instruments:
2013 Interest Rate Swap	Interest Expense	$	(1.2	)	$	(3.7	)
FX Contracts	Foreign currency gain (loss), net	0.2			(4.1		)
2013 Interest Rate Swap	Miscellaneous, net	0.2			0.1



	Amount of Gain Recognized in Other Comprehensive (Loss) Income
	Year Ended December 31,
	2018		2017
Derivatives previously designated as hedging instruments:
2013 Interest Rate Swap, net of tax ^(a)	$	0.7	$	2.3

^(a) Net of tax benefits of $0.5 million and $1.4 million for the year ended December 31, 2018 and 2017, respectively.

PENSION AND POST-RETIREMENT BENEFITS (Tables)

12 Months Ended

Dec. 31, 2018

Retirement Benefits [Abstract]

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



	Pension Plans						Other Post-Retirement Benefit Plans
	December 31,
	2018			2017			2018			2017
Change in Benefit Obligation:
Benefit obligation - beginning of year	$	(661.4	)	$	(640.5	)	$	(14.0	)	$	(13.4	)
Service cost	(2.0		)	(3.0		)	—			—
Interest cost	(18.6		)	(19.6		)	(0.4		)	(0.4		)
Actuarial gain (loss)	42.0			(22.3		)	1.4			(1.1		)
Curtailment gain	—			3.3			—			—
Other pension settlements	—			3.6			—			—
Benefits paid	45.2			43.2			0.8			0.9
Other ^(a)	—			(18.4		)	—			—
Plan participant contributions	(0.6		)	(0.7		)	—			—
Foreign currency translation adjustments	4.4			(7.0		)	—			—
Benefit obligation - end of year	$	(591.0	)	$	(661.4	)	$	(12.2	)	$	(14.0	)
Change in Plan Assets:
Fair value of plan assets - beginning of year	$	497.2		$	464.0		$	—		$	—
Actual return on plan assets	(24.2		)	53.5			—			—
Employer contributions	8.0			7.6			0.8			0.9
Other pension settlements	—			(3.6		)	—			—
Benefits paid	(45.2		)	(43.2		)	(0.8		)	(0.9		)
Other ^(a)	—			11.6			—
Plan participant contributions	0.6			0.7			—
Foreign currency translation adjustments	(4.0		)	6.6			—			—
Fair value of plan assets - end of year	$	432.4		$	497.2		$	—		$	—
Unfunded status of plans at December 31,	$	(158.6	)	$	(164.2	)	$	(12.2	)	$	(14.0	)


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

Amounts Recognized in Consolidated Balance Sheets



	Pension Plans						Other Post-Retirement Benefit Plans
	December 31,
	2018			2017			2018			2017
Other long-term assets	$	4.8		$	1.5		$	—		$	—

Accrued expenses and other	(5.9		)	(6.2		)	(0.7		)	(0.7		)
Pension and other post-retirement benefit liabilities	(157.5		)	(159.5		)	(11.5		)	(13.3		)
Total liability	$	(158.6	)	$	(164.2	)	$	(12.2	)	$	(14.0	)

Accumulated other comprehensive loss, gross	$	252.6		$	253.2		$	2.7		$	4.5
Income tax benefit	(44.4		)	(43.3		)	(0.6		)	(0.9		)
Portion allocated to Revlon Holdings	(0.8		)	(0.9		)	—			(0.2		)
Accumulated other comprehensive loss, net	$	207.4		$	209.0		$	2.1		$	3.4

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

As of December 31, 2018 and 2017, the projected benefit obligation, accumulated benefit obligation and fair value of plan assets for the Company's pension plans are as follows:



	December 31,
	2018		2017
Projected benefit obligation	$	591.0	$	661.4
Accumulated benefit obligation	589.1		661.1
Fair value of plan assets	432.4		497.2

Components of Net Periodic Benefit (Income) Costs

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
	Year Ended December 31,
	2018			2017			2018		2017
Net periodic benefit costs:
Service cost	$	2.0		$	3.0		$	—	$	—
Interest cost	18.6			19.6			0.4		0.4
Expected return on plan assets	(27.8		)	(28.6		)	—		—
Amortization of actuarial loss	9.2			9.5			0.4		0.3
Curtailment gain^(a)	(0.1		)	(2.6		)	—		—
Total net periodic benefit costs prior to allocation	$	1.9		$	0.9		$	0.8	$	0.7
Portion allocated to Revlon Holdings	(0.1		)	(0.1		)	—		—
Total net periodic benefit costs	$	1.8		$	0.8		$	0.8	$	0.7

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:



	Year Ended December 31,
	2018		2017
Net periodic benefit (income) costs:
Cost of sales	$	0.1	$	—
Selling, general and administrative expense	1.9		3.0
Miscellaneous, net	0.6		(1.5		)
Total net periodic benefit costs^(a)	$	2.6	$	1.5

Summary of Unrecognized Components of Net Periodic Benefit Cost



	Pension Benefits			Post-Retirement Benefits			Total
Net actuarial loss	$	252.7		$	2.7		$	255.4
Prior service cost	(0.1		)	—			(0.1		)
Accumulated Other Comprehensive Loss, Gross	252.6			2.7			255.3
Income tax benefit	(44.4		)	(0.6		)	(45.0		)
Portion allocated to Revlon Holdings	(0.8		)	—			(0.8		)
Accumulated Other Comprehensive Loss, Net	$	207.4		$	2.1		$	209.5

Assumptions Used



	U.S. Plans				International Plans
	2018		2017		2018		2017
Discount rate	4.13	%	3.47	%	2.52	%	2.19	%
Rate of future compensation increases	3.50	%	3.50	%	2.02	%	1.75	%



	U.S. Plans				International Plans
	2018		2017		2018		2017
Discount rate	3.47	%	3.92	%	2.19	%	2.24	%
Expected long-term return on plan assets	6.00	%	6.50	%	4.95	%	4.81	%
Rate of future compensation increases	3.50	%	3.50	%	1.75	%	2.01	%

The target ranges per asset class in effect for 2018 were as follows:



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

Fair Value of Plan Assets

The following table presents information on the fair value of the Company's U.S. and International pension plan assets at December 31, 2018 and 2017:



	U.S. Plans				International Plans
	2018		2017		2018		2017
Fair value of plan assets	$	358.3	$	413.6	$	74.1	$	83.6

Fair Value by Asset Categories



				Quoted Prices in Active Markets for Identical Assets		Significant Observable Inputs			Significant Unobservable Inputs
	Total			Level 1		Level 2			Level 3
Common and Preferred Stock:
U.S. Small/Mid Cap Equity	$	7.0		$	7.0	$	—		$	—
Mutual Funds ^(a):
Corporate Bonds	10.6			10.6		—			—
Government Bonds	13.4			13.4		—			—
U.S. Large Cap Equity	0.2			0.2		—			—
International Equities	9.4			9.4		—			—
Emerging Markets International Equity	5.3			5.3		—			—
Cash and Cash Equivalents	2.2			2.2		—			—
Other ^(b)	1.8			1.8		—			—
Fixed Income Securities:
Government Bonds	70.0			—		70.0			—
Common and Collective Funds ^(a):
Corporate Bonds	40.7			19.6		21.1			—
Government Bonds	43.0			6.6		36.4			—
U.S. Large Cap Equity	54.5			38.8		15.7			—
U.S. Small/Mid Cap Equity	6.9			6.9		—			—
International Equities	58.4			5.5		52.9			—
Emerging Markets International Equity	14.9			8.5		6.4			—
Cash and Cash Equivalents	1.7			1.7		—			—
Other ^(b)	(1.6		)	—		(1.6		)	—
Cash and Cash Equivalents	22.2			22.2		—			—
Total Plan Assets in the fair value hierarchy	$	360.6		$	159.7	$	200.9		—

Investments measured at Net Asset Value ^(c)
Common and Collective Funds	36.3
Hedge Funds	35.5
Total Plan Assets measured at Net Asset Value	$	71.8

Total Plan Assets at Fair Value	$	432.4		$	159.7	$	200.9		—


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


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


(c)	These investments are presented for reconciliation purposes, but are not required to be categorized in the fair value hierarchy as they are measured at fair value using the net asset per share or its equivalent, as permitted by the ASU No. 2015-07 practical expedient.

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



			Quoted Prices in Active Markets for Identical Assets		Significant Observable Inputs		Significant Unobservable Inputs
	Total		Level 1		Level 2		Level 3
Common and Preferred Stock:
U.S. Small/Mid Cap Equity	$	18.3	$	18.3	$	—	$	—
Mutual Funds ^(a):
Corporate Bonds	17.7		17.7		—		—
Government Bonds	8.4		8.4		—		—
U.S. Large Cap Equity	0.1		0.1		—		—
International Equities	3.8		3.8		—		—
Emerging Markets International Equity	7.4		7.4		—		—
Other ^(b)	4.5		4.5		—		—
Fixed Income Securities:
Corporate Bonds	46.7		—		46.7		—
Government Bonds	15.4		—		15.4		—
Common and Collective Funds ^(a)(d):
Corporate Bonds	49.8		27.3		22.5		—
Government Bonds	44.1		7.4		36.7		—
U.S. Large Cap Equity	68.7		55.1		13.6		—
U.S. Small/Mid Cap Equity	16.1		16.1		—		—
International Equities	75.7		5.7		70.0		—
Emerging Markets International Equity	18.3		10.6		7.7		—
Cash and Cash Equivalents	4.2		4.2		—		—
Other ^(b)	3.5		0.0		3.5		—
Cash and Cash Equivalents	8.2		8.2		—		—
Total Plan Assets in the fair value hierarchy	$	410.9	$	194.8	$	216.1	$	—

Investments measured at Net Asset Value ^(c)
Common and Collective Funds	37.5
Hedge Funds	48.8
Total Plan Assets measured at Net Asset Value	$	86.3

Total Plan Assets at Fair Value	$	497.2	$	194.8	$	216.1	$	—


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


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


(c)	These investments are presented for reconciliation purposes, but are not required to be categorized in the fair value hierarchy as they are measured at fair value using the net asset per share or its equivalent, as permitted by the ASU No. 2015-07 practical expedient.


(d)	Commencing in 2018, the Company determined that certain of its investments in common and collective funds met certain criteria to be considered Level 2 investments within the fair value hierarchy. As such, the 2017 fair value hierarchy schedule was updated to conform to the current presentation.

Expected Future Benefit Payments

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



	Total Pension Benefits		Total Other Benefits
2019	$	44.5	$	1.2
2020	44.5		1.2
2021	42.3		1.2
2022	42.6		1.1
2023	41.8		1.1
Years 2024 to 2028	196.1		4.7

STOCK COMPENSATION PLAN (Tables)

12 Months Ended

Dec. 31, 2018

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

Restricted stock units award activity

During the year ended December 31, 2018, performance-based LTIP RSUs granted to eligible employees and the grant date fair value per share related to the performance-based LTIP RSUs were as follows:



	Performance-Based LTIP RSUs (000s)		Weighted-Average Grant Date Fair Value per RSU
LTIP RSUs Granted:
2018	451.6		$	19.12
2017	165.5		19.70
Total Performance-Based LTIP RSUs granted	617.1
LTIP RSUs Forfeited:
2018	(16.9	)	$	19.19
2017	(9.1	)	19.70
Total Performance-Based LTIP RSUs forfeited	(26.0	)
LTIP Outstanding:
2018	434.7		$	19.11
2017	156.4		19.70
Total Performance-Based LTIP RSUs as of December 31, 2018	591.1

During the year ended December 31, 2018, LTIP RSUs granted to eligible employees and the weighted-average grant date fair value per share related to the time-based LTIP RSUs were as follows:



	Time-Based LTIP RSUs (000s)		Weighted-Average Grant Date Fair Value per RSU
LTIP RSUs Granted:
2018	451.6		$	19.12
2017	165.5		19.70
Total Time-Based LTIP RSUs granted	617.1
LTIP RSU's Forfeited:
2018	(16.9	)	$	19.19
2017	(9.1	)	19.70
Total Time-Based LTIP RSUs forfeited	(26.0	)
LTIP Outstanding:
2018	434.7		$	19.11
2017	156.4		19.70
Total Time-Based LTIP RSUs as of December 31, 2018	591.1

A summary of the restricted stock and RSU activity for each of 2018 and 2017 is presented in the following table:



	Restricted Stock (000's)		Weighted Average Grant Date Fair Value Per Share
Outstanding at January 1, 2017	411.0		$	30.78
Granted	853.1		30.94
Vested^(b)	(216.0	)	32.63
Forfeited	(253.1	)	32.60
Outstanding at December 31, 2017	795.0		29.87
Granted^(a)	1,303.9		19.39
Vested^(b)	(388.7	)	33.04
Forfeited^(a)	(303.5	)	25.08
Outstanding at December 31, 2018	1,406.7		20.32


^(a)	The 2018 grants include 69,767 restricted stock awards and 1,234,116 RSUs, the latter granted pursuant to the Long-Term Incentive Program under the Stock Plan, as discussed below. 2018 forfeited shares include 251,495 restricted stock awards and 52,022 RSUs.


^(b)	Of the amounts that vested during 2018 and 2017, 167,297 and 89,620 shares, respectively, were withheld by the Company to satisfy certain grantees’ minimum withholding tax requirements, which withheld shares became Revlon treasury stock and are not sold on the open market. (See discussion under "Treasury Stock" in Note 17, "Stockholders' Deficiency").

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Income Before Income Taxes and Provision for Income Taxes

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



	Year Ended December 31,
	2018			2017
Loss from continuing operations before income taxes:
United States	$	(298.5	)	$	(190.7	)
Foreign	6.6			27.2
	$	(291.9	)	$	(163.5	)
Provision for income taxes:
United States federal	$	(27.2	)	$	7.0
State and local	(3.6		)	9.0
Foreign	33.0			5.8
	$	2.2		$	21.8
Current:
United States federal	$	(8.9	)	$	(20.2	)
State and local	(0.8		)	1.9
Foreign	10.2			17.5
	0.5			(0.8		)
Deferred:
United States federal	$	(18.3	)	$	27.2
State and local	(2.8		)	7.1
Foreign	22.8			(11.7		)
	$	1.7		$	22.6
Total Provision for income taxes	$	2.2		$	21.8

Reconciliation of Statutory Federal Income Tax Rate

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

Deferred Tax Assets and Liabilities

. The Company's deferred tax assets and liabilities at December 31, 2018 and 2017 were comprised of the following

Reconciliation of Unrecognized Tax Benefits

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



	Tax			Interest and Penalties			Total
Balance at January 1, 2017	$	82.7		$	10.6		$	93.3
Increase based on tax positions taken in a prior year	9.1			1.5			10.6
Decrease based on tax positions taken in a prior year ^(a)	(19.6		)	(1.5		)	(21.1		)
Increase based on tax positions taken in the current year	11.0			0.2			11.2
Decrease resulting from the lapse of statutes of limitations	(7.3		)	(1.8		)	(9.1		)
Balance at December 31, 2017	75.9			9.0			84.9
Increase based on tax positions taken in a prior year	2.8			5.4			8.2
Decrease based on tax positions taken in a prior year	(15.5		)	(3.8		)	(19.3		)
Increase based on tax positions taken in the current year	6.5			0.2			6.7
Decrease resulting from the lapse of statutes of limitations	(4.8		)	(1.0		)	(5.8		)
Balance at December 31, 2018	$	64.9		$	9.8		$	74.7


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

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

12 Months Ended

Dec. 31, 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 December 31, 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, 2017	$	(24.0	)	$	(224.4	)	$	(3.0	)	$	(0.3	)	$	(251.7	)
Foreign currency translation adjustment, net of tax of $0.4 million	9.0			—			—			—			9.0
Amortization of pension related costs, net of tax of $(1.6) million^(a)	—			8.1			—			—			8.1
Pension re-measurement, net of tax of $0.3 million	—			1.8			—			—			1.8
Amortization of deferred losses related to the de-designated 2013 Interest Rate Swap, net of tax of $1.4 million^(b)	—			—			2.3			—			2.3
Curtailment gain, net of tax of $(0.3) million^(d)	—			2.1			—			—			2.1
Other comprehensive income	$	9.0		$	12.0		$	2.3		$	—		$	23.3
Balance at December 31, 2017	$	(15.0	)	$	(212.4	)	$	(0.7	)	$	(0.3	)	$	(228.4	)
Foreign currency translation adjustment, net of tax of $0.1 million	(9.4		)	—			—			—			(9.4		)
Amortization of pension related costs, net of tax of $(1.0) million^(a)	—			8.4			—			—			8.4
Pension re-measurement, net of tax of $2.5 million				(5.5		)							(5.5		)
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	$	(9.4	)	$	2.9		$	0.7		$	—		$	(5.8	)
Balance at December 31, 2018	$	(24.4	)	$	(209.5	)	$	—		$	(0.3	)	$	(234.2	)


^(b)	See Note 12, "Financial Instruments," for further discussion of the 2013 Interest Rate Swap, which expired in May 2018.

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 year ended December 31, 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 December 31, 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 year ended December 31, 2017:



	2013 Interest Rate Swap
Beginning accumulated losses at January 1, 2017	$	(3.0	)
Reclassifications into earnings (net of $1.4 million tax benefit)^(a)	2.3
Ending accumulated losses at December 31, 2017	$	(0.7	)

^(a) Reclassified to interest expense.

STOCKHOLDERS' DEFICIENCY (Tables)

12 Months Ended

Dec. 31, 2018

Equity [Abstract]

Schedule of Common and Treasury Stock Issued and/or Outstanding

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



	Class A Common Stock		Treasury Stock
Balance, January 1, 2017	53,956,073		1,024,908
Restricted stock grants	853,111		—
Restricted stock forfeitures	(253,084	)	—
Withholding of restricted stock to satisfy taxes	—		89,620
Balance, December 31, 2017	54,556,100		1,114,528
Restricted stock grants^(a)	1,303,883		—
Restricted stock forfeitures ^(b)	(303,517	)	251,495
Withholding of restricted stock to satisfy taxes	—		167,297
Balance, December 31, 2018	55,556,466		1,533,320

Schedule of Segment Reporting Information, by Segment

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

+ References

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+ Details

SEGMENT DATA AND RELATED INFORMATION (Tables)

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]



	Year Ended December 31,
	2018			2017
Segment Net Sales:
Revlon	$	998.3		$	1,089.3
Elizabeth Arden	490.2			433.8
Portfolio	564.6			592.5
Fragrances	511.4			578.1
Total	$	2,564.5		$	2,693.7

Segment Profit:
Revlon	$	129.6		$	180.1
Elizabeth Arden	24.4			6.9
Portfolio	7.9			8.1
Fragrances	76.0			62.2
Total	$	237.9		$	257.3

Reconciliation:
Total Segment Profit	$	237.9		$	257.3
Less:
Depreciation and amortization	177.2			155.8
Non-cash stock compensation expense	17.2			6.8
Non-Operating items:
Restructuring and related charges	23.1			34.5
Acquisition and integration costs	13.9			52.9
Loss on disposal of minority investment	20.1			—
Oxford SAP disruption-related charges	53.6			—
Elizabeth Arden 2016 Business Transformation Program	—			1.1
Elizabeth Arden inventory purchase accounting adjustment, cost of sales	—			17.2
Impairment charge	18.0			10.8
Deferred compensation	—			2.0
Operating loss	(85.2		)	(23.8		)
Less:
Interest Expense	176.6			149.8
Amortization of debt issuance costs	13.0			9.1
Foreign currency losses (gains), net	15.8			(18.5		)
Miscellaneous, net	1.3			(0.7		)
Loss from continuing operations before income taxes	$	(291.9	)	$	(163.5	)

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:




	Year Ended December 31, 2018
	Revlon		Elizabeth Arden		Portfolio		Fragrances		Total
Geographic Area:
Net Sales
North America	$	522.3	$	135.6	$	350.4	$	345.9	$	1,354.2
EMEA*	226.0		201.0		170.6		120.0		717.6
Asia	105.1		119.5		4.0		12.9		241.5
Latin America*	70.5		11.4		25.7		15.6		123.2
Pacific*	74.4		22.7		13.9		17.0		128.0
	$	998.3	$	490.2	$	564.6	$	511.4	$	2,564.5




	Year Ended December 31, 2017
	Revlon		Elizabeth Arden		Portfolio		Fragrances		Total
Geographic Area:
Net Sales
North America	$	581.7	$	136.5	$	337.9	$	377.2	$	1,433.3
EMEA*	227.4		175.5		198.2		152.5		753.6
Asia	108.7		88.5		9.4		12.9		219.5
Latin America*	87.7		10.2		32.9		16.6		147.4
Pacific*	83.8		23.1		14.1		18.9		139.9
	$	1,089.3	$	433.8	$	592.5	$	578.1	$	2,693.7

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



	December 31, 2018			December 31, 2017
Long-lived assets, net:
United States	$	1,416.2	84%	$	1,480.1	83%
International	275.0		16%	295.6		17%
	$	1,691.2		$	1,775.7

Schedule of Net Sales by Classes of Similar Products



	Year Ended December 31,
	2018			2017
Classes of similar products:
Net sales:
Color cosmetics	$	848.7	33%	$	955.3	35%
Fragrance	679.2		26%	731.3		27%
Hair care	529.3		21%	517.3		19%
Beauty care	200.4		8%	262.4		10%
Skin care	306.9		12%	227.4		8%
	$	2,564.5		$	2,693.7

BASIC AND DILUTED EARNINGS PER COMMON SHARE (Tables)

12 Months Ended

Dec. 31, 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:



	Year Ended December 31,
	2018			2017
Numerator:
Loss from continuing operations, net of taxes	$	(294.1	)	$	(185.3	)
(Loss) income from discontinued operations, net of taxes	(0.1		)	2.1
Net loss	$	(294.2	)	$	(183.2	)
Denominator:
Weighted-average common shares outstanding – Basic	52,797,686			52,597,582
Effect of dilutive restricted stock	—			—
Weighted-average common shares outstanding – Diluted	52,797,686			52,597,582
Basic (loss) earnings per common share:
Continuing operations	$	(5.57	)	$	(3.52	)
Discontinued operations	—			0.04
Net loss per common share	$	(5.57	)	$	(3.48	)
Diluted (loss) earnings per common share:
Continuing operations	$	(5.57	)	$	(3.52	)
Discontinued operations	—			0.04
Net loss per common share	$	(5.57	)	$	(3.48	)

Unvested restricted stock and RSUs under the Stock Plan^(a)	272,298			20,804


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

CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Minimum rental commitments, capital leases

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



Minimum Rental Commitments	Total		2019		2020		2021		2022		2023		Thereafter
Capital leases	$	2.6	$	1.1	$	0.6	$	0.3	$	0.2	$	0.2	$	0.2
Operating leases	204.7		42.5		33.8		29.8		22.6		18.5		57.5

Minimum rental commitments, operating leases

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



Minimum Rental Commitments	Total		2019		2020		2021		2022		2023		Thereafter
Capital leases	$	2.6	$	1.1	$	0.6	$	0.3	$	0.2	$	0.2	$	0.2
Operating leases	204.7		42.5		33.8		29.8		22.6		18.5		57.5

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Detail)		3 Months Ended	12 Months Ended
	Oct. 01, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2018 USD ($) segment reporting_unit	Dec. 31, 2017 USD ($)
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Number of reporting segments \| segment			4
Public holding company expenses			$ 6,300,000	$ 6,600,000
Outstanding checks		$ 21,800,000	23,400,000	21,800,000
Property, plant and equipment, net		372,700,000	354,500,000	372,700,000
Amortization expense			177,200,000	155,800,000
Net deferred financing costs		5,000,000	4,000,000	5,000,000
Impairment of long-lived assets			$ 0	0
Number of reporting units tested for impairment \| reporting_unit			5
Goodwill		692,500,000	$ 673,900,000	692,500,000
Advertising expenses			507,000,000	550,000,000
Distribution costs			144,600,000	131,100,000
Research and development expenditures			42,400,000	35,700,000
Accumulated deferred losses, gross		3,900,000	$ 6,300,000	3,900,000
Land Improvements \| Minimum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life			20 years
Land Improvements \| Maximum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life			30 years
Building and improvements \| Minimum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life			5 years
Building and improvements \| Maximum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life			50 years
Machinery and Equipment \| Minimum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life			3 years
Machinery and Equipment \| Maximum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life			15 years
Counters and trade fixtures \| Minimum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life			3 years
Counters and trade fixtures \| Maximum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life			5 years
Office Furniture and Fixtures \| Minimum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life			3 years
Office Furniture and Fixtures \| Maximum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life			15 years
Capitalized Software \| Minimum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life			2 years
Capitalized Software \| Maximum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life			10 years
Wall Displays
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, net		84,800,000	$ 110,600,000	84,800,000
Amortization expense			$ 50,700,000	$ 55,400,000
Wall Displays \| Minimum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life			1 year
Wall Displays \| Maximum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life			3 years
Trade Receivables \| Customer Concentration Risk \| Three Largest Customers
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Concentration risk percentage			30.00%	31.00%
Mass Portfolio
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Goodwill impairment charge	$ 18,000,000
Goodwill			$ 54,300,000
GCB Brands
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Goodwill impairment charge		$ 10,800,000		$ 10,800,000
Impairment of intangible assets				0
Elizabeth Arden 2% Convertible Note
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Gain (loss) on sale of investments			(20,100,000)
Early contract termination fee			1,500,000
Write-off of early termination of contract			$ 18,600,000
Accounting Standards Update 2017-07
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Net periodic defined benefits expense (reversal of expense), excluding service cost component				$ (1,500,000)

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

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Cash and cash equivalents

$ 87.3

$ 87.1

Restricted cash

0.2

0.3

Total cash, cash equivalents and restricted cash

^[1]

$ 87.5

$ 87.4

$ 186.8

[1]	These amounts include restricted cash of $0.2 million and $0.3 million as of December 31, 2018 and 2017, 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.

RESTRUCTURING CHARGES - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended			24 Months Ended	48 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other, net		$ 21.8	$ 36.2
Payments for restructuring		27.0	45.2
2018 Optimization Restructuring Program
Restructuring Cost and Reserve [Line Items]
Additional capital expenditures, expected cost		10.0		$ 10.0
Restructuring charges and other, net		$ 5.7
Percent of restructuring charges expected to be paid in cash		85.00%		85.00%
Payments for restructuring		$ 0.8
Restructuring costs recognized to date		5.7		$ 5.7
2018 Optimization Restructuring Program \| Minimum
Restructuring Cost and Reserve [Line Items]
Expected restructuring and related charges		30.0		30.0
2018 Optimization Restructuring Program \| Maximum
Restructuring Cost and Reserve [Line Items]
Expected restructuring and related charges		40.0		40.0
2018 Optimization Restructuring Program \| Employee-related costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other, net		4.5
Payments for restructuring		0.8
Restructuring costs recognized to date		4.5		4.5
2018 Optimization Restructuring Program \| Other
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other, net		1.2
Payments for restructuring		0.0
Restructuring costs recognized to date		0.0		0.0
EA Integration Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other, net		10.0	37.7
Payments for restructuring		21.4	42.5	63.9
Restructuring costs recognized to date		82.2	72.2	82.2
EA Integration Restructuring Program \| Employee-related costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other, net		9.4	31.3
Payments for restructuring		21.1	37.0
Restructuring costs recognized to date		72.2	62.8	72.2
EA Integration Restructuring Program \| Employee-related costs \| Minimum
Restructuring Cost and Reserve [Line Items]
Restructuring costs recognized to date		72.2		72.2
EA Integration Restructuring Program \| Lease termination costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other, net		0.1
Restructuring costs recognized to date		5.1	5.0	5.1
EA Integration Restructuring Program \| Other
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other, net		0.6	6.4
Payments for restructuring		0.3	$ 5.5
Restructuring costs recognized to date		4.9		$ 4.9
Scenario, Forecast \| 2018 Optimization Restructuring Program \| Minimum
Restructuring Cost and Reserve [Line Items]
Payments for restructuring	$ 25.0
Scenario, Forecast \| 2018 Optimization Restructuring Program \| Maximum
Restructuring Cost and Reserve [Line Items]
Payments for restructuring	$ 33.0
Scenario, Forecast \| EA Integration Restructuring Program \| Minimum
Restructuring Cost and Reserve [Line Items]
Payments for restructuring					$ 80.0
Scenario, Forecast \| EA Integration Restructuring Program \| Maximum
Restructuring Cost and Reserve [Line Items]
Payments for restructuring					$ 85.0
Restructuring Charges \| 2018 Optimization Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other, net		4.5
Selling, General and Administrative Expenses \| 2018 Optimization Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other, net		1.2
Selling, General and Administrative Expenses \| 2018 Optimization Restructuring Program \| Other
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other, net		$ 1.2

RESTRUCTURING CHARGES - Restructuring and Related Charges (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other, net	$ 21.8	$ 36.2
2018 Optimization Restructuring Program
Restructuring Cost and Reserve [Line Items]
Cumulative charges incurred	5.7
Restructuring charges and other, net	5.7
2018 Optimization Restructuring Program \| Employee Severance and Other Personnel Benefits
Restructuring Cost and Reserve [Line Items]
Cumulative charges incurred	4.5
Restructuring charges and other, net	4.5
2018 Optimization Restructuring Program \| Total Restructuring Charges
Restructuring Cost and Reserve [Line Items]
Cumulative charges incurred	4.5
2018 Optimization Restructuring Program \| Other Related Charges
Restructuring Cost and Reserve [Line Items]
Cumulative charges incurred	1.2
EA Integration Restructuring Program
Restructuring Cost and Reserve [Line Items]
Cumulative charges incurred	82.2	72.2
Restructuring charges and other, net	10.0	37.7
EA Integration Restructuring Program \| Employee Severance and Other Personnel Benefits
Restructuring Cost and Reserve [Line Items]
Cumulative charges incurred	72.2	62.8
Restructuring charges and other, net	9.4	31.3
EA Integration Restructuring Program \| Lease Termination and Other Costs
Restructuring Cost and Reserve [Line Items]
Cumulative charges incurred	5.1	5.0
Restructuring charges and other, net	0.1
EA Integration Restructuring Program \| Total Restructuring Charges
Restructuring Cost and Reserve [Line Items]
Cumulative charges incurred	77.3	67.8
Restructuring charges and other, net	9.5
EA Integration Restructuring Program \| Inventory Adjustments
Restructuring Cost and Reserve [Line Items]
Cumulative charges incurred	1.9	1.4
Restructuring charges and other, net	0.5
EA Integration Restructuring Program \| Other Related Charges
Restructuring Cost and Reserve [Line Items]
Cumulative charges incurred	3.0	$ 3.0
Restructuring charges and other, net	0.0
Operating segments \| 2018 Optimization Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other, net	4.5
Operating segments \| EA Integration Restructuring Program \| Total Restructuring Charges
Restructuring Cost and Reserve [Line Items]
Cumulative charges incurred	77.3
Restructuring charges and other, net	9.5
Operating segments \| Revlon \| 2018 Optimization Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other, net	1.9
Operating segments \| Revlon \| EA Integration Restructuring Program
Restructuring Cost and Reserve [Line Items]
Cumulative charges incurred	32.9
Restructuring charges and other, net	8.3
Operating segments \| Elizabeth Arden \| 2018 Optimization Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other, net	0.9
Operating segments \| Elizabeth Arden \| EA Integration Restructuring Program
Restructuring Cost and Reserve [Line Items]
Cumulative charges incurred	13.3
Restructuring charges and other, net	0.5
Operating segments \| Portfolio \| 2018 Optimization Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other, net	1.0
Operating segments \| Portfolio \| EA Integration Restructuring Program
Restructuring Cost and Reserve [Line Items]
Cumulative charges incurred	13.1
Restructuring charges and other, net	(0.3)
Operating segments \| Fragrance \| 2018 Optimization Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other, net	0.7
Operating segments \| Fragrance \| EA Integration Restructuring Program
Restructuring Cost and Reserve [Line Items]
Cumulative charges incurred	18.0
Restructuring charges and other, net	$ 1.0

RESTRUCTURING CHARGES - Restructuring Reserve (Details) - USD ($) $ in Millions	12 Months Ended		24 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018
Restructuring Reserve [Roll Forward]
Liability Balance at period start	$ 33.9	$ 42.8	$ 42.8
Expense (Income), Net	21.8	36.2
Foreign Currency Translation	(0.4)	0.1
Cash utilized, net	(27.0)	(45.2)
Non-cash utilized, net	0.0	0.0
Liability Balance at period end	28.3	33.9	28.3
2018 Optimization Restructuring Program
Restructuring Reserve [Roll Forward]
Liability Balance at period start	0.0
Expense (Income), Net	5.7
Foreign Currency Translation	0.0
Cash utilized, net	(0.8)
Non-cash utilized, net	0.0
Liability Balance at period end	4.9	0.0	4.9
2018 Optimization Restructuring Program \| Other
Restructuring Reserve [Roll Forward]
Liability Balance at period start	0.0
Expense (Income), Net	1.2
Foreign Currency Translation	0.0
Cash utilized, net	0.0
Non-cash utilized, net	0.0
Liability Balance at period end	1.2	0.0	1.2
2018 Optimization Restructuring Program \| Employee severance and other personnel benefits
Restructuring Reserve [Roll Forward]
Liability Balance at period start	0.0
Expense (Income), Net	4.5
Foreign Currency Translation	0.0
Cash utilized, net	(0.8)
Non-cash utilized, net	0.0
Liability Balance at period end	3.7	0.0	3.7
EA Integration Restructuring Program
Restructuring Reserve [Roll Forward]
Liability Balance at period start	29.7	34.5	34.5
Expense (Income), Net	10.0	37.7
Foreign Currency Translation	(0.3)	0.0
Cash utilized, net	(21.4)	(42.5)	(63.9)
Non-cash utilized, net	0.0	0.0
Liability Balance at period end	18.0	29.7	18.0
EA Integration Restructuring Program \| Other
Restructuring Reserve [Roll Forward]
Liability Balance at period start	3.9	3.0	3.0
Expense (Income), Net	0.6	6.4
Foreign Currency Translation	0.0	0.0
Cash utilized, net	(0.3)	(5.5)
Non-cash utilized, net	0.0	0.0
Liability Balance at period end	4.2	3.9	4.2
EA Integration Restructuring Program \| Employee severance and other personnel benefits
Restructuring Reserve [Roll Forward]
Liability Balance at period start	25.8	31.5	31.5
Expense (Income), Net	9.4	31.3
Foreign Currency Translation	(0.3)	0.0
Cash utilized, net	(21.1)	(37.0)
Non-cash utilized, net	0.0	0.0
Liability Balance at period end	13.8	25.8	13.8
Reversal	2.1
EA Integration Restructuring Program \| Inventory adjustments and other restructuring
Restructuring Reserve [Roll Forward]
Expense (Income), Net	0.5
Other immaterial actions
Restructuring Reserve [Roll Forward]
Reversal		3.2
Other immaterial actions \| Other
Restructuring Reserve [Roll Forward]
Liability Balance at period start	1.7	1.2	1.2
Expense (Income), Net	1.0	1.1
Foreign Currency Translation	(0.1)	0.1
Cash utilized, net	(1.8)	(0.7)
Non-cash utilized, net	0.0	0.0
Liability Balance at period end	0.8	1.7	0.8
Other immaterial actions \| Employee severance and other personnel benefits
Restructuring Reserve [Roll Forward]
Liability Balance at period start	2.5	7.1	7.1
Expense (Income), Net	5.1	(2.6)
Foreign Currency Translation	0.0	0.0
Cash utilized, net	(3.0)	(2.0)
Non-cash utilized, net	0.0	0.0
Liability Balance at period end	4.6	2.5	4.6
Other immaterial actions \| Inventory adjustments and other restructuring
Restructuring Reserve [Roll Forward]
Liability Balance at period start	4.2	8.3	8.3
Expense (Income), Net	6.1	(1.5)
Foreign Currency Translation	(0.1)	0.1
Cash utilized, net	(4.8)	(2.7)
Non-cash utilized, net	0.0	0.0
Liability Balance at period end	5.4	$ 4.2	$ 5.4
Selling, general and administrative expense \| 2018 Optimization Restructuring Program
Restructuring Reserve [Roll Forward]
Expense (Income), Net	1.2
Selling, general and administrative expense \| 2018 Optimization Restructuring Program \| Other
Restructuring Reserve [Roll Forward]
Expense (Income), Net	$ 1.2

DISCONTINUED OPERATIONS (Details)
$ in Millions

12 Months Ended

Dec. 31, 2018

USD ($)

Dec. 31, 2017

USD ($)

Dec. 31, 2014

job_position

Income Statement Disclosures [Abstract]

(Loss) income from discontinued operations, net of taxes

$ (0.1)

$ 2.1

^[1]

Discontinued Operations | Operations in China

Income Statement Disclosures [Abstract]

(Loss) income from discontinued operations, before taxes

0.0

(0.1)

2.4

Provision for income taxes

0.0

0.3

(Loss) income from discontinued operations, net of taxes

(0.1)

2.1

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	Dec. 31, 2018	Dec. 31, 2017
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 143.5	$ 123.4
Work-in-process	5.6	22.0
Finished goods	374.1	352.5
Inventories	$ 523.2	$ 497.9

PREPAID EXPENSES AND OTHER (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid expenses	$ 71.5	$ 43.3
Other	80.5	70.1
Prepaid expenses and other	$ 152.0	$ 113.4

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 779.7	$ 758.2
Accumulated depreciation and amortization	(425.2)	(385.5)
Property, plant and equipment, net	354.5	372.7
Depreciation and amortization expense	66.8	54.4
Land and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	11.2	11.6
Building and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	103.2	97.0
Machinery, equipment and capital leases
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	286.7	275.1
Office furniture, fixtures and capitalized software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	220.0	168.3
Counters and trade fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	56.0	62.0
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	51.5	51.4
Construction-in-progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 51.1	$ 92.8

GOODWILL AND INTANGIBLE ASSETS, NET - Narrative (Details) $ in Millions		3 Months Ended	12 Months Ended
	Oct. 01, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2018 USD ($) segment reporting_unit	Dec. 31, 2017 USD ($)
Goodwill [Line Items]
Number of reporting segments \| segment			4
Number of reporting units \| reporting_unit			6
Number of reporting units tested for impairment \| reporting_unit			5
Goodwill		$ 692.5	$ 673.9	$ 692.5
Amortization expense			57.1	43.2
GCB Brands
Goodwill [Line Items]
Goodwill impairment charge		$ 10.8		$ 10.8
Mass Portfolio
Goodwill [Line Items]
Goodwill impairment charge	$ 18.0
Goodwill			$ 54.3
Cost of Capital \| Mass Portfolio
Goodwill [Line Items]
Goodwill measurement input			0.10
Perpetual Growth Rate \| Mass Portfolio
Goodwill [Line Items]
Goodwill measurement input			0.02

GOODWILL AND INTANGIBLE ASSETS, NET - Changes in Goodwill by Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Goodwill [Roll Forward]
Beginning Balance	$ 692.5
Ending Balance	673.9	$ 692.5
Operating segments \| Consumer
Goodwill [Roll Forward]
Beginning Balance	265.3	265.3
Measurement Period Adjustments		0.0
Foreign currency translation adjustment	(0.3)	0.0
Goodwill impairment charge	0.0
Ending Balance	265.0	265.3
Cumulative goodwill impairment charges
Operating segments \| Professional
Goodwill [Roll Forward]
Beginning Balance	189.5	198.8
Measurement Period Adjustments
Foreign currency translation adjustment	(0.3)	1.5
Goodwill impairment charge	(18.0)	(10.8)
Ending Balance	171.2	189.5
Cumulative goodwill impairment charges
Operating segments \| Elizabeth Arden
Goodwill [Roll Forward]
Beginning Balance	116.9	104.6
Measurement Period Adjustments		12.3
Foreign currency translation adjustment	0.0
Goodwill impairment charge	0.0
Ending Balance	116.9	116.9
Cumulative goodwill impairment charges
Operating segments \| Fragrance
Goodwill [Roll Forward]
Beginning Balance	120.8	120.8
Measurement Period Adjustments
Foreign currency translation adjustment	0.0
Goodwill impairment charge	0.0
Ending Balance	120.8	120.8
Cumulative goodwill impairment charges
Operating segments \| Revlon, Portfolio, Elizabeth Arden and Fragrances Segments
Goodwill [Roll Forward]
Beginning Balance	692.5	689.5
Measurement Period Adjustments		12.3
Foreign currency translation adjustment	(0.6)	1.5
Goodwill impairment charge	(18.0)	(10.8)
Ending Balance	673.9	$ 692.5
Cumulative goodwill impairment charges	$ (55.2)

GOODWILL AND INTANGIBLE ASSETS, NET - Summary of Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross carrying amount	$ 574.1	$ 575.1
Finite-lived intangible assets, accumulated amortization	(187.3)	(130.9)
Finite-lived intangible assets, net carrying amount	386.8	444.2
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, carrying amount	145.2	147.9
Intangible assets, gross carrying amount	719.3	723.0
Intangible assets, net carrying amount	532.0	592.1
Trade names
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, carrying amount	145.2	147.9
Trademarks and licenses
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross carrying amount	272.3	271.4
Finite-lived intangible assets, accumulated amortization	(94.3)	(72.8)
Finite-lived intangible assets, net carrying amount	$ 178.0	$ 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	$ 248.6	$ 250.6
Finite-lived intangible assets, accumulated amortization	(77.9)	(46.8)
Finite-lived intangible assets, net carrying amount	$ 170.7	$ 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	$ 20.8
Finite-lived intangible assets, accumulated amortization	(10.1)	(8.4)
Finite-lived intangible assets, net carrying amount	$ 10.8	$ 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
Finite-lived intangible assets, accumulated amortization	(4.0)	(2.3)
Finite-lived intangible assets, net carrying amount	$ 27.0	$ 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
Finite-lived intangible assets, accumulated amortization	(1.0)	(0.6)
Finite-lived intangible assets, net carrying amount	$ 0.3	$ 0.7
Weighted average useful life	1 year	2 years

GOODWILL AND INTANGIBLE ASSETS, NET - Estimated Future Amortization Expense (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
2019	$ 41.3
2020	34.1
2021	33.1
2022	32.2
2023	30.7
Thereafter	215.4
Finite-lived intangible assets, net carrying amount	$ 386.8	$ 444.2

ACCRUED EXPENSES AND OTHER - Components of Accrued Expenses and Other (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Payables and Accruals [Abstract]
Advertising and promotional costs	$ 76.2	$ 84.0
Sales returns and allowances	97.7	61.7
Compensation and related benefits	55.9	59.6
Taxes	30.9	48.4
Restructuring reserve	26.4	33.3
Interest	33.8	23.8
Other	110.0	102.0
Accrued expenses and other	$ 430.9	$ 412.8

SHORT-TERM BORROWINGS (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Short Term Debt Disclosure [Abstract]
Short-term borrowings	$ 9.3	$ 12.4
Weighted average interest rate	6.20%	5.00%

LONG-TERM DEBT - Components of Long-term Debt (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Long-term debt		$ 3,075.8	$ 2,823.9
Current portion of long-term debt		348.1	170.2
Long-term debt		2,727.7	2,653.7
Short-term borrowings		9.3	12.4
2018 Foreign Asset-Based Term Loan Credit Agreement due 2021
Debt Instrument [Line Items]
Long-term debt		82.7	0.0
2016 Revolving Credit Facility due 2021
Debt Instrument [Line Items]
Long-term debt		330.0	152.1
Current portion of long-term debt		330.0	152.1
2016 Term Loan due 2023
Debt Instrument [Line Items]
Long-term debt		1,724.6	1,735.9
Repayment of debt		$ 18.1
5.75% Senior Notes due 2021
Debt Instrument [Line Items]
Stated interest rate		5.75%
Long-term debt		$ 496.6	495.1
6.25% Senior Notes due 2024
Debt Instrument [Line Items]
Stated interest rate		6.25%
Long-term debt		$ 441.4	440.3
Spanish Government Loan due 2025
Debt Instrument [Line Items]
Long-term debt		$ 0.5	$ 0.5
Scenario, Forecast \| 2016 Revolving Credit Facility due 2021
Debt Instrument [Line Items]
Repayment of debt	$ 18.0

LONG-TERM DEBT - 2018 Foreign Asset-Based Term Loan Credit Agreement (Details) - 12 months ended Dec. 31, 2018 $ in Millions	USD ($)	EUR (€)	USD ($)
Line of Credit Facility [Line Items]
Aggregate principal amount outstanding			$ 3,133.3
Revlon Consumer Products Corporation \| 2018 Foreign Asset-Based Term Loan Credit Agreement due 2021 \| Secured Debt
Line of Credit Facility [Line Items]
Maximum borrowing capacity \| €		€ 77,000,000
Additional borrowing capacity \| €		€ 43,000,000
Borrowing base calculation, percentage of eligible accounts receivable		85.00%	85.00%
Borrowing base calculation, percentage of eligible inventory		90.00%	90.00%
Early prepayment premium, percent		1.00%	1.00%
Percentage of cash deposits that may not exceed borrowing base	10.00%
Debt issuance costs - capitalized and expensed	$ 5.7
Aggregate principal amount outstanding			$ 88.3
EURIBOR \| Revlon Consumer Products Corporation \| 2018 Foreign Asset-Based Term Loan Credit Agreement due 2021 \| Secured Debt
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	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2018	Dec. 31, 2017	Jun. 30, 2018	Dec. 31, 2016	Aug. 04, 2016	Dec. 31, 2013	Feb. 08, 2013
Line of Credit Facility [Line Items]
Repayments of long-term lines of credit		$ 18,000,000	$ 18,000,000
5.75% Senior Notes
Line of Credit Facility [Line Items]
Stated interest rate	5.75%	5.75%
6.25% Senior Notes
Line of Credit Facility [Line Items]
Stated interest rate	6.25%	6.25%
Revlon Consumer Products Corporation \| 2018 Senior Line of Credit \| Unsecured Debt
Line of Credit Facility [Line Items]
Commitment				$ 50,000,000
Highest amount borrowed during period		$ 35,000,000
Stated interest rate	8.00%	8.00%
Repayments of long-term lines of credit	$ 15,000,000
Revlon Consumer Products Corporation \| 5.75% Senior Notes
Line of Credit Facility [Line Items]
Stated interest rate	5.75%	5.75%					5.75%	5.75%
Aggregate principal amount							$ 500,000,000
Revlon Consumer Products Corporation \| 6.25% Senior Notes
Line of Credit Facility [Line Items]
Stated interest rate	6.25%	6.25%			6.25%	6.25%		6.25%
Aggregate principal amount	$ 450,000,000	$ 450,000,000			$ 450,000,000	$ 450,000,000

LONG-TERM DEBT - 2016 Revolving Credit Facility (Details) € in Millions	12 Months Ended
	Dec. 31, 2018 USD ($) shares	Dec. 31, 2018 EUR (€)	Dec. 31, 2018 USD ($)	Apr. 30, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Aug. 04, 2016 USD ($)	Dec. 31, 2013 USD ($)	Feb. 08, 2013
Debt Instrument [Line Items]
Aggregate principal amount outstanding			$ 3,133,300,000
Repayment of principal amount of borrowings outstanding of acquiree	$ 142,000,000
Net deferred financing costs			4,000,000		$ 5,000,000
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
Revlon Consumer Products Corporation \| Elizabeth Arden
Debt Instrument [Line Items]
Acquisition, consideration transferred, cash on hand	$ 126,700,000
Tranche B \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 41,500,000.0	$ 41,500,000.0
Borrowing base calculation, qualified restricted cash cap				15,000,000
Borrowing base calculation, percentage of eligible accounts receivable		10.00%	10.00%
Borrowing base calculation, percentage of eligible inventory		10.00%	10.00%
Unused capacity commitment fee percentage	0.50%
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
Tranche A \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Proceeds from lines of credit	$ 35,000,000
Tranche A \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Maximum borrowing capacity			400,000,000.0	$ 400,000,000
Borrowing base calculation, qualified restricted cash cap			$ 75,000,000
Borrowing base calculation, percentage of eligible accounts receivable		85.00%	85.00%
Borrowing base calculation, percentage of eligible inventory		85.00%	85.00%
Borrowing base calculation, percentage of net orderly liquidation value of eligible equipment and real property		75.00%	75.00%
Borrowing base calculation, percentage of mortgage value of eligible equipment and real property		75.00%	75.00%
Borrowing base calculation, eligible real property			$ 40,000,000
Amount by which available liquidity does not exceed principal amount of other debt			200,000,000
Unused capacity commitment fee percentage	0.25%
Remaining borrowing capacity			96,400,000
2016 Revolving Credit Facility due 2021 \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Maximum borrowing capacity			400,000,000
Aggregate principal amount outstanding			335,000,000
Debt term	5 years
2016 Revolving Credit Facility due 2021 \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Maximum borrowing capacity			441,500,000.0
Maximum borrowing capacity, potential increase			$ 33,500,000.0
Equity of first tier foreign subsidiaries in excess of voting equity interests		65.00%	65.00%
Borrowing base capped percentage	100.00%
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
Remaining borrowing capacity			96,400,000
2016 Revolving Credit Facility due 2021 \| Sublimit, letters of credit \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Maximum borrowing capacity			100,000,000
2016 Revolving Credit Facility due 2021 \| Swing Line Loans \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Maximum borrowing capacity			70,000,000
2016 Term Loan due 2023
Debt Instrument [Line Items]
Repayment of debt	$ 18,100,000
2016 Term Loan due 2023 \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Maximum borrowing capacity			1,800,000,000.0
Aggregate principal amount outstanding		€ 77	1,759,500,000
Debt term	7 years
Aggregate principal amount			1,800,000,000.0
Amount by which available liquidity does not exceed principal amount of other debt			$ 200,000,000.0
Equity of first tier foreign subsidiaries in excess of voting equity interests		65.00%	65.00%
6.25% Senior Notes due 2024
Debt Instrument [Line Items]
Stated interest rate		6.25%	6.25%
6.25% Senior Notes due 2024 \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Aggregate principal amount outstanding			$ 450,000,000
Stated interest rate		6.25%	6.25%			6.25%	6.25%		6.25%
Aggregate principal amount			$ 450,000,000			$ 450,000,000	$ 450,000,000
Elizabeth Arden senior notes \| Elizabeth Arden
Debt Instrument [Line Items]
Acquisition, consideration transferred, repayment of debt of acquiree	$ 350,000,000
Elizabeth Arden revolving credit facility \| Elizabeth Arden
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 300,000,000
Elizabeth Arden second lien credit facility \| Elizabeth Arden
Debt Instrument [Line Items]
Acquisition, consideration transferred, repayment of debt of acquiree	25,000,000
2011 Term Loan \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Repayment of debt	651,400,000
Acquisition Term Loan \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Repayment of debt	$ 658,600,000
5.75% Senior Notes due 2021
Debt Instrument [Line Items]
Stated interest rate		5.75%	5.75%
5.75% Senior Notes due 2021 \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Aggregate principal amount outstanding			$ 500,000,000
Stated interest rate		5.75%	5.75%					5.75%	5.75%
Aggregate principal amount								$ 500,000,000
Alternate base rate \| 2016 Term Loan due 2023 \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate	2.50%
Alternate base rate \| Average Excess Availability, Threshold One \| Tranche B \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate	1.50%
Alternate base rate \| Average Excess Availability, Threshold One \| Tranche A \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate	0.25%
Alternate base rate \| Average Excess Availability, Threshold Two \| Tranche B \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate	1.75%
Alternate base rate \| Average Excess Availability, Threshold Two \| Tranche A \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate	0.50%
Alternate base rate \| Average Excess Availability, Threshold Three \| Tranche B \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate	2.00%
Alternate base rate \| Average Excess Availability, Threshold Three \| Tranche A \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate	0.75%
EURIBOR \| Average Excess Availability, Threshold One \| Tranche B \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate	2.50%
EURIBOR \| Average Excess Availability, Threshold One \| Tranche A \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate	1.25%
EURIBOR \| Average Excess Availability, Threshold Two \| Tranche B \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate	2.75%
EURIBOR \| Average Excess Availability, Threshold Two \| Tranche A \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate	1.50%
EURIBOR \| Average Excess Availability, Threshold Three \| Tranche B \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate	3.00%
EURIBOR \| Average Excess Availability, Threshold Three \| Tranche A \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate	1.75%

LONG-TERM DEBT - 2016 Term Loan Facility (Details) € in Millions	12 Months Ended
	Dec. 31, 2018 EUR (€)	Dec. 31, 2018 USD ($)	Dec. 31, 2013 USD ($)	Feb. 08, 2013
Debt Instrument [Line Items]
Aggregate principal amount outstanding		$ 3,133,300,000
2016 Term Loan due 2023 \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Aggregate principal amount		1,800,000,000.0
Amount by which available liquidity does not exceed principal amount of other debt		200,000,000.0
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
Maximum borrowing capacity, additional potential increase if other debt repaid and terminated		400,000,000
Aggregate principal amount outstanding	€ 77	$ 1,759,500,000
Equity of first tier foreign subsidiaries in excess of voting equity interests	65.00%	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 Term Loan due 2023 \| Adjusted LIBOR \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Variable rate floor	0.75%
Basis spread on variable interest rate	3.50%
2016 Term Loan due 2023 \| Alternate base rate \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate	2.50%
5.75% Senior Notes due 2021
Debt Instrument [Line Items]
Stated interest rate	5.75%	5.75%
5.75% Senior Notes due 2021 \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Aggregate principal amount			$ 500,000,000
Stated interest rate	5.75%	5.75%	5.75%	5.75%
Aggregate principal amount outstanding		$ 500,000,000

LONG-TERM DEBT - 5.75% Senior Notes (Details) - USD ($)		1 Months Ended	12 Months Ended
LONG-TERM DEBT - 5.75% Senior Notes (Details) - USD ($)	Feb. 08, 2013	Dec. 31, 2013	Dec. 31, 2018	Dec. 31, 2016	Aug. 04, 2016
Debt Instrument [Line Items]
Aggregate principal amount outstanding			$ 3,133,300,000
5.75% Senior Notes due 2021
Debt Instrument [Line Items]
Stated interest rate			5.75%
6.25% Senior Notes due 2024
Debt Instrument [Line Items]
Stated interest rate			6.25%
Revlon Consumer Products Corporation \| 5.75% Senior Notes due 2021
Debt Instrument [Line Items]
Stated interest rate	5.75%	5.75%	5.75%
Aggregate principal amount		$ 500,000,000
Net proceeds from issuance of debt		491,200,000
Financing fees		$ 19,400,000
Redemption price percentage			100.00%
Redemption price percentage, change of control			101.00%
Aggregate principal amount outstanding			$ 500,000,000
Revlon Consumer Products Corporation \| Original 5.75% Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount	$ 500,000,000
Revlon Consumer Products Corporation \| 6.25% Senior Notes due 2024
Debt Instrument [Line Items]
Stated interest rate	6.25%		6.25%	6.25%	6.25%
Aggregate principal amount			$ 450,000,000	$ 450,000,000	$ 450,000,000
Redemption price percentage			106.25%
Redemption price percentage, change of control			101.00%
Aggregate principal amount outstanding			$ 450,000,000
Revlon Consumer Products Corporation \| 9.75% Senior Notes
Debt Instrument [Line Items]
Stated interest rate		9.75%
Debt repaid		$ 330,000,000
Accrued interest		$ 8,600,000
Revlon Consumer Products Corporation \| 2011 Term Loan
Debt Instrument [Line Items]
Debt repaid	$ 113,000,000

LONG-TERM DEBT - 6.25% Senior Notes (Details)	12 Months Ended
LONG-TERM DEBT - 6.25% Senior Notes (Details)	Dec. 31, 2018 USD ($)	Dec. 31, 2016 USD ($)	Aug. 04, 2016 USD ($)	Feb. 08, 2013
Debt Instrument [Line Items]
Aggregate principal amount outstanding	$ 3,133,300,000
6.25% Senior Notes
Debt Instrument [Line Items]
Stated interest rate	6.25%
Revlon Consumer Products Corporation \| 6.25% Senior Notes
Debt Instrument [Line Items]
Stated interest rate	6.25%	6.25%	6.25%	6.25%
Aggregate principal amount	$ 450,000,000	$ 450,000,000	$ 450,000,000
Redemption price percentage, change of control	101.00%
Percentage of principal amount that may be redeemed	40.00%
Redemption price percentage	106.25%
Minimum percentage of principal that must remain outstanding after redemption	60.00%
Aggregate principal amount outstanding	$ 450,000,000
Treasury Rate \| Revlon Consumer Products Corporation \| 6.25% Senior Notes
Debt Instrument [Line Items]
Make-whole premium basis spread	0.005

LONG-TERM DEBT - Debt Redemption Prices (Details) - Revlon Consumer Products Corporation	12 Months Ended
	Dec. 31, 2018
6.25% Senior Notes due 2024
Debt Instrument, Redemption [Line Items]
Redemption price percentage	106.25%
6.25% Senior Notes due 2024 \| 2019
Debt Instrument, Redemption [Line Items]
Redemption price percentage	104.688%
6.25% Senior Notes due 2024 \| 2020
Debt Instrument, Redemption [Line Items]
Redemption price percentage	103.125%
6.25% Senior Notes due 2024 \| 2021
Debt Instrument, Redemption [Line Items]
Redemption price percentage	101.563%
6.25% Senior Notes due 2024 \| 2022 and thereafter
Debt Instrument, Redemption [Line Items]
Redemption price percentage	100.00%
5.75% Senior Notes due 2021
Debt Instrument, Redemption [Line Items]
Redemption price percentage	100.00%

LONG-TERM DEBT - Covenants (Details) - Revlon Consumer Products Corporation - USD ($)	Dec. 31, 2018	Apr. 30, 2018	Dec. 31, 2017
2016 Revolving Credit Facility due 2021
Debt Instrument [Line Items]
Commitment	$ 400,000,000
Amount of liquidity and availability	96,400,000
Revolving Credit Facility \| Tranche A
Debt Instrument [Line Items]
Commitment	400,000,000.0	$ 400,000,000
Aggregate principal amount outstanding	293,500,000
Remaining borrowing capacity	96,400,000
Calculated borrowing base	441,500,000
Revolving Credit Facility \| Tranche B
Debt Instrument [Line Items]
Commitment	41,500,000.0	$ 41,500,000.0
Aggregate principal amount outstanding	41,500,000
Revolving Credit Facility \| 2016 Revolving Credit Facility due 2021
Debt Instrument [Line Items]
Commitment	441,500,000.0
Aggregate principal amount outstanding	335,000,000
Remaining borrowing capacity	96,400,000
Sublimit, letters of credit
Debt Instrument [Line Items]
Standby and trade letters of credit for various corporate purposes	10,100,000		$ 10,100,000
Sublimit, letters of credit \| Tranche A
Debt Instrument [Line Items]
Standby and trade letters of credit for various corporate purposes	10,100,000
Sublimit, letters of credit \| 2016 Revolving Credit Facility due 2021
Debt Instrument [Line Items]
Commitment	$ 100,000,000

LONG-TERM DEBT - Long-Term Debt Maturities (Details) € in Millions, $ in Millions	Dec. 31, 2018 EUR (€)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016	Aug. 04, 2016	Dec. 31, 2013	Feb. 08, 2013
Long-Term Debt Maturities
2018		$ 353.1
2019		18.1
2020		606.4
2021		18.1
2022		1,687.6
Thereafter		450.0
Total long-term debt		3,133.3
Discounts and deferred finance charges		(57.5)
Long-term debt		3,075.8	$ 2,823.9
2016 Revolving Credit Facility due 2021
Long-Term Debt Maturities
Long-term debt		330.0	152.1
2016 Term Loan
Long-Term Debt Maturities
Long-term debt		1,724.6	1,735.9
5.75% Senior Notes due 2021
Long-Term Debt Maturities
Long-term debt		$ 496.6	495.1
Stated interest rate	5.75%	5.75%
6.25% Senior Notes due 2024
Long-Term Debt Maturities
Long-term debt		$ 441.4	$ 440.3
Stated interest rate	6.25%	6.25%
Revlon Consumer Products Corporation \| 2016 Revolving Credit Facility due 2021
Long-Term Debt Maturities
Total long-term debt		$ 335.0
Revlon Consumer Products Corporation \| 2016 Term Loan
Long-Term Debt Maturities
Total long-term debt	€ 77	1,759.5
Revlon Consumer Products Corporation \| 5.75% Senior Notes due 2021
Long-Term Debt Maturities
Total long-term debt		$ 500.0
Stated interest rate	5.75%	5.75%				5.75%	5.75%
Revlon Consumer Products Corporation \| 6.25% Senior Notes due 2024
Long-Term Debt Maturities
Total long-term debt		$ 450.0
Stated interest rate	6.25%	6.25%		6.25%	6.25%		6.25%

FAIR VALUE MEASUREMENTS - Schedule of Fair Values of Financial Assets and Liabilities (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Assets:
FX Contracts	$ 0	$ 600,000
Total assets at fair value		600,000
Liabilities:
FX Contracts		1,900,000
2013 Interest Rate Swap		900,000
Total liabilities at fair value		2,800,000
Level 1
Assets:
FX Contracts		0
Total assets at fair value		0
Liabilities:
FX Contracts		0
2013 Interest Rate Swap		0
Total liabilities at fair value		0
Level 2
Assets:
FX Contracts		600,000
Total assets at fair value		600,000
Liabilities:
FX Contracts		1,900,000
2013 Interest Rate Swap		900,000
Total liabilities at fair value		2,800,000
Level 3
Assets:
FX Contracts		0
Total assets at fair value		0
Liabilities:
FX Contracts		0
2013 Interest Rate Swap		0
Total liabilities at fair value		$ 0

FAIR VALUE MEASUREMENTS - Schedule of Fair Values of Financial Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Liabilities:
Fair Value, Long-term debt, including current portion	$ 2,259.5	$ 2,131.5
Carrying Value, Long-term debt, including current portion	3,075.8	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	2,259.5	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
	Dec. 31, 2016	Dec. 31, 2018	Dec. 31, 2017	Sep. 07, 2016	Aug. 04, 2016	Nov. 30, 2013	Feb. 08, 2013
Fair Value Measurements Of Financial Instruments [Line Items]
Accumulated deferred losses, gross		$ 6,300,000	$ 3,900,000
Accumulated income (loss)	$ 614,800,000	1,056,800,000	770,400,000
FX Contracts		$ 0	600,000
6.25% Senior Notes due 2024
Fair Value Measurements Of Financial Instruments [Line Items]
Stated interest rate		6.25%
Revlon Consumer Products Corporation \| 6.25% Senior Notes due 2024
Fair Value Measurements Of Financial Instruments [Line Items]
Stated interest rate	6.25%	6.25%			6.25%		6.25%
Deferred gain - hedging
Fair Value Measurements Of Financial Instruments [Line Items]
Accumulated income (loss)	$ 3,000,000	$ 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)	0.75%					1.00%
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)	$ 3,000,000	0	700,000	$ 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		7,300,000
Sublimit, letters of credit \| Revlon Consumer Products Corporation
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 $ in Millions	Dec. 31, 2017 USD ($)
Foreign exchange contracts \| Prepaid expenses and other
Derivative Instruments [Abstract]
Fair value of gross derivative asset	$ 0.6
Foreign exchange contracts \| Accrued expenses and other
Derivative Instruments [Abstract]
Fair value of gross derivative liabilities	1.9
Interest rate swap \| Prepaid expenses and other
Derivative Instruments [Abstract]
Fair value of gross derivative asset	0.0
Interest rate swap \| Accrued expenses and other
Derivative Instruments [Abstract]
Fair value of gross derivative liabilities	$ 0.9

FINANCIAL INSTRUMENTS - Effects of Derivative Financial Instruments, Other Comprehensive Income (Loss) and Net Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Revaluation of derivative financial instruments, net of reclassifications into earnings, tax expense (benefit)	$ 0.5	$ 1.4
Interest rate swap \| Designated as hedging instrument
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in other comprehensive income	0.7	2.3
Interest rate swap \| Designated as hedging instrument \| Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in net income	(1.2)	(3.7)
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	0.2	0.1
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	$ (4.1)

PENSION AND POST-RETIREMENT BENEFITS - Additional Information (Details)		1 Months Ended		12 Months Ended
	Dec. 31, 2012 plan	Jan. 30, 2019 USD ($)	Jan. 31, 2018 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of qualified defined benefit pension plans \| plan	2
Net periodic benefit (income) costs				$ 2,600,000	$ 1,500,000
Expected recognition of net actuarial loss in next fiscal year				9,600,000
Expected recognition of prior service cost in next fiscal year				200,000
Estimated contributions in next fiscal year				12,000,000
Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit (income) costs				1,800,000	800,000
Employer contributions				8,000,000	7,600,000
Other Post-Retirement Benefit Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit (income) costs				800,000	700,000
Employer contributions				800,000	900,000
Savings Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Company matching contribution per dollar contributed				$ 0.50
Percent of eligible compensation Company matches				6.00%
Employer matching cash contributions				$ 5,300,000	5,500,000
Employer discretionary profit sharing contributions				6,800,000	5,100,000
Employer discretionary profit sharing contributions paid			$ 1,100,000	$ 5,300,000	$ 4,000,000
Employer discretionary profit sharing contributions, percentage of employee gross pay				3.00%	3.00%
Savings Plan \| Subsequent Event
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer discretionary profit sharing contributions paid		$ 1,500,000
Savings Plan \| Non Highly Compensated Participants
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employee maximum contribution as a percent of eligible compensation				25.00%
Savings Plan \| Highly Compensated Participants
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employee maximum contribution as a percent of eligible compensation				10.00%
Elizabeth Arden Defined Contribution Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer matching cash contributions				$ 2,500,000
Pension Plan Liabilities Retained by Affiliates
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Receivables from affiliates				$ 2,400,000	$ 2,600,000
United States
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected long-term return on plan assets				6.00%	6.50%
International Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected long-term return on plan assets				4.95%	4.81%

PENSION AND POST-RETIREMENT BENEFITS - Aggregate Reconciliation of Projected Benefit Obligations, Plan Assets, Funded Status and Amounts Recognized (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Change in Benefit Obligation:
Benefit obligation - beginning of year	$ (661.4)
Benefit obligation - end of year	(591.0)	$ (661.4)
Change in Plan Assets:
Fair value of plan assets - beginning of year	497.2
Fair value of plan assets - end of year	432.4	497.2
Pension Plans
Change in Benefit Obligation:
Benefit obligation - beginning of year	(661.4)	(640.5)
Service cost	(2.0)	(3.0)
Interest cost	(18.6)	(19.6)
Actuarial gain (loss)	42.0	(22.3)
Curtailment gain	0.0	3.3
Other pension settlements	0.0	3.6
Benefits paid	45.2	43.2
Other	0.0	(18.4)
Plan participant contributions	(0.6)	(0.7)
Foreign currency translation adjustments	4.4	(7.0)
Benefit obligation - end of year	(591.0)	(661.4)
Change in Plan Assets:
Fair value of plan assets - beginning of year	497.2	464.0
Actual return on plan assets	(24.2)	53.5
Employer contributions	8.0	7.6
Other pension settlements	0.0	(3.6)
Benefits paid	(45.2)	(43.2)
Other	0.0	11.6
Plan participant contributions	0.6	0.7
Foreign currency translation adjustments	(4.0)	6.6
Fair value of plan assets - end of year	432.4	497.2
Total liability	(158.6)	(164.2)
Other Post-Retirement Benefit Plans
Change in Benefit Obligation:
Benefit obligation - beginning of year	(14.0)	(13.4)
Service cost	0.0	0.0
Interest cost	(0.4)	(0.4)
Actuarial gain (loss)	1.4	(1.1)
Curtailment gain	0.0	0.0
Other pension settlements	0.0	0.0
Benefits paid	0.8	0.9
Other	0.0	0.0
Plan participant contributions	0.0	0.0
Foreign currency translation adjustments	0.0	0.0
Benefit obligation - end of year	(12.2)	(14.0)
Change in Plan Assets:
Fair value of plan assets - beginning of year	0.0	0.0
Actual return on plan assets	0.0	0.0
Employer contributions	0.8	0.9
Other pension settlements	0.0	0.0
Benefits paid	(0.8)	(0.9)
Other	0.0
Plan participant contributions	0.0
Foreign currency translation adjustments	0.0	0.0
Fair value of plan assets - end of year	0.0	0.0
Total liability	$ (12.2)	$ (14.0)

PENSION AND POST-RETIREMENT BENEFITS - Summary of Amounts Recognized in Respect to Pension Plans and Other Post-retirement Benefit Plans (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Other long-term assets	$ 130.8	$ 118.4
Accrued expenses and other	(430.9)	(412.8)
Pension and other post-retirement benefit liabilities	(169.0)	(172.8)
Accumulated other comprehensive loss, gross	255.3
Income tax benefit	(45.0)
Portion allocated to Revlon Holdings	(0.8)
Accumulated other comprehensive loss, net	209.5
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Other long-term assets	4.8	1.5
Accrued expenses and other	(5.9)	(6.2)
Pension and other post-retirement benefit liabilities	(157.5)	(159.5)
Total liability	(158.6)	(164.2)
Accumulated other comprehensive loss, gross	252.6	253.2
Income tax benefit	(44.4)	(43.3)
Portion allocated to Revlon Holdings	(0.8)	(0.9)
Accumulated other comprehensive loss, net	207.4	209.0
Other Post-Retirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Other long-term assets	0.0	0.0
Accrued expenses and other	(0.7)	(0.7)
Pension and other post-retirement benefit liabilities	(11.5)	(13.3)
Total liability	(12.2)	(14.0)
Accumulated other comprehensive loss, gross	2.7	4.5
Income tax benefit	(0.6)	(0.9)
Portion allocated to Revlon Holdings	0.0	(0.2)
Accumulated other comprehensive loss, net	$ 2.1	$ 3.4

PENSION AND POST-RETIREMENT BENEFITS - Projected Benefit Obligation, Accumulated Benefit Obligation, and Fair Value of Plan Assets (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Retirement Benefits [Abstract]
Projected benefit obligation	$ 591.0	$ 661.4
Accumulated benefit obligation	589.1	661.1
Fair value of plan assets	$ 432.4	$ 497.2

PENSION AND POST-RETIREMENT BENEFITS - Components of Net Periodic Benefit Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Net periodic benefit costs:
Total net periodic benefit costs	$ 2.6	$ 1.5
Pension Plans
Net periodic benefit costs:
Service cost	2.0	3.0
Interest cost	18.6	19.6
Expected return on plan assets	(27.8)	(28.6)
Amortization of actuarial loss	9.2	9.5
Curtailment gain	(0.1)	(2.6)
Total net periodic benefit costs prior to allocation	1.9	0.9
Portion allocated to Revlon Holdings	(0.1)	(0.1)
Total net periodic benefit costs	1.8	0.8
Other Post-Retirement Benefit Plans
Net periodic benefit costs:
Service cost	0.0	0.0
Interest cost	0.4	0.4
Expected return on plan assets	0.0	0.0
Amortization of actuarial loss	0.4	0.3
Curtailment gain	0.0	0.0
Total net periodic benefit costs prior to allocation	0.8	0.7
Portion allocated to Revlon Holdings	0.0	0.0
Total net periodic benefit costs	$ 0.8	$ 0.7

PENSION AND POST-RETIREMENT BENEFITS - Classification of Net Periodic Pension (Income) Costs (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit (income) costs		$ 2.6	$ 1.5
Cost of sales
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit (income) costs		0.1	0.0
Selling, general and administrative expense
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit (income) costs		1.9	$ 3.0
Miscellaneous, net
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit (income) costs	$ (1.5)	$ 0.6

PENSION AND POST-RETIREMENT BENEFITS - Summary of Unrecognized Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss	$ 255.4
Prior service cost	(0.1)
Accumulated Other Comprehensive Loss, Gross	255.3
Income tax benefit	(45.0)
Portion allocated to Revlon Holdings	(0.8)
Accumulated other comprehensive loss, net	209.5
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss	252.7
Prior service cost	(0.1)
Accumulated Other Comprehensive Loss, Gross	252.6	$ 253.2
Income tax benefit	(44.4)	(43.3)
Portion allocated to Revlon Holdings	(0.8)	(0.9)
Accumulated other comprehensive loss, net	207.4	209.0
Other Post-Retirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss	2.7
Prior service cost	0.0
Accumulated Other Comprehensive Loss, Gross	2.7	4.5
Income tax benefit	(0.6)	(0.9)
Portion allocated to Revlon Holdings	0.0	(0.2)
Accumulated other comprehensive loss, net	$ 2.1	$ 3.4

PENSION AND POST-RETIREMENT BENEFITS - Weighted-average Assumptions Used to Determine Projected Benefit Obligation for Current Year (Details)	Dec. 31, 2018	Dec. 31, 2017
United States
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.13%	3.47%
Rate of future compensation increases	3.50%	3.50%
International Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate	2.52%	2.19%
Rate of future compensation increases	2.02%	1.75%

PENSION AND POST-RETIREMENT BENEFITS - Weighted-average Assumptions Used to Determine Net Periodic Benefit Cost (Details)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
United States
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.47%	3.92%
Expected long-term return on plan assets	6.00%	6.50%
Rate of future compensation increases	3.50%	3.50%
International Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate	2.19%	2.24%
Expected long-term return on plan assets	4.95%	4.81%
Rate of future compensation increases	1.75%	2.01%

PENSION AND POST-RETIREMENT BENEFITS - Weighted Average Risk Target Ranges Per Asset Class (Details)	Dec. 31, 2018
United States \| Minimum \| Common and preferred stock
Defined Benefit Plan Disclosure [Line Items]
Target ranges	0.00%
United States \| Minimum \| Mutual funds
Defined Benefit Plan Disclosure [Line Items]
Target ranges	20.00%
United States \| Minimum \| Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Target ranges	10.00%
United States \| Minimum \| Common and collective funds
Defined Benefit Plan Disclosure [Line Items]
Target ranges	30.00%
United States \| Minimum \| Hedge funds
Defined Benefit Plan Disclosure [Line Items]
Target ranges	5.00%
United States \| Minimum \| Cash and other investments
Defined Benefit Plan Disclosure [Line Items]
Target ranges	0.00%
United States \| Maximum \| Common and preferred stock
Defined Benefit Plan Disclosure [Line Items]
Target ranges	10.00%
United States \| Maximum \| Mutual funds
Defined Benefit Plan Disclosure [Line Items]
Target ranges	30.00%
United States \| Maximum \| Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Target ranges	20.00%
United States \| Maximum \| Common and collective funds
Defined Benefit Plan Disclosure [Line Items]
Target ranges	50.00%
United States \| Maximum \| Hedge funds
Defined Benefit Plan Disclosure [Line Items]
Target ranges	15.00%
United States \| Maximum \| Cash and other investments
Defined Benefit Plan Disclosure [Line Items]
Target ranges	10.00%
International Plans \| Common and preferred stock
Defined Benefit Plan Disclosure [Line Items]
Target ranges	0.00%
International Plans \| Mutual funds
Defined Benefit Plan Disclosure [Line Items]
Target ranges	0.00%
International Plans \| Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Target ranges	0.00%
International Plans \| Common and collective funds
Defined Benefit Plan Disclosure [Line Items]
Target ranges	100.00%
International Plans \| Hedge funds
Defined Benefit Plan Disclosure [Line Items]
Target ranges	0.00%
International Plans \| Cash and other investments
Defined Benefit Plan Disclosure [Line Items]
Target ranges	0.00%

PENSION AND POST-RETIREMENT BENEFITS - Fair Value of Pension Plan Assets (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 432.4	$ 497.2
United States
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	358.3	413.6
International Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 74.1	$ 83.6

PENSION AND POST-RETIREMENT BENEFITS - Estimated Future Benefit Payments (Details) $ in Millions	Dec. 31, 2018 USD ($)
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
2019	$ 44.5
2020	44.5
2021	42.3
2022	42.6
2023	41.8
Years 2024 to 2028	196.1
Other Post-Retirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
2019	1.2
2020	1.2
2021	1.2
2022	1.1
2023	1.1
Years 2024 to 2028	$ 4.7

STOCK COMPENSATION PLAN - Additional Information (Details) - USD ($) $ in Millions								1 Months Ended	12 Months Ended
	Nov. 16, 2018	Nov. 08, 2018	Jul. 17, 2018	Apr. 17, 2018	Mar. 15, 2018	Apr. 17, 2017	Apr. 15, 2017	Apr. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance (in shares)									6,565,000
Shares remaining available for grants (in shares)									2,600,000
Term of plan									7 years
Options exercisable (in shares)										0
Allocated share-based compensation expense									$ 17.2	$ 6.8
Shares withheld for withholding taxes (in shares)										89,620
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of restricted stock and restricted stock units vested									12.8	$ 7.0
Deferred stock-based compensation									$ 19.9
Weighted average remaining contractual terms									2 years 1 month 2 days
Shares withheld for withholding taxes (in shares)									167,297	89,620
Time-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense									$ 4.3
Deferred stock-based compensation									$ 7.1
Awards granted (in shares)									617,100
Number of awards vested (in shares)									0
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense									$ 3.1
Deferred stock-based compensation									$ 8.3
Awards granted (in shares)									617,100
Number of awards vested (in shares)									0
Award vesting rights, target percentage									100.00%
Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award requisite service period									7 years
Share based payment award options vesting period range start									1 year
Share based payment award options vesting period range end									4 years
Options exercisable (in shares)									0
Stock Plan \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense									$ 9.8
Deferred stock-based compensation									$ 4.5
Share based payment award period range start									2 years
Share based payment award period range end									5 years
Awards granted (in shares)									69,767
Vesting period									3 years
LTP Program \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense									$ 7.4
Deferred stock-based compensation									$ 15.4
Awards granted (in shares)										853,111
LTP Program \| Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares withheld for withholding taxes (in shares)							30,197
LTP Program \| Chief Executive Officer \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)					69,767		270,489
LTP Program \| Chief Executive Officer \| Time-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	73,986	12,690
LTP Program \| Chief Executive Officer \| Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	73,986	12,690
Vesting period	3 years	3 years
LTP Program \| Chief Operating Officer \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)						192,307
Shares withheld for withholding taxes (in shares)								18,835
Number of awards vested (in shares)			11,217
LTP Program \| First Tranche \| Chief Executive Officer \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage							20.00%
LTP Program \| First Tranche \| Chief Executive Officer \| Time-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	33.33%
LTP Program \| First Tranche \| Chief Financial Officer \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage					33.33%
LTP Program \| First Tranche \| Chief Financial Officer \| Time-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage		33.33%
LTP Program \| First Tranche \| Chief Operating Officer \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage				20.00%
LTP Program \| Second Tranche \| Chief Executive Officer \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage							80.00%
LTP Program \| Second Tranche \| Chief Executive Officer \| Time-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	33.33%
LTP Program \| Second Tranche \| Chief Financial Officer \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage					33.33%
LTP Program \| Second Tranche \| Chief Financial Officer \| Time-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage		33.33%
LTP Program \| Second Tranche \| Chief Operating Officer \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage				80.00%
LTP Program \| Third Tranche \| Chief Executive Officer \| Time-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	33.33%
LTP Program \| Third Tranche \| Chief Financial Officer \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage					33.33%
LTP Program \| Third Tranche \| Chief Financial Officer \| Time-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage		33.33%
2018 Long Term Incentive Program \| Time-based and Performance-based RSU Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)									903,144
2018 Long Term Incentive Program \| Time-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)									451,600
Vesting period									3 years
2018 Long Term Incentive Program \| Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period									3 years
2017 Long Term Incentive Program \| Time-based and Performance-based RSU Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)									330,972
2017 Long Term Incentive Program \| Time-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)									165,500
Vesting period									2 years
2017 Long Term Incentive Program \| Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period									2 years
Minimum \| Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage									0.00%
Minimum \| LTP Program \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period										2 years
Maximum \| Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage									150.00%
Maximum \| LTP Program \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period										5 years

STOCK COMPENSATION PLAN - Stock Option, and Restricted Stock and Restricted Stock Unit Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Weighted Average Grant Date Fair Value Per Share
Shares withheld for withholding taxes (in shares)		89,620
Restricted Stock and Restricted Stock Units
Restricted Stock
Outstanding, beginning of period (in shares)	795,000	411,000
Granted (in shares)	1,303,900	853,100
Vested (in shares)	(388,700)	(216,000)
Forfeited (in shares)	(303,500)	(253,100)
Outstanding, end of period (in shares)	1,406,700	795,000
Weighted Average Grant Date Fair Value Per Share
Outstanding, beginning of period (in dollars per share)	$ 29.87	$ 30.78
Granted (in dollars per share)	19.39	30.94
Vested (in dollars per share)	33.04	32.63
Forfeited (in dollars per share)	25.08	32.60
Outstanding, end of period (in dollars per share)	$ 20.32	$ 29.87
Shares withheld for withholding taxes (in shares)		89,620
Restricted Stock
Weighted Average Grant Date Fair Value Per Share
Shares withheld for withholding taxes (in shares)	167,297	89,620
Stock Plan \| Restricted Stock
Restricted Stock
Granted (in shares)	69,767
LTP Program \| Restricted Stock
Restricted Stock
Granted (in shares)		853,111
LTP Program \| Restricted Stock Units
Restricted Stock
Granted (in shares)	1,234,116
Forfeited (in shares)	(52,022)

STOCK COMPENSATION PLAN - Awards Granted, Forfeited and Outstanding (Details)	12 Months Ended
	Dec. 31, 2018 $ / shares shares
Time-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	617,100
Awards forfeited (in shares)	(26,000)
Awards outstanding (in shares)	591,100
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	617,100
Awards forfeited (in shares)	(26,000)
Awards outstanding (in shares)	591,100
2018 Long Term Incentive Program \| Time-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	451,600
Awards granted, weighted average grant date fair value (in USD per share) \| $ / shares	$ 19.12
Awards forfeited (in shares)	(16,900)
Awards forfeited, weighted average grant date fair value (in USD per share) \| $ / shares	$ 19.19
Awards outstanding (in shares)	434,700
Awards outstanding, weighted average grant date fair value (in USD per share) \| $ / shares	$ 19.11
2018 Long Term Incentive Program \| Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding (in shares)	434,700
2017 Long Term Incentive Program \| Time-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	165,500
Awards granted, weighted average grant date fair value (in USD per share) \| $ / shares	$ 19.70
Awards forfeited (in shares)	(9,100)
Awards forfeited, weighted average grant date fair value (in USD per share) \| $ / shares	$ 19.70
Awards outstanding (in shares)	156,400
Awards outstanding, weighted average grant date fair value (in USD per share) \| $ / shares	$ 19.70
2017 Long Term Incentive Program \| Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted, weighted average grant date fair value (in USD per share) \| $ / shares	19.70
Awards forfeited, weighted average grant date fair value (in USD per share) \| $ / shares	$ 19.70
Awards outstanding (in shares)	156,400
Awards outstanding, weighted average grant date fair value (in USD per share) \| $ / shares	$ 19.70

INCOME TAXES - Additional Information (Detail) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Provision (benefit) for income taxes

$ 2.2

$ 21.8

^[1]

Change in benefit from income taxes

(19.6)

Non-cash charge from change in statutory rate

47.9

Tax benefit from decrease in deferred tax liabilities

7.7

Deferred tax valuation allowance increase (decrease)

75.0

9.3

Tax loss carryforwards

835.3

Tax loss carryforwards - expiring 2019

1.2

Tax loss carryforwards - expiring 2020

1.0

Tax loss carryforwards - expiring 2021

0.2

Tax loss carryforwards - expiring 2022 and beyond

564.7

Tax loss carryforwards - unlimited

268.2

Unrecognized tax benefits

74.7

84.9

$ 93.3

Income tax penalties and interest accrued

9.8

9.0

$ 10.6

Unrecognized tax benefits that would impact effective tax rate

33.5

Tax deferred expense

41.2

Income tax benefit from unrecognized tax benefits

(0.8)

(1.6)

Decrease in unrecognized tax benefits is reasonably possible

5.7

Tax loss carryforwards

284.3

United States

Tax loss carryforwards

551.0

Tax Payment

Due to related parties, current

1.1

Due to related parties, noncurrent

$ 0.7

Tax Years Before 2017

Non-cash charge from change in statutory rate

30.3

Tax Year 2017

Non-cash charge from change in statutory rate

$ 17.6

[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.

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

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Loss from continuing operations before income taxes

United States

$ (298.5)

$ (190.7)

United States

6.6

27.2

Loss from continuing operations before income taxes

(291.9)

(163.5)

^[1]

Provision for income taxes

United States federal

(27.2)

7.0

State and local

(3.6)

9.0

Total provision for income taxes

33.0

5.8

2.2

21.8

^[1]

Current:

United States federal

(8.9)

(20.2)

State and local

(0.8)

1.9

Current income tax expense (benefit)

10.2

17.5

0.5

(0.8)

Deferred:

United States federal

(18.3)

27.2

State and local

(2.8)

7.1

Provision for deferred income taxes

22.8

(11.7)

$ 1.7

$ 22.6

[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.

INCOME TAXES - Reconciliation of Tax Expense to Statutory Federal Income Tax Rate (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Computed income tax benefit

$ (61.3)

$ (57.2)

State and local taxes, net of U.S. federal income tax benefit

(2.9)

6.1

Foreign and U.S. tax effects attributable to operations outside the U.S.

(9.3)

(6.5)

Net establishment (release) of valuation allowance

75.0

(1.2)

Net release of uncertain tax positions

(4.3)

(2.8)

Foreign dividends and earnings taxable in the U.S.

12.8

1.8

Impairment for which there is no tax benefit

4.3

0.4

Tax effect of basis reclassification

0.0

23.7

Impact of the Tax Act

(7.7)

47.9

Other

(4.4)

9.6

Total provision for income taxes

$ 2.2

$ 21.8

^[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.

INCOME TAXES - Deferred Taxes (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Deferred tax assets:
Inventories	$ 23.6	$ 21.2
Net operating loss carryforwards - U.S.	160.8	161.0
Net operating loss carryforwards - foreign	69.7	47.0
Disallowed Interest Carryover - U.S.	42.8	0.0
Employee benefits	53.6	54.5
Sales-related reserves	21.1	19.1
Foreign currency translation adjustment	1.1	10.3
Other	50.4	67.6
Total gross deferred tax assets	423.1	380.7
Less valuation allowance	(165.7)	(90.7)
Total deferred tax assets, net of valuation allowance	257.4	290.0
Deferred tax liabilities:
Plant, equipment and other assets	(32.6)	(21.7)
Intangibles	(81.5)	(95.0)
Other	(12.1)	(36.0)
Total gross deferred tax liabilities	(126.2)	(152.7)
Net deferred tax assets	$ 131.2	$ 137.3

INCOME TAXES - Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Tax
Beginning Balance	$ 75.9	$ 82.7
Increase based on tax positions taken in a prior year	2.8	9.1
Decrease based on tax positions taken in a prior year	(15.5)	(19.6)
Increase based on tax positions taken in the current year	6.5	11.0
Decrease resulting from the lapse of statutes of limitations	(4.8)	(7.3)
Ending Balance	64.9	75.9
Interest and Penalties
Beginning Balance	9.0	10.6
Increase based on tax positions taken in a prior year	5.4	1.5
Decrease based on tax positions taken in a prior year	(3.8)	(1.5)
Increase based on tax positions taken in the current year	0.2	0.2
Decrease resulting from the lapse of statutes of limitations	(1.0)	(1.8)
Ending Balance	9.8	9.0
Total
Beginning balance	84.9	93.3
Increase based on tax positions taken in a prior year	8.2	10.6
Decrease based on tax positions taken in a prior year	(19.3)	(21.1)
Increase based on tax positions taken in the current year	6.7	11.2
Decrease resulting from the lapse of statutes of limitations	(5.8)	(9.1)
Ending balance	$ 74.7	$ 84.9

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

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

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

$ (770.4)

$ (614.8)

^[1]

(5.8)

23.3

^[2]

Accumulated Other Comprehensive Loss

(1,056.8)

(770.4)

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

(228.4)

(251.7)

^[1]

(5.8)

23.3

Foreign Currency Translation

(234.2)

(228.4)

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

(15.0)

(24.0)

(9.4)

9.0

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

(24.4)

(15.0)

0.1

0.4

Actuarial (Loss) Gain on Post-retirement Benefits

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

(212.4)

(224.4)

2.9

12.0

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

(209.5)

(212.4)

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

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

8.4

8.1

(1.0)

(1.6)

Actuarial (Loss) Gain on Post-retirement Benefits - Pension re-measurement

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

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

(5.5)

1.8

2.5

0.3

Deferred Gain (Loss) - Hedging

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

(0.7)

(3.0)

0.7

2.3

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

0.0

(0.7)

0.5

1.4

Actuarial (Loss) Gain on Post-retirement Benefits - Curtailment (Losses) Gains

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

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

2.1

(0.3)

Other

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

(0.3)

0.0

$ (0.3)

[1]	See Note 16, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during 2018 and 2017.
[2]	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 - Reclassification out of Accumulated Comprehensive Loss (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ (770.4)	$ (614.8)
Ending balance	(1,056.8)	(770.4)
Deferred gain - hedging
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(0.7)	(3.0)
Ending balance	0.0	(0.7)
Deferred gain - hedging \| Interest rate swap
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(0.7)	(3.0)
Ending balance	0.0	(0.7)
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	0.7	2.3
Other Comprehensive Income (Loss), Tax [Abstract]
Reclassifications into earnings - tax benefit	$ 0.5	$ 1.4

STOCKHOLDERS' DEFICIENCY - Common and Treasury Stock Issued and/or Outstanding (Details) - shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Withholding of restricted stock to satisfy taxes		89,620
Common Stock \| Class A Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	54,556,100	53,956,073
Restricted stock grants		853,111
Restricted stock forfeitures		(253,084)
Ending balance	55,556,466	54,556,100
Awards granted (in shares)	1,303,883
Awards forfeited (in shares)	303,517
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	1,114,528	1,024,908
Withholding of restricted stock to satisfy taxes	167,297	89,620
Restricted stock forfeitures	251,495
Ending balance	1,533,320	1,114,528
Restricted Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Withholding of restricted stock to satisfy taxes	167,297	89,620
Restricted Stock \| Stock Plan
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock forfeitures	251,495
Awards granted (in shares)	69,767
Restricted Stock \| LTP Program
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Awards granted (in shares)		853,111
Restricted Stock Units \| LTP Program
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Awards granted (in shares)	1,234,116
Awards forfeited (in shares)	52,022

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

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

89,620

^[1]

$ 3.6

$ 2.5

Treasury Stock

167,297

89,620

^[1]

$ 10.2

$ 2.5

Class A Common Stock

Common Stock, authorized (in shares)

900,000,000

Common Stock, par value (in dollars per share)

$ 0.01

Percentage ownership of outstanding common stock

85.80%

Class A Common Stock | Treasury Stock

$ 27.67

Class B Common Stock

Common Stock, authorized (in shares)

200,000,000

Common Stock, par value (in dollars per share)

$ 0.01

Restricted Stock

167,297

89,620

$ 26.26

Shares withheld for withholding taxes

$ 6.6

$ 3.6

$ 2.5

Restricted Stock | Class A Common Stock | Treasury Stock

$ 21.42

$ 27.67

[1]

SEGMENT DATA AND RELATED INFORMATION - Additional Information (Details)	12 Months Ended
	Dec. 31, 2018 segment country	Dec. 31, 2017
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	25
Net Sales \| Customer Concentration Risk \| Walmart
Segment Reporting Information [Line Items]
Concentration risk percentage	15.00%	16.00%

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

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

$ 2,564.5

$ 2,693.7

Depreciation and amortization

(85.2)

(23.8)

^[1]

177.2

155.8

Non-Operating items:

Restructuring charges and other, net

21.8

36.2

Acquisition and integration costs

13.9

52.9

^[1]

Loss on disposal of minority investment

20.1

0.0

^[1]

Amortization of debt issuance costs

18.0

10.8

^[1]

Interest expense

176.6

149.8

^[1]

13.0

9.1

^[1]

Foreign currency losses (gains), net

15.8

(18.5)

^[1]

Miscellaneous, net

1.3

(0.7)

^[1]

Loss from continuing operations before income taxes

(291.9)

(163.5)

^[1]

Operating segments

2,564.5

2,693.7

Segment reconciling items

237.9

257.3

Depreciation and amortization

177.2

155.8

Non-cash stock compensation expense

17.2

6.8

Non-Operating items:

Restructuring charges and other, net

23.1

34.5

Acquisition and integration costs

13.9

52.9

Loss on disposal of minority investment

0.0

Oxford SAP disruption-related charges

53.6

0.0

10.8

Deferred compensation

0.0

2.0

Consumer

Consumer | Operating segments

998.3

1,089.3

998.3

1,089.3

129.6

180.1

Elizabeth Arden

Elizabeth Arden | Operating segments

490.2

433.8

490.2

433.8

24.4

6.9

Professional

Professional | Operating segments

564.6

592.5

564.6

592.5

7.9

8.1

Fragrance

Fragrance | Operating segments

511.4

578.1

511.4

578.1

Elizabeth Arden | Segment reconciling items

76.0

62.2

Non-Operating items:

Elizabeth Arden 2016 Business Transformation Program

0.0

1.1

Elizabeth Arden 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 - Schedule of Net Sales and Long-Lived Assets by Geographic Area (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 2,564.5	$ 2,693.7
Long-lived assets	1,691.2	1,775.7
North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	1,354.2	1,433.3
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	717.6	753.6
Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	241.5	219.5
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	123.2	147.4
Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	128.0	139.9
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 1,416.2	$ 1,480.1
Percentage of long lived assets by geographic location	84.00%	83.00%
International
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 275.0	$ 295.6
Percentage of long lived assets by geographic location	16.00%	17.00%
Revlon
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 998.3	$ 1,089.3
Revlon \| North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	522.3	581.7
Revlon \| EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	226.0	227.4
Revlon \| Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	105.1	108.7
Revlon \| Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	70.5	87.7
Revlon \| Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	74.4	83.8
Elizabeth Arden
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	490.2	433.8
Elizabeth Arden \| North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	135.6	136.5
Elizabeth Arden \| EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	201.0	175.5
Elizabeth Arden \| Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	119.5	88.5
Elizabeth Arden \| Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	11.4	10.2
Elizabeth Arden \| Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	22.7	23.1
Portfolio
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	564.6	592.5
Portfolio \| North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	350.4	337.9
Portfolio \| EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	170.6	198.2
Portfolio \| Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	4.0	9.4
Portfolio \| Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	25.7	32.9
Portfolio \| Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	13.9	14.1
Fragrance
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	511.4	578.1
Fragrance \| North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	345.9	377.2
Fragrance \| EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	120.0	152.5
Fragrance \| Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	12.9	12.9
Fragrance \| Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	15.6	16.6
Fragrance \| Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 17.0	$ 18.9

SEGMENT DATA AND RELATED INFORMATION - Schedule of Net Sales by Classes of Similar Products (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenue from External Customer [Line Items]
Net sales	$ 2,564.5	$ 2,693.7
Color cosmetics
Revenue from External Customer [Line Items]
Net sales		$ 955.3	$ 848.7
Percentage of net sales by classes of similar products	33.00%	35.00%
Fragrance
Revenue from External Customer [Line Items]
Net sales		$ 731.3	679.2
Percentage of net sales by classes of similar products	26.00%	27.00%
Hair care
Revenue from External Customer [Line Items]
Net sales		$ 517.3	529.3
Percentage of net sales by classes of similar products	21.00%	19.00%
Beauty care
Revenue from External Customer [Line Items]
Net sales		$ 262.4	200.4
Percentage of net sales by classes of similar products	8.00%	10.00%
Skin care
Revenue from External Customer [Line Items]
Net sales		$ 227.4	$ 306.9
Percentage of net sales by classes of similar products	12.00%	8.00%

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

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Numerator:

Loss from continuing operations, net of taxes

$ (294.1)

$ (185.3)

^[1]

(Loss) income from discontinued operations, net of taxes

(0.1)

2.1

^[1]

Net loss

$ (294.2)

$ (183.2)

^[1]

Denominator:

Weighted average common shares outstanding - Basic (shares)

52,797,686

52,597,582

^[1]

Effect of dilutive restricted stock (shares)

Weighted average common shares outstanding - Diluted (shares)

52,797,686

52,597,582

^[1]

Basic (loss) earnings per common share:

$ (5.57)

$ (3.52)

^[1]

0.00

0.04

^[1]

Diluted (loss) earnings per common share:

(5.57)

(3.48)

^[1]

(5.57)

(3.52)

^[1]

0.00

0.04

^[1]