View Filing Data

$ 2,419.6

$ 2,564.5

1,052.2

1,117.0

1,367.4

1,447.5

1,316.6

1,460.5

3.9

13.9

12.8

20.2

0.0

18.0

(26.6)

(20.1)

60.7

(85.2)

Other expenses:

196.6

176.6

Foreign currency (gains) losses, net

14.6

13.0

(1.9)

15.8

16.4

1.3

Loss from continuing operations before income taxes

225.7

206.7

(165.0)

(291.9)

(Loss) income from continuing operations, net of taxes

0.2

2.2

(165.2)

(294.1)

(Loss) income from discontinued operations, net of taxes

7.5

(0.1)

Foreign currency translation adjustments(a)

(157.7)

(294.2)

Other comprehensive (loss) income:

^[1]

(2.9)

(9.4)

Amortization of pension related costs, net of tax(b)(c)

^[2],[3]

9.0

8.4

Pension re-measurement, net of tax (d)

^[4]

(19.3)

(5.5)

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

^[5]

0.0

0.7

(13.2)

(5.8)

^[6]

Basic and Diluted (loss) earnings per common share:

$ (170.9)

$ (300.0)

Continuing operations

$ (3.11)

$ (5.57)

Discontinued operations

0.14

Weighted average number of common shares outstanding:

$ (2.97)

$ (5.57)

Basic (in shares)

53,081,321

52,797,686

Diluted (in shares)

53,081,321

52,797,686

$ 2,419.6

$ 2,564.5

1,052.2

1,117.0

1,367.4

1,447.5

1,308.7

1,454.2

3.9

13.9

12.8

20.2

0.0

18.0

(26.6)

20.1

68.6

(78.9)

Other expenses:

196.6

176.6

Foreign currency (gains) losses, net

14.6

13.0

(1.9)

15.8

16.4

1.3

Loss from continuing operations before income taxes

225.7

206.7

(157.1)

(285.6)

(Loss) income from continuing operations, net of taxes

1.6

3.4

(158.7)

(289.0)

(Loss) income from discontinued operations, net of taxes

7.5

(0.1)

Foreign currency translation adjustments(a)

(151.2)

(289.1)

Other comprehensive (loss) income:

^[7]

(2.9)

(9.4)

Amortization of pension related costs, net of tax(b)(c)

^[8],[9]

9.0

8.4

Pension re-measurement, net of tax (d)

^[10]

(19.3)

(5.5)

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

^[11]

0.0

0.7

^[12]

(13.2)

(5.8)

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

$ (164.4)

$ (294.9)

[1]	Net of tax expense of $1.8 million and a tax benefit of $0.1 million for 2019 and 2018, respectively.
[2]	Net of tax expense of $1.1 million and $1.0 million for 2019 and 2018, respectively.
[3]	This amount is included in the computation of net periodic benefit costs (income). See Note 12, "Pension and Post-Retirement Benefits," for additional information regarding net periodic benefit costs (income).
[4]	Net of tax benefit of $5.2 million and $2.5 million for 2019 and 2018, respectively.
[5]	Net of tax benefit of nil and $0.5 million for 2019 and 2018, respectively.
[6]	See Note 15, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during 2019 and 2018, respectively.
[7]	Net of tax expense of $1.8 million and a tax benefit of $0.1 million for 2019 and 2018, respectively.
[8]	Net of tax expense of $1.1 million and $1.0 million for 2019 and 2018, respectively.
[9]	This amount is included in the computation of net periodic benefit costs (income). See Note 12, "Pension and Post-Retirement Benefits," for additional information regarding net periodic benefit costs (income).
[10]	Net of tax benefit of $5.2 million and $2.5 million for 2019 and 2018, respectively.
[11]	Net of tax benefit of nil and $0.5 million for 2019 and 2018, respectively.
[12]	See Note 15, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during 2019 and 2018, respectively.

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Foreign currency translation adjustments, tax		$ 100,000
Amortization of pension related costs, tax benefit (expense)	$ (1,100,000)	(1,000,000.0)
Pension re-measurement, tax	5,200,000	2,500,000
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	(1,800,000)
Revlon Consumer Products Corporation
Foreign currency translation adjustments, tax	(1,800,000)	(100,000)
Amortization of pension related costs, tax benefit (expense)	(1,100,000)	(1,000,000.0)
Pension re-measurement, tax	5,200,000	2,500,000
Revaluation of derivative financial instruments, net of reclassifications into earnings, tax expense (benefit)	$ 0	$ 500,000

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

3 Months Ended

12 Months Ended

Dec. 31, 2019

Dec. 31, 2018

$ (1,056.8)

$ (770.4)

^[1]

$ (1.6)

(3.6)

8.1

17.2

(157.7)

(294.2)

(13.2)

^[2]

(13.2)

(5.8)

^[2]

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

(1,221.2)

(1,056.8)

Common Stock

0.5

Additional Paid-In Capital

0.5

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

1,063.8

1,040.0

^[1]

6.6

8.1

17.2

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

1,071.9

1,063.8

Treasury Stock

(31.9)

(21.7)

^[1]

(1.6)

(10.2)

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

(33.5)

(31.9)

Accumulated Deficit

(1,855.0)

(1,560.8)

(157.7)

(294.2)

Accumulated Other Comprehensive Loss

(2,012.7)

(1,855.0)

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

(234.2)

(228.4)

^[2]

(13.2)

(5.8)

(247.4)

(234.2)

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

(933.1)

(655.4)

8.1

17.2

(151.2)

(289.1)

^[3]

(13.2)

(5.8)

Revlon Consumer Products Corporation | Preferred Stock

(1,089.4)

(933.1)

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

54.6

Revlon Consumer Products Corporation | Additional Paid-In Capital

54.6

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

988.4

971.2

8.1

17.2

Revlon Consumer Products Corporation | Accumulated Deficit

996.5

988.4

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

(1,741.9)

(1,452.8)

(151.2)

(289.1)

Revlon Consumer Products Corporation | Accumulated Other Comprehensive Loss

(1,893.1)

(1,741.9)

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

(234.2)

(228.4)

^[3]

(13.2)

(5.8)

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

$ (247.4)

$ (234.2)

[1]	Pursuant to the share withholding provisions of the Fourth Amended and Restated Revlon, Inc. Stock Plan (as amended, the "Stock Plan"), the Company withheld an aggregate of 92,260 and 167,297 shares of Revlon Class A Common Stock during the years ended December 31, 2019 and 2018, respectively, to satisfy certain minimum statutory tax withholding requirements related to the vesting of restricted shares and restricted stock units for certain senior executives and employees. These withheld shares were recorded as treasury stock using the cost method, at a weighted-average price per share of $17.75 and $21.42 during the years ended December 31, 2019 and 2018, respectively, 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 $1.6 million and $3.6 million during the years ended December 31, 2019 and 2018, respectively. In addition, during 2018, the Company transferred to treasury stock 251,495 unvested restricted shares and shares in respect of restricted stock units that were 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 13, "Stock Compensation Plan," for details regarding restricted stock awards under the Stock Plan.
[2]	See Note 15, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during 2019 and 2018, respectively.
[3]	See Note 15, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during 2019 and 2018, respectively.

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

12 Months Ended

Dec. 31, 2018

USD ($)

$ / shares

$ 3.6

Shares withheld for withholding taxes (in shares) | shares

$ 3.6

^[1]

Treasury Stock

167,297

Restricted stock forfeitures | shares

251,495

Restricted Stock and Restricted Stock Units | Treasury Stock

$ 10.2

^[1]

Share repurchase price (in usd per share) | $ / shares

$ 26.26

Restricted stock forfeitures | shares

251,495

Restricted Stock and Restricted Stock Units | Treasury Stock | Class A Common Stock

$ 6.6

Share repurchase price (in usd per share) | $ / shares

$ 21.42

[1]

Pursuant to the share withholding provisions of the Fourth Amended and Restated Revlon, Inc. Stock Plan (as amended, the "Stock Plan"), the Company withheld an aggregate of 92,260 and 167,297 shares of Revlon Class A Common Stock during the years ended December 31, 2019 and 2018, respectively, to satisfy certain minimum statutory tax withholding requirements related to the vesting of restricted shares and restricted stock units for certain senior executives and employees. These withheld shares were recorded as treasury stock using the cost method, at a weighted-average price per share of $17.75 and $21.42 during the years ended December 31, 2019 and 2018, respectively, 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 $1.6 million and $3.6 million during the years ended December 31, 2019 and 2018, respectively. In addition, during 2018, the Company transferred to treasury stock 251,495 unvested restricted shares and shares in respect of restricted stock units that were 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 13, "Stock Compensation Plan," for details regarding restricted stock awards under the Stock Plan.

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

12 Months Ended

Dec. 31, 2019

Dec. 31, 2018

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

$ (157.7)

$ (294.2)

Depreciation and amortization

162.9

177.2

Foreign currency (gains) losses from re-measurement

(1.9)

15.8

Amortization of debt discount

1.6

1.4

8.1

17.2

(Benefit from) provision for deferred income taxes

0.0

18.0

(29.8)

1.7

Non-cash loss (gain) on divested assets

14.6

13.0

0.9

(0.7)

Pension and other post-retirement cost

(26.6)

20.1

7.2

2.6

Change in assets and liabilities:

Decrease (increase) in trade receivables

9.3

(0.3)

Decrease (increase) in inventories

74.5

(36.4)

Decrease (increase) in prepaid expenses and other current assets

16.8

(42.8)

(Decrease) increase in accounts payable

(73.2)

1.6

(Decrease) increase in accrued expenses and other current liabilities

(42.4)

23.9

Pension and other post-retirement plan contributions

(12.1)

(8.8)

Purchases of permanent displays

(46.2)

(80.7)

Other, net

25.7

0.6

Net cash used in operating activities

(68.3)

(170.8)

Proceeds from the sale of certain assets

Capital expenditures

(29.0)

(57.2)

31.1

0.0

Net cash provided by (used in) investing activities

2.1

(57.2)

Net decrease in short-term borrowings and overdraft

(17.3)

(1.1)

Net (repayments) borrowings under the Amended 2016 Revolving Credit Facility

(62.6)

178.0

(18.0)

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

(15.3)

(9.7)

(1.6)

(3.6)

Net cash provided by (used in) financing activities

(0.9)

(1.4)

84.3

233.1

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

(1.1)

(5.0)

Net increase in cash, cash equivalents and restricted cash

17.0

0.1

Cash, cash equivalents and restricted cash at beginning of period

^[1]

87.5

87.4

Cash, cash equivalents and restricted cash at end of period

^[1]

104.5

87.5

Cash paid during the period for:

Interest

^[2]

194.6

163.7

Income taxes, net of refunds

^[2]

9.9

16.0

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

(151.2)

(289.1)

Depreciation and amortization

162.9

177.2

Foreign currency (gains) losses from re-measurement

(1.9)

15.8

Amortization of debt discount

1.6

1.4

8.1

17.2

(Benefit from) provision for deferred income taxes

0.0

18.0

(30.0)

3.0

Non-cash loss (gain) on divested assets

14.6

13.0

0.9

(0.7)

Pension and other post-retirement cost

(26.6)

20.1

7.2

2.6

Change in assets and liabilities:

Decrease (increase) in trade receivables

9.3

(0.3)

Decrease (increase) in inventories

74.5

(36.4)

Decrease (increase) in prepaid expenses and other current assets

7.4

(52.6)

(Decrease) increase in accounts payable

(73.2)

1.6

(Decrease) increase in accrued expenses and other current liabilities

(39.3)

27.5

Pension and other post-retirement plan contributions

(12.1)

(8.8)

Purchases of permanent displays

(46.2)

(80.7)

Other, net

25.7

0.4

Net cash used in operating activities

(68.3)

(170.8)

Proceeds from the sale of certain assets

Capital expenditures

(29.0)

(57.2)

31.1

0.0

Net cash provided by (used in) investing activities

2.1

(57.2)

Net decrease in short-term borrowings and overdraft

(17.3)

(1.1)

Net (repayments) borrowings under the Amended 2016 Revolving Credit Facility

(62.6)

178.0

(18.0)

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

(15.3)

(9.7)

(1.6)

(3.6)

Net cash provided by (used in) financing activities

(0.9)

(1.4)

84.3

233.1

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

(1.1)

(5.0)

Net increase in cash, cash equivalents and restricted cash

17.0

0.1

Cash, cash equivalents and restricted cash at beginning of period

^[3]

87.5

87.4

Cash, cash equivalents and restricted cash at end of period

104.5

87.5

^[3]

Cash paid during the period for:

Interest

^[4]

194.6

163.7

Income taxes, net of refunds

^[4]

9.9

16.0

2019 Term Loan Facility

2019 Term Loan Facility | Revlon Consumer Products Corporation

200.0

0.0

2018 Foreign Asset-Based Term Loan Credit Agreement due 2021

200.0

0.0

2018 Foreign Asset-Based Term Loan Credit Agreement due 2021 | Revlon Consumer Products Corporation

0.0

88.9

Organization, Consolidation and Presentation of Financial Statements [Abstract]

$ 0.0

$ 88.9

[1]	These amounts include restricted cash of $0.2 million and $0.2 million as of December 31, 2019 and 2018, respectively, which represent cash on deposit in lieu of a mandatory prepayment under the 2018 Foreign Asset-Based Term Facility, and cash on deposit to support outstanding undrawn letters of credit, which were included within other assets in the Company's consolidated balance sheets.
[2]	See Note 6, "Property, Plant, and Equipment," for supplemental disclosure of non-cash financing and investing activities in relation to the lease liabilities arising from obtaining right-of-use assets following the implementation of ASC Topic 842, Leases.
[3]	These amounts include restricted cash of $0.2 million and $0.2 million as of December 31, 2019 and 2018, respectively, which represent cash on deposit in lieu of a mandatory prepayment under the 2018 Foreign Asset-Based Term Facility, and cash on deposit to support outstanding undrawn letters of credit, which were included within other assets in the Company's consolidated balance sheets.
[4]	See Note 6, "Property, Plant, and Equipment," for supplemental disclosure of non-cash financing and investing activities in relation to the lease liabilities arising from obtaining right-of-use assets following the implementation of ASC Topic 842, Leases.

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Restricted cash	$ 0.2	$ 0.2
Revlon Consumer Products Corporation
Restricted cash	$ 0.2	$ 0.2

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2019

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.

The Company operates in four brand-centric reporting units that are aligned with its organizational structure based on 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. During 2019, the Company re-acquired from its third-party licensee the rights to use the Elizabeth Arden and Red Door trademarks in connection with operating beauty salons and spas. In 2018, the Company launched direct-to-consumer on-line selling capabilities through its elizabetharden.com, americancrew.com, juicycouturebeauty.com and fleshbeauty.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. For further information, refer to Note 17, "Segment Data and Related Information."

Unless the context otherwise requires, all references to the Company mean Revlon and its subsidiaries, including, without limitation, its wholly-owned operating subsidiary, Products Corporation. 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 2019 and 2018 included $7.9 million and $6.3 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: expected sales returns; 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; 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 $13.3 million and $23.4 million of outstanding checks not yet presented for payment at December 31, 2019 and 2018, 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,
	2019		2018
Cash and cash equivalents	$	104.3	$	87.3
Restricted cash^(a)	0.2		0.2
Total cash, cash equivalents and restricted cash	$	104.5	$	87.5

^(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 Company's three largest customers accounted for an aggregate of approximately 33% and 30% of the Company's outstanding trade receivables at December 31, 2019 and 2018, respectively.

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 $101.0 million and $110.6 million as of December 31, 2019 and 2018, respectively, which are amortized generally over a period of 1 to 3 years. In the event of product discontinuances, from time-to-time, the Company may accelerate the amortization of related permanent wall displays based on the estimated remaining useful life of the asset. Amortization expense for permanent wall displays was $55.6 million and $50.7 million for 2019 and 2018, 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 impairment charges to long-lived assets during the years ended December 31, 2019 and 2018.

Deferred Financing Costs

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 nil and $4.0 million during 2019 and 2018, respectively.

Leases

The Company adopted Accounting Standards Update ("ASU") No. 2016-02, "Leases (Topic 842)" ("ASU No. 2016-02" or "ASC 842"), beginning as of January 1, 2019, using a modified retrospective approach and applying the standard’s transition provisions at the effective date of January 1, 2019. ASU No. 2016-02 requires that a lessee recognize, for both finance leases and operating leases, a liability to make lease payments (the lease liability) and a Right-of-Use (“ROU”) asset representing its right to use the underlying leased asset for the lease term. The lease liability is equal to the present value of the lease payments and the ROU asset is based on the lease liability, subject to certain adjustments, such as pre-payments, initial direct costs, lease incentives and accrued rent. In addition, upon adoption the Company elected the available practical expedients allowed by the guidance under:

•ASC 842-10-15-37, by not separating lease components from non-lease components and instead accounting for all components as a single lease component for all of its classes of underlying assets, i.e., for any type of equipment leases and real estate leases; and

•ASC 842-10-65-1, by not reassessing at the transition date: (i) whether any expired or existing contracts are or contain leases; (ii) lease classification for any expired or existing leases; and (iii) initial direct costs for any existing leases.

The Company determines if an arrangement is a lease at inception, considering whether the contract conveys a right to control the use of the identified asset for a period of time in exchange for consideration. Operating leases are included in ROU assets, recorded within “Property, Plant and Equipment,” and operating lease liabilities are recorded within either "Accrued expenses and other current liabilities" and/or "Other long-term liabilities" in the Company’s consolidated balance sheets. Finance leases are included in ROU assets recorded within “Property, Plant and Equipment,” and finance lease liabilities are recorded within either "Accrued expenses and other current liabilities" and/or "Other long-term liabilities" in the Company’s consolidated balance sheets, given their immateriality.

As most of the Company’s leases do not provide the lease implicit rates, the Company uses its incremental borrowing rates as the discount rate, adjusted as applicable, based on the information available at the lease commencement dates to determine the present value of lease payments. The Company may use the lease implicit rate, when readily determinable, as the discount rate to determine the present value of lease payments.

Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Operating lease expense is recognized on a straight-line basis over the applicable lease term.

At lease commencement, for initial measurement, variable lease payments that do not depend on an index or rate, if any, are excluded from lease payments. Subsequent to initial measurement, these variable payments are recognized when the event determining the amount of the variable consideration to be paid occurs. Leases with an initial lease term of 12 months or less are not included in the lease liability or ROU asset.

After adoption, ROU assets and lease liabilities for operating leases are measured in accordance with the guidance in ASC 842-20-35-3, and ROU assets and lease liabilities for finance leases are measured in accordance with the guidance in ASC 842-30-35-1. The Company’s ROU assets for operating or finance leases are subject to the impairment guidance in ASC 360, Property, Plant, and Equipment.

See Note 6, "Property, Plant and Equipment," for further information on the Company's leases.

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 1st 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 2019, in assessing whether goodwill was impaired in connection with its annual impairment testing performed during the fourth quarter of 2019 using October 1st, 2019 carrying values, the Company, in accordance with Financial Accounting Standards Board ("FASB"), Accounting Standard Codification ("ASC") 350, Intangibles - Goodwill and Other ("ASC 350"), performed qualitative assessments for its (i) Revlon, (ii) Elizabeth Arden Skin and Color and (iii) Fragrances reporting units and a quantitative assessment for its (x) Mass Portfolio, (y) Professional Portfolio and (z) Elizabeth Arden Fragrances reporting units.

In performing the 2019 qualitative assessment, the Company considered, among other factors, the financial performance of each of its Revlon, Elizabeth Arden Skin and Color and Fragrances reporting units, as well as the results of the annual quantitative analysis performed in 2018 for each of these reporting units. Based upon such assessment, the Company determined that it was more likely than not that the fair value of each of its Revlon, Elizabeth Arden Skin and Color and Fragrances reporting units exceeded their respective carrying amounts for 2019.

In performing the 2019 quantitative assessment, the Company used the simplified approach allowed under ASU No. 2017-04, "Simplifying the Test for Goodwill Impairment," which the Company early adopted in October 2018, to test its Mass Portfolio, Professional Portfolio and Elizabeth Arden Fragrances reporting units for impairment. Based upon such assessment, the Company determined that it was more likely than not that the fair value of each of its Mass Portfolio, Professional Portfolio and Elizabeth Arden Fragrances reporting units exceeded their respective carrying amounts for 2019.

For 2018, the Company first performed a qualitative assessment on all of its reporting units, which indicated that indicators of impairment existed for the Mass Portfolio reporting unit within the Portfolio segment. Subsequently, the Company used the simplified approach allowed under ASU No. 2017-04 to test its Mass Portfolio reporting unit for impairment. Following the results of such assessment, 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.

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, in accordance with ASC 350, 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 each of 2019 and 2018, 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 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 17, "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 $446.8 million and $507.0 million for 2019 and 2018, respectively, which 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 $135.7 million and $144.6 million for 2019 and 2018, 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 14, "Income Taxes," to the Consolidated Financial Statements in this 2019 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 2019 and 2018 for research and development expenditures were $40.3 million and $42.4 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 18, "Revlon, Inc. 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, 2019, the Company had no outstanding FX Contracts. See Note 11, "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 11, "Financial Instruments," for further information on the Company's 2013 Interest Rate Swap. Refer to Note 9, "Debt," for further details related to financing the Elizabeth Arden Acquisition and related debt restructuring transactions.

Recent Transactions

In connection with the Company's ongoing Strategic Review, during 2019 the divestiture from certain brands resulted in gains on sale of assets of approximately $27.4 million, which are recorded in "(Gain) loss on divested assets" on the Company's Consolidated Statement of Operations and Comprehensive Loss as of December 31, 2019.

See Note 22, “Subsequent Events” for more recent transactions.

Recently Evaluated and/ or Adopted Accounting Pronouncements

In February 2016, the FASB issued ASU No. 2016-02, 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 modified retrospective approach and applying the standard’s transition provisions at the effective date of January 1, 2019. In addition, the Company elected to apply the package of practical expedients identified under ASC 842. As of January 1, 2019, the Company used an average discount rate of approximately 16%, based on an estimate of the Company's incremental borrowing rates. See Note 6, "Property, Plant and Equipment," for additional disclosures provided as a result of ASU 2016-02.

In February 2018, the FASB issued ASU No. 2018-02, "Income Statement - Reporting Comprehensive Income (Topic 220) - Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income," which gives entities the option to reclassify tax effects stranded in accumulated other comprehensive income as a result of the Tax Cuts and Jobs Act of 2017 (the "Tax Act") to retained earnings. The guidance was effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Entities are required to make additional disclosures, regardless of whether they elect to reclassify stranded amounts of tax effects. The Company has elected not to adopt this amendment and will include required financial statement disclosures, as applicable. No impact is expected to the Company’s results of operations and/or financial condition.

Recently Issued Accounting Pronouncements

In December 2019, the FASB issued ASU No. 2019-12, "Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes," which removes certain exceptions for recognizing deferred taxes for investments, performing intra-period allocations and calculating income taxes in interim periods. This ASU also adds guidance to reduce complexity in certain areas, including recognizing deferred taxes for tax goodwill and allocating taxes to members of a consolidated group. This guidance is effective for annual periods beginning after December 15, 2020, with early adoption permitted, including adoption in any interim period. An entity that elects to early adopt the amendments in an interim period should reflect any adjustments as of the beginning of the annual period that includes that interim period. Additionally, an entity that elects early adoption must adopt all the amendments in the same period. The amendments in this ASU that are related to separate financial statements of legal entities that are not subject to tax should be applied on a retrospective basis for all periods presented. The amendments in this ASU that are related to changes in ownership of foreign equity method investments or foreign subsidiaries should be applied on a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption. The amendments in this ASU that are related to franchise taxes that are partially based on income should be applied on either a retrospective basis for all periods presented or a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption. All other amendments under this ASU should be applied on a prospective basis. The Company is in the process of assessing the impact, if any, that this ASU 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 are to be deferred and recognized as an asset and which costs are to be expensed as incurred. This guidance is effective for annual periods beginning after December 15, 2019, with early adoption permitted, and may be applied either retrospectively or prospectively to all software implementation costs incurred after adoption. The Company adopted ASU No. 2018-15 prospectively, beginning as of January 1, 2020. The Company has completed its assessment and has determined that this new guidance will not have a material impact on the Company’s results of operations, financial condition and/or financial statement disclosures.

In August 2018, the FASB issued ASU No. 2018-14, "Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715): Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans.” This new guidance removes certain disclosures that are not considered cost beneficial, clarifies certain required disclosures and requires certain additional disclosures. This guidance is effective for annual periods beginning after December 15, 2020, with early adoption permitted. The Company will adopt this guidance (on a retrospective basis for certain new additional disclosures), beginning as of January 1, 2021. While the Company is currently assessing the impact of this new pronouncement, the new guidance, which only affects disclosure items, is not expected to have a material impact on the Company’s results of operations, financial condition and/or financial statement disclosures.

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 Topic 326. Instead, impairment from receivables of operating leases should be accounted for in accordance with Topic 842, Leases. In November 2019, the FASB issued ASU No. 2019-10, which, among other things, deferred the application of the new guidance on credit losses for smaller reporting companies ("SRC") to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. This guidance will be applied through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (i.e., a modified-retrospective approach). Under the above-mentioned deferral, the Company expects to adopt ASU No. 2016-03, and the related ASU No. 2018-19 amendments, beginning as of January 1, 2023 and is in the process of assessing the impact, if any, that this new guidance is expected to have on the Company’s results of operations, financial condition and/or financial statement disclosures.

RESTRUCTURING CHARGES

12 Months Ended

Dec. 31, 2019

Restructuring and Related Activities [Abstract]

RESTRUCTURING CHARGES

2018 Optimization Restructuring Program

In November 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. The 2018 Optimization Program was substantially completed by December 31, 2019.

As of December 31, 2019, restructuring and related charges to be paid in cash are approximately 88% of the total charges, of which approximately $25.9 million were already paid through December 31, 2019, with any residual balance expected to be paid in 2020.

A summary of the 2018 Optimization Restructuring Charges incurred since its inception in November 2018 and through December 31, 2019 is presented in the following table:



	Restructuring Charges and Other, Net
	Employee Severance and Other Personnel Benefits		Other Costs		Total Restructuring Charges		Inventory Adjustments^(a)		Other Related Charges^(b)		Total Restructuring and Related Charges
Charges incurred through December 31, 2018	$	4.5	$	—	$	4.5	$	—	$	1.2	$	5.7
Charges incurred during 2019	15.8		0.3		16.1		4.9		12.8		33.8
Cumulative charges incurred through December 31, 2019	$	20.3	$	0.3	$	20.6	$	4.9	$	14.0	$	39.5

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

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

A summary of the 2018 Optimization Restructuring Charges incurred since its inception in November 2018 and through December 31, 2019 by reportable segment is presented in the following table:



	Charges incurred during 2019		Cumulative charges incurred through December 31, 2019
Revlon	$	6.9	$	8.8
Elizabeth Arden	3.4		4.3
Portfolio	3.0		4.0
Fragrances	2.8		3.5
Total	$	16.1	$	20.6

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 was designed to reduce the Company’s cost of goods sold and SG&A expenses. The EA Integration Restructuring Program was completed by December 31, 2018. In connection with implementing the EA Integration Restructuring Program, and since its inception in December 2016, the Company recognized $80.3 million of total pre-tax restructuring charges (the "EA Integration Restructuring Charges"), consisting of: (i) $70.3 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 paid $71.9 million through December 31, 2019 in connection with the EA Integration Restructuring Program, with any remaining balance expected to be paid after 2019.

A summary of the EA Integration Restructuring Charges incurred since its inception in December 2016 and through December 31, 2019 is presented in the following table:



	Restructuring Charges and Other, Net
	Employee Severance and Other Personnel Benefits^(a)		Lease Termination and Other Costs^(b)		Total Restructuring Charges		Inventory Adjustments^(c)		Other Related Charges^(d)		Total Restructuring and Related Charges
Cumulative charges incurred through December 31, 2018	$	72.2	$	5.1	$	77.3	$	1.9	$	3.0	$	82.2
Charges incurred during 2019	(1.9)		—		(1.9)		—		—		(1.9)
Cumulative charges incurred through December 31, 2019	$	70.3	$	5.1	$	75.4	$	1.9	$	3.0	$	80.3

^(a)Includes reversal due to true-up during 2019 of previously-accrued restructuring charges.

^(b)Lease termination liabilities related to certain exited office space were adjusted following the implementation of ASC 842. See Note 6, "Property, Plant & Equipment," for additional information.

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

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

A summary of the EA Integration Restructuring Charges incurred since inception in December 2016 and through December 31, 2019 by reportable segment is presented in the following table:



	Reversal of charges during 2019		Cumulative charges incurred through December 31, 2019
Revlon	$	(0.8)	$	32.1
Elizabeth Arden	(0.2)		13.1
Portfolio	(0.4)		12.7
Fragrances	(0.5)		17.5
Total	$	(1.9)	$	75.4

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, 2019			Expense, Net			Foreign Currency Translation			Cash			Non-cash			Liability Balance at December 31, 2019
2018 Optimization Program:
Employee severance and other personnel benefits	$	3.7		$	15.8		$	—		$	(13.8)		$	—		$	5.7
Other	—			0.3			—			(0.3)			—			—
Total 2018 Optimization Program	3.7			16.1			—			(14.1)			—			5.7

EA Integration Restructuring Program:
Employee severance and other personnel benefits	13.8			(1.9)			(0.2)			(7.7)			—			4.0
Other^(a)	3.4			—			—			(0.3)			(3.5)			(0.4)
Total EA Integration Restructuring Program	17.2			(1.9)			(0.2)			(8.0)			(3.5)			3.6




Other immaterial actions:^(b)
Employee severance and other personnel benefits	4.6			(1.4)			—			(1.8)			(1.1)			0.3
Other	0.9			—			—			(0.5)			—			0.4
Total other immaterial actions	5.5			(1.4)			—			(2.3)			(1.1)			0.7
Total restructuring reserve	$	26.4		$	12.8		$	(0.2)		$	(24.4)		$	(4.6)		$	10.0

^(a) Non-cash utilization relates to approximately $3.5 million of lease termination liabilities related to certain exited office space that were adjusted following the implementation of ASC 842. See Note 6, "Property, Plant, and Equipment," for additional information.

^(b)Consists primarily of the Company's other individually and collectively immaterial restructuring initiatives, including those in Denmark, Norway and Sweden.



							Utilized, Net
	Liability Balance at January 1, 2018		Expense, Net		Foreign Currency Translation		Cash		Non-Cash^(a)		Liability Balance at December 31, 2018
2018 Optimization Program:
Employee severance and other personnel benefits	$	—	$	4.5	$	—	$	(0.8)	$	—	$	3.7
Other	—		—		—		—		—		—
Total 2018 Optimization Program	—		4.5		—		(0.8)		—		3.7

EA Integration Restructuring Program:
Employee severance and other personnel benefits	25.8		9.4		(0.3)		(21.1)		—		13.8
Other	3.9		0.1		—		(0.3)		(0.3)		3.4
Total EA Integration Restructuring Program	29.7		9.5		(0.3)		(21.4)		(0.3)		17.2




Other immaterial actions:
Employee severance and other personnel benefits	2.5		5.1		—		(3.0)		—		4.6
Other	1.7		1.1		(0.1)		(1.8)		—		0.9
Total other immaterial actions	4.2		6.2		(0.1)		(4.8)		—		5.5
Total restructuring reserve	$	33.9	$	20.2	$	(0.4)	$	(27.0)	$	(0.3)	$	26.4

^(a) Relates to the reversal of excessive accrual of professional fees.

As of December 31, 2019 and 2018, all of the restructuring reserve balances were included within accrued expenses and other current liabilities in the Company's Consolidated Balance Sheets.

See Note 22, “Subsequent Events – Revlon 2020 Restructuring Program.”

DISCONTINUED OPERATIONS

12 Months Ended

Dec. 31, 2019

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. Notwithstanding this 2013 program, the Company re-launched the Revlon brand in China in July 2019. The summary comparative financial results of discontinued operations were as follows for the periods presented:



	Year Ended December 31,
	2019		2018
Net sales	$	—	$	—
Income (loss) from discontinued operations, before taxes	7.5		(0.1)
Provision for income taxes	—		—
Income (loss) from discontinued operations, net of taxes	7.5		(0.1)

As of December 31, 2019 and December 31, 2018, assets and liabilities of the China discontinued operations included in the Consolidated Balance Sheets consisted of the following:



	December 31,		December 31,
	2019		2018
Cash and cash equivalents	$	1.0	$	1.1
Trade receivables, net	—		0.2
Total current assets	1.0		1.3
Total assets	$	1.0	$	1.3

Accounts payable	$	—	$	0.5
Accrued expenses and other	1.2		3.3
Total current liabilities	1.2		3.8
Total liabilities	$	1.2	$	3.8

INVENTORIES

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

INVENTORIES

As of December 31, 2019 and 2018, the Company's inventory balances consisted of the following:


	December 31,
	2019		2018
Finished goods	$	326.5	$	374.1
Raw materials and supplies	110.4		143.5
Work-in-process	11.5		5.6
	$	448.4	$	523.2

PREPAID EXPENSES AND OTHER

12 Months Ended

Dec. 31, 2019

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

PREPAID EXPENSES AND OTHER

As of December 31, 2019 and 2018, the Company's prepaid expenses and other balances were as follows:


	December 31,
	2019		2018
Prepaid expenses	$	68.9	$	71.5
Taxes ^(a)	40.4		46.9
Other	26.0		33.6
	$	135.3	$	152.0

^(a) Taxes for Products Corporation as of December 31, 2019 and December 31, 2018 were $36.5 million and $42.9 million, respectively.

PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

PROPERTY, PLANT AND EQUIPMENT

As of December 31, 2019 and 2018, the Company's property, plant and equipment balances consisted of the following:



	December 31,
	2019		2018
Land and improvements	$	11.0	$	11.2
Building and improvements	113.0		103.2
Machinery and equipment	296.0		286.7
Office furniture, fixtures and capitalized software	241.5		220.0
Counters and trade fixtures	52.9		56.0
Leasehold improvements	50.1		51.5
Construction-in-progress	14.0		51.1
Right-of-Use assets ^(a)	118.2		—
Property, plant and equipment, gross	896.7		779.7
Accumulated depreciation and amortization	(488.1)		(425.2)
Property, plant and equipment, net	$	408.6	$	354.5

^(a) Following implementation of ASC 842 under the modified retrospective approach as of January 1, 2019, this caption includes the Company's ROU assets for operating and finance leases. Finance leases of approximately $5.5 million were included in machinery and equipment as of December 31, 2018. See discussion below for further information.

Depreciation and amortization expense on property, plant and equipment for December 31, 2019 and December 31, 2018 was $63.4 million and $66.8 million, respectively.

Leases

Products Corporation leases facilities for executive offices, warehousing, research and development and sales operations and leases various types of equipment under operating and finance lease agreements. The majority of Products Corporation’s real estate leases, in terms of total undiscounted payments, are located in the U.S.

The Company adopted ASU No. 2016-02 beginning as of January 1, 2019, using a modified retrospective approach and applying the standard’s transition provisions at the effective date of January 1, 2019. The comparative information has not been restated and continues to be reported under the lease accounting standard in effect for those periods.

The Company's adoption of ASU No. 2016-02 had a material impact on the Company’s consolidated balance sheets but did not have an impact on the Company’s statements of operations and comprehensive loss and cash flows.

As of January 1, 2019, the Company's adoption of ASU No. 2016-02 resulted in:

•the recognition of ROU assets for operating leases and finance leases of approximately $109.3 million and $1.5 million, respectively;

•the recognition of lease liabilities for operating leases and finance leases of approximately $123.4 million and $1.4 million, respectively; and

•a decrease of approximately $11.3 million in accrued rent (of which $10.7 million was recorded in other long-term liabilities and $0.6 million was recorded in accrued expenses and other current liabilities), a decrease of approximately $3.5 million in lease termination liabilities and a decrease of approximately $0.7 million in prepaid rent, due to adjustments to balances previously recorded on the consolidated balance sheets upon transition from the legacy ASC 840 to ASC 842.

The following table includes disclosure related to the new ASC 842 lease standard, after application of the aforementioned practical expedients and short-term lease considerations:


	Year Ended
	December 31, 2019
Lease Cost:
Finance Lease Cost:
Amortization of ROU assets	$	0.3
Interest on lease liabilities	0.2
Operating Lease Cost	41.7
Total Lease Cost	$	42.2

Other Information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	0.2
Operating cash flows from operating leases	39.4
Financing cash flows from finance leases	0.8

ROU assets for finance leases	1.0
ROU assets for operating leases	91.4
Amortization on ROU assets for finance leases	0.3
Amortization on ROU assets for operating leases	23.2

Weighted-average remaining lease term - finance leases	2.8 years
Weighted-average remaining lease term - operating leases	6.2 years

Weighted-average discount rate - finance leases	15.6		%
Weighted-average discount rate - operating leases	15.8		%

Maturities of lease liabilities as of December 31, 2019 were as follows:


	Operating Leases		Finance Leases
2020	$	34.0	$	0.7
2021	30.5		0.5
2022	24.0		0.3
2023	19.7		—
2024	14.3		—
Thereafter	46.8		—
Total undiscounted cash flows	$	169.3	$	1.5

Present value:
Short-term lease liability	$	14.0	$	0.5
Long-term lease liability	92.8		0.5
Total lease liability	$	106.8	$	1.0
Difference between undiscounted cash flows and discounted cash flows	$	62.5	$	0.5

The following table presents the minimum rental commitments under the Company's non-cancelable leases, including those pertaining to idled facilities, as of December 31, 2018 under the guidance applicable prior to the adoption of ASC 842.


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

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 for these facilities and equipment was $46.5 million and $41.6 million for 2018 and 2017, respectively.

GOODWILL AND INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS, NET

Goodwill

The following table presents the changes in goodwill by segment during 2019 and 2018:



	Revlon		Portfolio		Elizabeth Arden		Fragrances		Total
Balance at January 1, 2018^(a)	$	265.3	$	189.5	$	116.9	$	120.8	$	692.5

Foreign currency translation adjustment	(0.3)		(0.3)		—		—		(0.6)
Goodwill impairment charge^(a)	—		(18.0)		—		—		(18.0)
Balance at December 31, 2018	$	265.0	$	171.2	$	116.9	$	120.8	$	673.9

Foreign currency translation adjustment	(0.1)		(0.1)		—		—		(0.2)


Balance at December 31, 2019	$	264.9	$	171.1	$	116.9	$	120.8	$	673.7

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

^(a)Amount refers to cumulative goodwill impairment charges related to impairments recognized in 2015, 2017 and 2018; no impairment charges were recognized during 2019.

Annual Impairment Testing

For 2019, in assessing whether goodwill was impaired in connection with its annual impairment testing performed during the fourth quarter of 2019 using October 1st, 2019 carrying values, the Company, in accordance with ASC 350, performed qualitative assessments for its (i) Revlon, (ii) Elizabeth Arden Skin and Color and (iii) Fragrances reporting units and a quantitative assessment for its (x) Mass Portfolio, (y) Professional Portfolio and (z) Elizabeth Arden Fragrances reporting units.

In performing the 2019 quantitative assessment, the Company used the simplified approach allowed under ASU No. 2017-04, which the Company early adopted as of October 1, 2018, to test its Mass Portfolio, Professional Portfolio and Elizabeth Arden Fragrances reporting units for impairment. Based upon such assessment, the Company determined that it was more likely than not that the fair value of each of its Mass Portfolio, Professional Portfolio and Elizabeth Arden Fragrances reporting units exceeded their respective carrying amounts for 2019.

For 2018, the Company first performed a qualitative assessment on all of its reporting units indicating that indicators of impairment existed for the Mass Portfolio reporting unit within the Portfolio segment. Subsequently, the Company used the simplified approach allowed under ASU No. 2017-04, which the Company early adopted as of October 1, 2018, to test its Mass Portfolio reporting unit for impairment. Following the results of such assessment, 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.

Effective January 1, 2018, the Company implemented its brand-centric organizational structure built around its 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 identified its current six reporting units. Concurrent with the change in reporting segments, goodwill was reassigned to the affected reporting units that had 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.

Intangible Assets, Net

The following tables present details of the Company's total intangible assets as of December 31, 2019 and December 31, 2018:


	December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses	$	271.2	$	(110.9)	$	160.3	13
Customer relationships	248.3		(96.5)		151.8		11
Patents and internally-developed intellectual property	21.5		(12.1)		9.4		5
Distribution rights	31.0		(5.6)		25.4		15
Other	1.3		(1.3)		—		0
Total finite-lived intangible assets	$	573.3	$	(226.4)	$	346.9

Indefinite-lived intangible assets:
Trade names	$	143.8	N/A		$	143.8
Total indefinite-lived intangible assets	$	143.8	N/A		$	143.8

Total intangible assets	$	717.1	$	(226.4)	$	490.7

	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

Amortization expense for finite-lived intangible assets was $40.3 million and $57.1 million for 2019 and 2018, respectively. The variance was 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 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 other factors, 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.

Indefinite-lived intangible assets, consisting of certain trade names, were reviewed for the annual impairment assessment during the fourth quarter of 2019 using October 1^st carrying values similar to goodwill, in accordance with ASC 350.

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, 2019:



	Estimated Amortization Expense
2020	$	34.3
2021	33.2
2022	32.3
2023	30.8
2024	27.4
Thereafter	188.9
Total	$	346.9

ACCRUED EXPENSES AND OTHER

12 Months Ended

Dec. 31, 2019

Payables and Accruals [Abstract]

ACCRUED EXPENSES AND OTHER

As of December 31, 2019 and December 31, 2018, the Company's accrued expenses and other current liabilities consisted of the following:


	December 31,		December 31,
	2019		2018
Sales returns and allowances	$	89.7	$	97.7
Advertising, marketing and promotional costs	82.8		84.2
Taxes ^(a)	54.3		38.9
Compensation and related benefits	42.1		56.2
Interest	34.0		33.8
Professional services and insurance	16.3		9.5
Short term lease liability ^(b)	14.5		1.1
Freight and distribution costs	13.2		6.8
Restructuring reserve	10.0		26.4
Software	4.0		1.2
Other ^(c)	54.0		75.1
Total	$	414.9	$	430.9

^(a) Accrued Taxes for Products Corporation as of December 31, 2019 and December 31, 2018 were $57.6 million and $42.6 million, respectively.

^(b)Balance for 2019 represents operating and finance leases following the implementation of ASC 842. Balance for 2018 represents finance leases. See Note 6, "Property, Plant, and Equipment," for additional information.

^(c)Accrued Other as of December 31, 2019 includes approximately $2.3 million of severance to Mr. Fabian Garcia, the Company's former President and Chief Executive Officer, which was paid in 2020. Accrued Other for Products Corporation as of December 31, 2018 was $75.2 million.

DEBT

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

DEBT

As of December 31, 2019 and December 31, 2018, the Company's debt balances consisted of the following:


	December 31,		December 31,
	2019		2018
2019 Term Loan Facility due 2023, net of discounts and debt issuance costs (see (a) below)	$	187.1	$	—
2018 Foreign Asset-Based Term Facility due 2021, net of discounts and debt issuance costs (see (e) below)	82.3		82.7
Amended 2016 Revolving Credit Facility due 2021, net of debt issuance costs (see (c) and (d) below)	269.9		330.0
2016 Term Loan Facility: 2016 Term Loan due 2023, net of discounts and debt issuance costs (see (f) below)	1,713.6		1,724.6
5.75% Senior Notes due 2021, net of debt issuance costs (see (g) below)	498.1		496.6
6.25% Senior Notes due 2024, net of debt issuance costs (see (h) below)	442.8		441.4


Spanish Government Loan due 2025	0.4		0.5
Debt	$	3,194.2	$	3,075.8
Less current portion^(*)	(288.0)		(348.1)
Long-term debt	$	2,906.2	$	2,727.7

Short-term borrowings^(**)	$	2.2	$	9.3

^(*) At December 31, 2019, the Company classified $288.0 million as its current portion of long-term debt, comprised primarily of $269.9 million of net borrowings under the Amended 2016 Revolving Credit Facility, net of debt issuance costs, and $18.0 million of amortization payments on the 2016 Term Loan Facility scheduled to be paid over the next four calendar quarters. At December 31, 2018, the Company classified $348.1 million as its current portion of long-term debt, comprised primarily of $330.0 million of net borrowings under the Amended 2016 Revolving Credit Facility, net of debt issuance costs, and $18.0 million of amortization payments on the 2016 Term Loan Facility.

^(**) The weighted average interest rate on these short-term borrowings outstanding at December 31, 2019 and 2018 was 8.3% and 6.2%, respectively.

Current Year Debt Transactions

(a) 2019 Term Loan Facility

Principal and Maturity: In August 2019, Products Corporation entered into a senior secured term loan facility among certain affiliated funds, investment vehicles or accounts managed or advised by Ares Management LLC, as lender, in an initial aggregate principal amount of $200 million (the “2019 Term Loan Facility” and such agreement being the “2019 Term Loan Agreement”), and Wilmington Trust, National Association (“Wilmington Trust”), as administrative and collateral agent. The approximate $188 million of net proceeds from the 2019 Term Loan Facility (after taking into account approximately $12 million of related fees and expenses) were used for general corporate purposes. The 2019 Term Loan Facility will mature on the earliest of: (x) August 6, 2023; (y) the 180th day prior to the stated maturity of Products Corporation’s existing 2016 Term Loan Facility, if any loans under the 2016 Term Loan Facility remain outstanding and have not been replaced or refinanced by such date; and (z) the date of any springing maturity of the 2016 Term Loan Facility (i.e., the 91^st day prior to the maturity of the 5.75% Senior Notes due February 15, 2021 if any 5.75% Senior Notes remain outstanding by such date and certain liquidity thresholds are not met).

Guarantees and Security: Products Corporation and its restricted subsidiaries under the 2019 Term Loan Facility (collectively, the “Restricted Group”) are subject to the covenants under the 2019 Term Loan Agreement. The 2019 Term Loan Facility is guaranteed by each existing and future direct or indirect wholly-owned domestic restricted subsidiary of Products Corporation (subject to various exceptions), as well as by Revlon, on a limited recourse basis, and Elizabeth Arden (U.K.) Ltd., Revlon Canada Inc. and Elizabeth Arden (Canada) Limited. The obligations of Revlon, Products Corporation and the subsidiary guarantors under the 2019 Term Loan Facility are secured by pledges of the equity of Products Corporation and the equity of the Restricted Group held by Products Corporation and each subsidiary guarantor (subject to customary exceptions, including equity of first-tier foreign subsidiaries in excess of 66% 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 customary exclusions). The 2019 Term Loan Facility and the existing 2016 Term Loan Facility share the same guarantors and collateral, except that the 2019 Term Loan Facility is also secured by a first-priority lien on certain intellectual property of the American Crew business (the “Additional Collateral”) and is guaranteed by the entities established to hold such Additional Collateral. Pursuant to a first lien pari passu intercreditor agreement, dated August 6, 2019, among Revlon, Products Corporation, the subsidiary guarantors, Wilmington Trust and Citibank, N.A. (acting as administrative agent and collateral agent for the 2016 Term Loan Facility), the liens on the shared collateral securing the 2019 Term Loan Facility rank pari passu in priority with the liens on the shared collateral securing the 2016 Term Loan Facility.

License Agreement: In connection with the pledge of such Additional Collateral, Products Corporation entered into intercompany arrangements pursuant to which the Additional Collateral was contributed to a newly-formed subsidiary, Beautyge I, which then further contributed the Additional Collateral to its new wholly-owned subsidiary, Beautyge II, LLC. Products Corporation entered into a license and royalty arrangement on arm’s length terms with Beautyge II, LLC to provide for the Company’s continued use of the Additional Collateral during the term of the 2019 Term Loan Facility.

Interest and Fees: Interest accrues on the 2019 Term Loan Facility at a rate per annum of one-month adjusted LIBOR (which has a floor of 0%) plus a margin of 9.50%. Products Corporation is also obligated to pay customary fees and expenses in connection with the 2019 Term Loan Facility.

Affirmative and Negative Covenants: The 2019 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 2019 Term Loan Agreement also contains additional covenants: (i) restricting the activities of the entities established to hold the Additional Collateral; (ii) limiting the incurrence of additional secured debt by the Restricted Group to an aggregate principal amount of $50 million (excluding the Amended 2016 Revolving Credit Facility and any refinancing of the 5.75% Senior Notes due 2021); (iii) restricting the transfer by the Restricted Group of material intellectual property to non-guarantor restricted subsidiaries or other affiliates; and (iv) limiting additional investments by Products Corporation and its subsidiary guarantors in any non-guarantor subsidiary to an outstanding amount of $50 million plus $10 million for ordinary course investments consistent with past practice. These negative covenants are subject to various exceptions, including an “available amount basket” based on 50% of Products Corporation’s cumulative consolidated net income from October 1, 2016, 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 2019 Term Loan Agreement), except such compliance is not required when such baskets are used to make investments.

Financial Covenants: The 2019 Term Loan Agreement contains financial covenants. First, Products Corporation cannot permit at any time both (x) the aggregate principal amount of secured and structurally senior debt to exceed $2.5 billion and (y) the ratio of Products Corporation's net secured and structurally senior debt to Consolidated EBITDA to be greater than 5.0 to 1.0, subject to a one-time equity cure right. Second, Products Corporation’s Consolidated EBITDA cannot be less than $250 million for any test period ending on or after March 31, 2021.

Prepayments: The 2019 Term Loan Facility is subject to mandatory prepayments from: (i) the net proceeds from the issuance by Products Corporation or any of its restricted subsidiaries of certain additional debt; (ii) commencing with the excess cash flow calculation with respect to fiscal year ending December 31, 2020, 50% of excess cash flow, with step-downs to 25% and 0% upon achievement of certain first lien leverage ratios and reduced by voluntary prepayments of the 2019 Term Loan Facility, the 2016 Term Loan Facility and revolving loans under the Amended 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 (subject to an aggregate reinvestment cap of $50 million). Products Corporation may voluntarily prepay the 2019 Term Loan Facility at any time. All voluntary prepayments, certain mandatory prepayments and repayments upon acceleration after an event of default of the 2019 Term Loan Facility must be accompanied by a fee in an amount equal to: (i) prior to January 1, 2021, a make-whole amount with respect to interest payments through December 31, 2020 plus 10% of the aggregate principal amount prepaid, repaid or required to be repaid; (ii) on and after January 1, 2021, but prior to January 1, 2022, 10% of the aggregate principal amount prepaid, repaid or required to be repaid; (iii) on and after January 1, 2022, but prior to January 1, 2023, 7.5% of the aggregate principal amount prepaid, repaid or required to be repaid; or (iv) thereafter, 5% of the aggregate principal amount prepaid, repaid or required to be repaid. A 5% exit fee is also payable upon the final scheduled maturity of the 2019 Term Loan Facility or if the loans thereunder are accelerated upon an event of default. The 2019 Term Loan Agreement also contains certain customary representations, warranties and events of default.

Events of Default: The 2019 Term Loan Agreement includes customary events of default, including a cross default provision making it an event of default under the 2019 Term Loan Agreement if there is an event of default under Products Corporation’s existing 2016 Credit Agreements, the 2018 Foreign Asset-Based Term Agreement, the Amended 2019 Senior Line of Credit Agreement or the Senior Notes Indentures. The lenders under the 2019 Term Loan Agreement may declare all outstanding loans under the 2019 Term Loan Agreement to be due and payable immediately upon an event of default. Under such circumstances, the lenders under the 2016 Credit Agreements, the Amended 2019 Senior Line of Credit Agreement and the 2018 Foreign Asset-Based Term Agreement may also declare all outstanding loans under such facilities to be due and payable immediately as a result of similar cross default provisions, and upon non-payment of any accelerated principal amount, the trustees or noteholders for the 5.75% Senior Notes and 6.25% Senior Notes may declare all outstanding notes to be due and payable immediately as a result of similar cross-acceleration provisions, subject to certain exceptions and limitations described in the relevant instruments.

Fees and expenses incurred in connection with consummating the 2019 Term Loan Agreement of approximately $14 million were capitalized and are being amortized to interest expense over the term of the 2019 Term Loan Agreement using the effective interest method. The aggregate principal amount outstanding under the 2019 Term Loan Facility Agreement at December 31, 2019 was $200 million.

(b) Amended 2019 Senior Line of Credit Agreement

In June 2019, Products Corporation entered into a 2019 Senior Unsecured Line of Credit Agreement, providing Products Corporation with a $30 million senior unsecured line of credit from MacAndrews & Forbes Group, LLC, a subsidiary of Revlon’s majority stockholder, which facility allows Products Corporation to request loans thereunder and to use the proceeds of such loans for working capital and other general corporate purposes until the facility matures. In November 2019, Products Corporation and MacAndrews & Forbes Group, LLC entered into the Amended and Restated 2019 Senior Unsecured Line of Credit Agreement (the “Amended 2019 Senior Line of Credit Agreement”) to extend the maturity of such facility by 1-year, expiring December 31, 2020 (the "Amended 2019 Senior Line of Credit Facility"). As of December 31, 2019 and as of the November 7, 2019 extension date, there were no borrowings outstanding or repayments under the Amended 2019 Senior Line of Credit Facility.

Any loans outstanding under the Amended 2019 Senior Line of Credit Facility shall bear interest at an annual rate of 8%, which is payable quarterly in arrears in cash. Products Corporation may, at its option, prepay any borrowings under the Amended 2019 Senior Line of Credit Facility, in whole or in part (together with accrued and unpaid interest), at any time prior to maturity, without premium or penalty. Products Corporation is required to repay any outstanding loans under the Amended 2019 Senior Line of Credit Facility, together with accrued interest thereon, if for any reason Products Corporation or any of its subsidiaries has available unrestricted cash that Products Corporation determines, in its reasonable judgment, is not required to run their operations in the ordinary course of business, provided that such repayment would not result in material adverse tax consequences.

The Amended 2019 Senior Line of Credit Agreement includes customary events of default, including a cross default provision making it an event of default under the Amended 2019 Senior Line of Credit Agreement if there exists and continues an event default under Products Corporation’s 2016 Credit Agreements, the 2018 Foreign Asset-Based Term Agreement, the 2019 Term Loan Agreement or the Senior Notes Indentures. If any such event of default occurs, MacAndrews & Forbes Group, LLC may declare all outstanding loans under the Amended 2019 Senior Line of Credit Facility to be due and payable immediately.

In March 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 2016 Revolving Credit Agreement”) in respect of the 2016 Revolving Credit Facility (as in effect after Amendment No. 2, the “Amended 2016 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 Amended 2016 Revolving Credit Facility was extended from April 17, 2019 to April 17, 2020. The 2016 Revolving Credit Agreement provided that the “Liquidity Amount” (defined in the Amended 2016 Revolving Credit Agreement as the sum of each borrowing base less the sum of (x) the aggregate outstanding extensions of credit under the Amended 2016 Revolving Credit Facility, and (y) any availability reserve in effect on such date) may exceed the aggregate commitments under the Amended 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 2016 Revolving Credit Facility. Under the 2016 Revolving Credit Agreement, a “Liquidity Event Period” generally occurred if Products Corporation’s Liquidity Amount fell below the greater of $35 million and 10% of the maximum availability under the 2016 Revolving Credit Facility. Amendment No. 2 changed these thresholds to $50 million and 15%, respectively, only 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 2016 Revolving Credit Facility. After entering into Amendment No. 2, in March 2019 Products Corporation’s availability under the Amended 2016 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 2016 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 2016 Revolving Credit Facility, which the administrative agent began applying in March 2019, and Products Corporation is required to provide the administrative agent with weekly borrowing base certificates. Products Corporation will be required to: (i) maintain such 1.0 to 1.0 minimum FCCR until such time that availability under the Amended 2016 Revolving Credit Facility equals or exceeds the greater of $35 million and 10% of the maximum availability under such facility for at least 20 consecutive business days; and (ii) Products Corporation will continue to provide the administrative agent with weekly borrowing base certificates and the administrative agent may continue to apply amounts collected in controlled accounts as set forth above in each case until such time that availability under such facility is equal or exceeds the greater of $50 million and 15% of the maximum availability under such 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.

Previous Years Debt Related Transactions

(d) April 2018 Amendment to Original 2016 Revolving Credit Facility

In April 2018, Products Corporation amended the Original 2016 Revolving Credit Facility Agreement, as detailed below, to, among other things, add a new $41.5 million senior secured first in, last out "Tranche B," while the original $400 million tranche under such facility became a senior secured last in, first out "Tranche A" ("Amendment No.1" and the Original 2016 Revolving Credit Facility as in effect after Amendment No. 1, the "2016 Revolving Credit Facility"). Tranche A matures on the earlier of: (x) September 7, 2021; and (y) the 91st day prior to the maturity of Products Corporation’s 5.75% Senior Notes, if, on that date (and solely for so long as), (i) any of Products Corporation’s 5.75% Senior Notes remain outstanding and (ii) Products Corporation’s available liquidity does not exceed the aggregate principal amount of the then outstanding 5.75% Senior Notes by at least $200 million. Tranche B was initially scheduled to mature on April 17, 2019, a date that was later extended to April 17, 2020 pursuant to Amendment No. 2. Total borrowings at face amount under Tranche A and Tranche B under the Amended 2016 Revolving Credit Facility at December 31, 2019 were $230.9 million (excluding $11.4 million of outstanding undrawn letters of credit) and $41.5 million, respectively (the 2016 Term Loan Facility and the Amended 2016 Revolving Credit Facility are collectively referred to as the "2016 Senior Credit Facilities" and the applicable agreements, as amended, being the “2016 Credit Agreements”).

Amendment No. 1 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 Amendment No. 1 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 Original 2016 Revolving Credit Agreement; (iv) the removal of temporary increases to the borrowing base between August 15th and October 31st 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 consummating Amendment No. 1, which were capitalized and are being amortized over the remaining term of Amendment No. 1 using the effective interest method. The aggregate principal amount outstanding under Tranche A and Tranche B of the Amended 2016 Revolving Credit Facility at December 31, 2019 was $230.9 million and $41.5 million, respectively.

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

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

The 2018 Foreign 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 Foreign 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 Foreign 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 Foreign 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 Foreign Asset-Based Term Facility) and certain other material assets of the Borrowing Base Guarantors. The 2018 Foreign 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 Foreign Asset-Based Term Agreement, and in any event at least quarterly, and accrues on borrowings under the 2018 Foreign Asset-Based Term Facility at a rate per annum equal to the EURIBOR rate, with a floor of 0.50%, plus an applicable margin equal to 6.50%. The Borrowers are obligated to pay certain fees and expenses in connection with the 2018 Foreign Asset-Based Term Facility, including a fee payable to Citibank, N.A. for its services as Agent. Loans under the 2018 Foreign Asset-Based Term Facility may be prepaid without premium or penalty.

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

Prepayments: The Borrowers must prepay loans under the 2018 Foreign 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 Foreign 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 Foreign 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 Foreign Asset-Based Term Agreement, which were capitalized and are being amortized over the remaining term of the 2018 Foreign Asset-Based Term Facility using the effective interest method. The aggregate principal amount outstanding under the 2018 Foreign Asset-Based Term Agreement at December 31, 2019 was $86.3 million.

(f) 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, as amended, together with the 2016 Term Loan Facility, the “2016 Senior Credit Facilities” 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.

Following is an updated description of Products Corporation's 2016 Senior Credit Facilities, after giving effect to Amendment No. 2 to the 2016 Revolving Credit Facility:

2016 Term Loan Facility

Principal and Maturity: On the Elizabeth Arden Acquisition Date, Products Corporation entered into the 2016 Term Loan Agreement, for which Citibank, N.A. acts as administrative and collateral agent and which has an initial aggregate principal amount of $1.8 billion and matures on the earlier of: (x) September 7, 2023; and (y) the 91st day prior to the maturity of Products Corporation’s 5.75% Senior Notes due February 15, 2021 if, on that date (and solely for so long as), (i) any of Products Corporation's 5.75% Senior Notes remain outstanding and (ii) Products Corporation’s available liquidity does not exceed the aggregate principal amount of 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 Amended 2016 Term Loan Facility at December 31, 2019 was $1,741.5 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 Amended 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 Amended 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 Amended 2016 Revolving Credit Facility, while the liens thereon securing the Amended 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 31st, 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 Amended 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 2019.

Amended 2016 Revolving Credit Facility

Principal and Maturity: On the Elizabeth Arden Acquisition Date, Products Corporation entered into the Original 2016 Revolving Credit Agreement, as subsequently amended pursuant to Amendment No. 1 and Amendment No. 2, and for which Citibank, N.A. acts as administrative agent and collateral agent. The Amended 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 Amended 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 Amended 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 Amended 2016 Revolving Credit Facility is based on the sum of: (i) 85% of eligible accounts receivable; (ii) the lesser of 85% of the net orderly liquidation value and a percentage of the value specified in respect of different types of eligible inventory; (iii) 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 Amended 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 A under the Amended 2016 Revolving Credit Facility matures on the earlier of: (x) September 7, 2021; and (y) the 91st day prior to the maturity of Products Corporation’s 5.75% Senior Notes due February 15, 2021 if, on that date (and solely for so long as), (i) any of Products Corporation’s 5.75% Senior Notes remain outstanding and (ii) Products Corporation’s available liquidity does not exceed the aggregate principal amount of its then outstanding 5.75% Senior Notes by at least $200 million. Tranche B under the Amended 2016 Revolving Credit Facility matures on April 17, 2020.

Guarantees and Security: The Restricted Group under the Amended 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 Amended 2016 Revolving Credit Agreement. The Amended 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 Amended 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 Amended 2016 Revolving Credit Facility and the 2016 Term Loan Facility are identical. The liens on the Revolving Facility Collateral securing the Amended 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 Amended 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 Amended 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 Amended 2016 Revolving Credit Facility increases.

Products Corporation is obligated to pay certain fees and expenses in connection with the Amended 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 Amended 2016 Revolving Credit Facility may be prepaid without premium or penalty.

Affirmative and Negative Covenants: The Amended 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 Amended 2016 Revolving Credit Agreement the Restricted Group will be able to incur unlimited additional amounts of certain types of 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 Amended 2016 Revolving Credit Agreement contains certain customary representations, warranties and events of default. If Products Corporation’s "Liquidity Amount" (defined in the Amended 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 Amended 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 Amended 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. Under Amendment No. 2, such availability reserve amounts were set at $50 million and 15% in connection with triggering certain notification obligations, 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 2016 Revolving Credit Facility. If Products Corporation is in default under the consolidated fixed charge coverage ratio under the Amended 2016 Revolving Credit Agreement, Products Corporation may cure such default by Products Corporation and/or Revlon issuing certain equity securities and Products Corporation receiving capital contributions from Revlon, with such cash being deemed to increase EBITDA for the purpose of calculating the applicable ratio. Products Corporation may exercise this cure right no more than two times in any four-quarter period, and no more than five times in total during the term of the Amended 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, 2019, all of the $157.7 million of availability under the Amended 2016 Revolving Credit Facility was available as of such date.

Prepayments: Products Corporation must prepay (i) Tranche A borrowings under the Amended 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 Amended 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 Amended 2016 Revolving Credit Facility. After entering into Amendment No. 2, in March 2019 Products Corporation’s availability under the Amended 2016 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 2016 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 2016 Revolving Credit Facility, which the administrative agent began applying in March 2019, and Products Corporation is required to provide the administrative agent with weekly borrowing base certificates. Products Corporation will be required to: (i) maintain such 1.0 to 1.0 minimum FCCR until such time that availability under the Amended 2016 Revolving Credit Facility equals or exceeds the greater of $35 million and 10% of the maximum availability under such facility for at least 20 consecutive business days; and (ii) Products Corporation will continue to provide the administrative agent with weekly borrowing base certificates and the administrative agent may continue to apply amounts collected in controlled accounts as set forth above in each case until such time that availability under such facility is equal or exceeds the greater of $50 million and 15% of the maximum availability under such 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.

(g) 5.75% Senior Notes

In February 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 15th and August 15th.

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 and 2019 Term Loan Facility which are secured, to the extent of the value of the assets securing such indebtedness, as well as indebtedness and preferred stock of Products Corporation’s foreign and immaterial subsidiaries (including the 2018 Foreign Asset-Based Term Facility) (the "5.75% Senior Notes Non-Guarantor Subsidiaries" and together with the 6.25% Senior Notes Non-Guarantor Subsidiaries, the "Non-Guarantor Subsidiaries"), none of which guarantee the 5.75% Senior Notes.

Optional Redemption: The 5.75% Senior Notes may be redeemed at Products Corporation's option, at any time as a whole, or from time-to-time in part, at 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, 2019 was $500.0 million.

(h) 6.25% Senior Notes

In August 2016, Revlon Escrow Corporation (the "Escrow Issuer"), which 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 and the 2019 Term Loan Facility, 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 (including the 2018 Foreign Asset-Based Term Facility) (the "6.25% Senior Notes Non-Guarantor Subsidiaries"), none of which guarantee the 6.25% Senior Notes.

Optional Redemption: 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
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, 2019 was $450.0 million.

See Note 22, “Subsequent Events –2020 Refinancing Transactions.”

Covenants

Products Corporation was in compliance with all applicable covenants under the 2016 Credit Agreements, the 2019 Term Loan Agreement, the 2018 Foreign Asset-Based Term Agreement, the Amended 2019 Senior Line of Credit Agreement, as well as with all applicable covenants under its Senior Notes Indentures, as of December 31, 2019. At December 31, 2019, the aggregate principal amounts outstanding and availability under Products Corporation’s various revolving credit facilities were as follows:



	Commitment		Borrowing Base		Aggregate principal amount outstanding at December 31, 2019		Availability at December 31, 2019 ^(a)
Tranche A of the Amended 2016 Revolving Credit Facility	$	400.0	$	400.0	$	230.9	$	157.7
Tranche B of the Amended 2016 Revolving Credit Facility	41.5		41.5		41.5		—
Total Tranche A & B of the Amended 2016 Revolving Credit Facility^(a)	$	441.5	$	441.5	$	272.4	$	157.7
Amended 2019 Senior Line of Credit Facility	$	30.0	N/A		$	—	$	30.0

^(a) Availability as of December 31, 2019 is based upon the borrowing base then in effect under the Amended 2016 Revolving Credit Facility of $441.5 million, less $11.4 million of outstanding undrawn letters of credit and $272.4 million then drawn. As Products Corporation’s consolidated fixed charge coverage ratio was greater than 1.0 to 1.0 as of December 31, 2019, all of the $157.7 million of availability under the Amended 2016 Revolving Credit Facility was available as of such date.

The Company’s foreign subsidiaries held $102.5 million out of the Company's total $104.3 million in cash and cash equivalents as of December 31, 2019. While the cash held by the Company’s foreign subsidiaries is primarily used to fund their operations, the Company regularly assesses its global cash needs and the available sources of cash to fund these needs, which regularly includes repatriating foreign-held cash to settle historical intercompany loans and other intercompany payables. The Company believes that it has and will 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 Amended 2016 Revolving Credit Facility, the Amended 2019 Senior Line of Credit Facility, the 2020 Refinancing Transactions and other permissible borrowings, along with the option to further settle historical 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, as well as funds provided by selling certain assets (such as the Natural Honey and Floid brands that were sold in December 2019) in connection with the Company's ongoing Strategic Review. See Note 22, “Subsequent Events –2020 Refinancing Transactions.

Long-Term Debt Maturities

The aggregate amounts of contractual long-term debt maturities at December 31, 2019 in the years 2020 through 2024 and thereafter are as follows:


Years Ended December 31,	Long-Term Debt Maturities
2020	$	290.5	^(a)
2021	604.4		^(b)
2022	18.1		^(c)
2023	1,887.6		^(d)
2024	450.0		^(e)
Thereafter	—
Total long-term debt	3,250.6
Discounts and deferred finance charges	(56.4)
Total long-term debt, net of discounts and deferred finance charges	$	3,194.2

^(a⁾ Amount consists primarily of: (i) $41.5 million in aggregate principal amount of borrowings under Tranche B of the Amended 2016 Revolving Credit Facility outstanding as of December 31, 2019, which is scheduled to mature in April 2020; (ii) $230.9 million in aggregate principal amount of borrowings under Tranche A of the Amended 2016 Revolving Credit Facility outstanding as of December 31, 2019, which is scheduled 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 due February 15, 2021 if, on that date (and solely for so long as), (i) any of Products Corporation’s 5.75% Senior Notes remain outstanding and (ii) Products Corporation’s available liquidity does not exceed the aggregate principal amount of its then outstanding 5.75% Senior Notes by at least $200 million; and (iii) the quarterly amortization payments payable in 2020 under the 2016 Term Loan Facility.

^(b) Amount consists primarily of: (i) the U.S. dollar equivalent of the €77 million in aggregate principal amount under the 2018 Foreign Asset-Based Term Facility outstanding as of December 31, 2019, which is scheduled to mature in July 2021; (ii) the $500 million in aggregate principal amount under the 5.75% Senior Notes, which are scheduled to mature in February 2021; and (iii) $18.0 million of the quarterly amortization payments described in (a)(iii) above payable in 2021.

^(c) Amount consists of the $18.0 million quarterly amortization payments described in (a)(iii) above payable in 2022.

^(d) Amount consists primarily of: (i) the $9.0 million of quarterly amortization payments due under the 2016 Term Loan Facility during 2023; (ii) the $1,678.5 million remaining aggregate principal amount outstanding at December 31, 2019, net of the amortization payments made in 2020 through 2023, under the 2016 Term Loan Facility, which is scheduled to mature in September 2023 (subject to a springing maturity in November 2020, as described above in this Note 9); and (iii) the $200 million aggregate principal amount outstanding at December 31, 2019 under the 2019 Term Loan Facility, which is scheduled to mature in August 2023 (subject to a springing maturity in November 2020, as described above in this Note 9).

^(e)Amount consists of the $450 million aggregate principal amount outstanding at December 31, 2019 under the 6.25% Senior Notes, which are scheduled to mature in August 2024.

FAIR VALUE MEASUREMENTS

12 Months Ended

Dec. 31, 2019

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 both December 31, 2019 and 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, 2019, 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, 2019
	Fair Value
	Level 1		Level 2		Level 3		Total		Carrying Value
Liabilities:
Long-term debt, including current portion^(a)	$	—	$	2,522.2	$	—	$	2,522.2	$	3,194.2

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

^(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, 2019

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 $11.4 million and $10.1 million (including amounts available under credit agreements in effect at that time) were maintained as of December 31, 2019 and December 31, 2018, respectively. Included in these amounts are approximately $8.3 million and $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, 2019 and December 31, 2018, 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. 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 Company did not enter into any FX Contracts during 2019. The U.S. Dollar notional amounts of the FX Contracts outstanding at each of December 31, 2019 and December 31, 2018 were nil.

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 was nil at each of December 31, 2019 and December 31, 2018. 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.

Quantitative Information – Derivative Financial Instruments

As of December 31, 2019 and December 31, 2018, the Company did not have any derivative financial instruments.

The effects of the Company's derivative financial instruments on its Consolidated Statements of Operations and Comprehensive Loss 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,
						2019	2018
Derivative financial instruments:
2013 Interest Rate Swap	Interest Expense	$	—	$	(1.2)

FX Contracts	Foreign currency gain, net	—		0.2
2013 Interest Rate Swap	Miscellaneous, net	—		0.2


	Amount of Gain Recognized in Other Comprehensive Loss
		Year Ended December 31,
		2019		2018
Derivatives previously designated as hedging instruments:
2013 Interest Rate Swap, net of tax ^(a)		$	—	$	0.7

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

PENSION AND POST-RETIREMENT BENEFITS

12 Months Ended

Dec. 31, 2019

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 $5.5 million and $5.3 million during 2019 and 2018, respectively. 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 2019, the Company made discretionary profit-sharing contributions to the Savings Plan and Excess Savings Plan of $7.2 million (of which $5.6 million was paid in 2019 and $1.6 million was paid in January 2020), or up to 3% of eligible compensation, which was credited on a quarterly basis. 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.

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.

Products Corporation also sponsors two U.S. qualified defined benefit pension plans, 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.

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 20, "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,
	2019		2018		2019		2018
Change in Benefit Obligation:
Benefit obligation - beginning of year	$	(591.0)	$	(661.4)	$	(12.2)	$	(14.0)
Service cost	(1.9)		(2.0)		—		—
Interest cost	(20.0)		(18.6)		(0.4)		(0.4)
Actuarial (loss) gain	(59.3)		42.0		(1.5)		1.4



Benefits paid	43.6		45.2		0.7		0.8
Plan Amendments	(1.2)		—		—		—
Plan participant contributions	(0.6)		(0.6)		—		—
Foreign currency translation adjustments	0.7		4.4		—		—
Benefit obligation - end of year	$	(629.7)	$	(591.0)	$	(13.4)	$	(12.2)
Change in Plan Assets:
Fair value of plan assets - beginning of year	$	432.4	$	497.2	$	—	$	—
Actual return (loss) on plan assets	61.3		(24.2)		—		—
Employer contributions	11.4		8.0		0.7		0.8


Benefits paid	(43.6)		(45.2)		(0.7)		(0.8)

Plan participant contributions	0.6		0.6		—		—
Foreign currency translation adjustments	0.3		(4.0)		—		—
Fair value of plan assets - end of year	$	462.4	$	432.4	$	—	$	—
Unfunded status of plans at December 31, 2019	$	(167.3)	$	(158.6)	$	(13.4)	$	(12.2)

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, 2019 and 2018 consisted of the following:




	Pension Plans						Other Post-Retirement Benefit Plans
	December 31,
	2019		2018		2019		2018
Other long-term assets	$	3.6	$	4.8	$	—	$	—

Accrued expenses and other	(2.7)		(5.9)		(0.4)		(0.7)
Pension and other post-retirement benefit liabilities	(168.2)		(157.5)		(13.0)		(11.5)
Total liability	$	(167.3)	$	(158.6)	$	(13.4)	$	(12.2)

Accumulated other comprehensive loss, gross	$	266.1	$	252.6	$	4.0	$	2.7
Income tax benefit	(48.7)		(44.4)		(1.0)		(0.6)
Portion allocated to Revlon Holdings	(0.8)		(0.8)		0.2		—
Accumulated other comprehensive loss, net	$	216.6	$	207.4	$	3.2	$	2.1

With respect to the above accrued expenses and other, the Company has recorded receivables from affiliates of $2.3 million and $2.4 million at December 31, 2019 and 2018, respectively, relating to pension plan liabilities retained by such affiliates.

As of December 31, 2019 and 2018, the projected benefit obligation, accumulated benefit obligation and fair value of plan assets for the Company's pension plans are as follows:



	December 31,
	2019		2018
Projected benefit obligation	$	629.7	$	591.0
Accumulated benefit obligation	627.9		589.1
Fair value of plan assets	462.4		432.4

Net Periodic Benefit Cost

The components of net periodic benefit costs for the Company's pension and the other post-retirement benefit plans for the years ended December 31, 2019 and 2018, respectively, were as follows:


	Pension Plans						Other Post-Retirement Benefit Plans
	Year Ended December 31,
	2019		2018		2019		2018
Net periodic benefit costs:
Service cost	$	1.9	$	2.0	$	—	$	—
Interest cost	20.0		18.6		0.4		0.4
Expected return on plan assets	(25.1)		(27.8)		—		—
Amortization of actuarial loss	9.9		9.2		0.2		0.4
Curtailment gain	—		(0.1)		—		—
Total net periodic benefit costs prior to allocation	$	6.7	$	1.9	$	0.6	$	0.8
Portion allocated to Revlon Holdings	(0.1)		(0.1)		—		—
Total net periodic benefit costs	$	6.6	$	1.8	$	0.6	$	0.8

In the year ended December 31, 2019, the Company recognized net periodic benefit cost of $7.2 million, compared to net periodic benefit cost of $2.6 million in the year ended December 31, 2018, primarily due to lower expected returns on plan assets and higher interest costs.

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


	Year Ended December 31,
	2019		2018
Net periodic benefit costs:
Cost of sales	$	—	$	0.1
Selling, general and administrative expense	1.9		1.9
Miscellaneous, net	5.3		0.6
Total net periodic benefit costs	$	7.2	$	2.6

Amounts recognized in accumulated other comprehensive loss at December 31, 2019 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	$	265.0	$	4.0	$	269.0
Prior service cost	1.1		—		1.1
Accumulated Other Comprehensive Loss, Gross	266.1		4.0		270.1
Income tax benefit	(48.7)		(1.0)		(49.7)
Portion allocated (to) from Revlon Holdings	(0.8)		0.2		(0.6)
Accumulated Other Comprehensive Loss, Net	$	216.6	$	3.2	$	219.8

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, 2019 expected to be recognized in net periodic benefit cost during the fiscal year ending December 31, 2020, is $10.8 million and $0.4 million, respectively.

Pension Plan Assumptions:

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


	U.S. Plans						International Plans
	2019		2018		2019		2018
Discount rate	3.01	%	4.13	%	1.81	%	2.52	%
Rate of future compensation increases	3.50	%	3.50	%	2.02	%	2.02	%

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
	2019		2018		2019		2018
Discount rate	4.13	%	3.47	%	2.52	%	2.19	%
Expected long-term return on plan assets	6.00	%	6.00	%	4.86	%	4.95	%
Rate of future compensation increases	3.50	%	3.50	%	2.02	%	1.75	%

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 6.00% and 4.86% weighted-average long-term rate of return on plan assets assumption during 2019 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 2019 were as follows:


	Target Ranges
	U.S. Plans	International Plans
Asset Class:
Common and preferred stock	0% - 10%	—
Mutual funds	10% - 30%	—
Fixed income securities	0% - 20%	—
Common and collective funds	50% - 70%	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, 2019 and 2018:


	U.S. Plans						International Plans
	2019		2018		2019			2018
Fair value of plan assets	$	380.6	$	358.3	$	81.8		$	74.1

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, 2019 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	—		—		—		—
Mutual Funds ^(a):
Corporate Bonds	10.8		10.8		—		—
Government Bonds	15.8		15.8		—		—
U.S. Large Cap Equity	0.2		0.2		—		—
International Equities	16.3		16.3		—		—
Emerging Markets International Equity	5.9		5.9		—		—
Cash and Cash Equivalents	1.6		1.6		—		—
Other ^(b)	2.0		2.0		—		—
Fixed Income Securities:
Corporate Bonds	—		—		—		—
Government Bonds	72.2		—		72.2		—
Common and Collective Funds ^(a):
Corporate Bonds	33.6		19.4		14.2		—
Government Bonds	38.9		9.1		29.8		—
U.S. Large Cap Equity	55.5		48.7		6.8		—
U.S. Small/Mid Cap Equity	18.2		18.2		—		—
International Equities	70.8		3.4		67.4		—
Emerging Markets International Equity	18.1		13.0		5.1		—
Cash and Cash Equivalents	1.7		1.7		—		—
Other ^(b)	2.9		—		2.9		—
Cash and Cash Equivalents	12.9		12.9		—		—
Total Plan Assets in the fair value hierarchy	$	377.4	$	179.0	$	198.4	—

Investments measured at Net Asset Value ^(c)
Common and Collective Funds	52.4
Hedge Funds	32.6
Total Plan Assets measured at Net Asset Value	$	85.0

Total Plan Assets at Fair Value	$	462.4	$	179.0	$	198.4	—

^(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, 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:
Corporate Bonds	—		—		—		—
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	—

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

There were no transfers into or out of Level 3 assets in the Company's U.S. and International pension plan's fair value hierarchy during 2019 or 2018.

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
2020	$	47.7	$	1.4
2021	$	42.4	$	1.3
2022	$	42.2	$	1.3
2023	$	41.5	$	1.2
2024	$	40.6	$	1.2
Years 2025 to 2029	$	189.9	$	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 2019, $11.4 million and $0.7 million were contributed to the Company’s pension plans and other post-retirement benefit plans, respectively. During 2020, the Company expects to contribute approximately $18 million in the aggregate to its pension and other post-retirement benefit plans.

STOCK COMPENSATION PLAN

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

STOCK COMPENSATION PLAN

Revlon maintains the Fourth Amended and Restated Revlon, Inc. Stock Plan (as amended, 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 1.8 million shares available for grant as of December 31, 2019. In July 2014, the Stock Plan was amended to renew the Stock Plan for a 7-year renewal term expiring on April 14, 2021. In September 2019 the Stock Plan was amended in connection with the 2019 TIP, described below, to: (1) allow the Compensation Committee to delegate to Revlon’s Chief Executive Officer the authority to grant RSUs to the Company’s employees, other than its officers who are subject to Section 16 of the Securities Exchange Act of 1934, as amended (i.e., the Company’s Chief Executive Officer, Chief Financial Officer and Chief Accounting Officer & Controller); (2) allow for accelerated vesting of equity awards upon a termination without cause; (3) change the minimum vesting period for specified equity awards from 3 years to 2 years; and (4) to increase by 250,000 shares the number of shares of Revlon common stock that are not subject to the Stock Plan’s minimum vesting requirements.

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, 2019 and 2018, there were no options exercisable under the Stock Plan and there was no stock option activity for 2019 and 2018.

Restricted stock awards and restricted stock units:

A summary of the restricted stock and RSU activity for each of 2019 and 2018 is presented in the following table:


	Restricted Stock (000's)	Weighted Average Grant Date Fair Value Per Share
Outstanding at January 1, 2018	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
Granted^(a)	1,163.5	21.72
Vested^(b)	(299.1)	21.80
Forfeited	(249.5)	20.11
Outstanding at December 31, 2019	2,021.6	20.93

^(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. The 2019 grants include 67,214 restricted stock awards and 1,096,324 RSUs, the latter granted pursuant to the Long-Term Incentive Program and the 2019 Transaction Incentive Program under the Stock Plan, as discussed below.

^(b) Of the amounts that vested during 2019 and 2018, 92,260 and 167,297 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 16, "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 $8.1 million and $17.2 million during 2019 and 2018, respectively. The 2019 total compensation expense consisted of $2.7 million related to restricted stock awards and $0.4 million and $5.0 million related to the Revlon 2019 Transaction Incentive Program and the Long-Term Incentive Program, respectively, discussed below. The total fair value of restricted stock and RSUs that vested during 2019 and 2018 was $6.5 million and $12.8 million, respectively. The deferred stock-based compensation balance related to restricted stock awards was $32.2 million at December 31, 2019. Of this balance, $3.5 million related to restricted stock awards and $28.7 million related to RSUs granted under the Revlon 2019 Transaction Incentive Program and the Long-Term Incentive Program, and they will be amortized ratably to compensation expense over a weighted-average remaining vesting period of 1.79 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 67,214 shares of restricted stock to certain executives during 2019, which vest ratably over a 3-year period, with the first tranche of such grants having vested in January 2020. 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 having vested in March 2019.

Revlon 2019 Transaction Incentive Program

In August 2019, it was disclosed that MacAndrews & Forbes and Revlon have determined to explore strategic transactions involving Revlon and third parties (the "Strategic Review"). In light of this, the Compensation Committee of Revlon’s Board of Directors approved a Revlon 2019 Transaction Incentive Program (the “2019 TIP”) that enables the Company to award cash-based and RSU-based retention grants and transaction bonus awards, as well as providing for the accelerated vesting of time-based RSUs and restricted shares following a termination without cause or due to death or disability.

Each Tier 1 participant’s 2019 TIP award is payable two-thirds in cash and one-third in RSUs vesting in 50% tranches on each of December 31, 2020 and December 31, 2021, while Tier 2 awards are payable 100% in cash in one lump-sum on December 31, 2020, in each case subject to certain earlier vesting for a change of control or termination of employment without cause, as described below. As of September 5, 2019, the Company approved a total of 206,812 time-based RSUs under Tier 1 of the 2019 TIP, which are scheduled to vest in equivalent amounts on each of December 31, 2020 and December 31, 2021, subject to continued employment (the “2019 TIP RSUs”). As of December 31, 2019, a total of 204,151 time-based RSUs under Tier 1 of the 2019 TIP had been granted. The Company’s President and Chief Executive Officer declined an award under the retention program and will receive a transaction bonus only if the Company completes a transaction.

The 2019 TIP RSUs vest in full upon an involuntary termination, other than if due to cause; provided that if a change of control occurs or a brand or business segment is sold and (i) the impacted grantee accepts an offer of employment from the buyer, then: (A) if the buyer assumes the 2019 TIP RSUs, the grantee will continue to vest in the assumed awards (with the grantee having the continued right to accelerated vesting upon an involuntary termination, other than if due to cause); and (B) if the buyer does not assume the 2019 TIP RSUs, the grantee’s 2019 TIP RSUs will vest upon closing the change of control; and (ii) the impacted grantee declines an offer of employment from the buyer for substantially comparable total compensation and benefits, the grantee will forfeit their unvested 2019 TIP RSUs (collectively, the “Special Vesting Rules”).

The 2019 TIP also provides for the following cash-based awards payable to certain employees, subject to continued employment through the respective vesting dates: (i) Tier 1 - $6.8 million payable in two equal installments as of December 31, 2020 and December 31, 2021; and (ii) Tier 2 - $2.5 million payable in one installment as of December 31, 2020. Such cash-based awards follow the Special Vesting Rules following a termination without cause or due to death or disability. During 2019, the Company granted $6.6 million and $2.1 million cash-based awards, net of forfeitures, under Tier 1 and Tier 2 of the 2019 TIP, respectively, which are being amortized over the period from the grant dates to December 31, 2021 and December 31, 2020, respectively. The total amount amortized for these cash-based awards through December 31, 2019 is approximately $1.3 million and is recorded in "Acquisition, integration and divestiture costs" in the Company's Consolidated Statements of Operations and Comprehensive Loss.

Long-Term Incentive Program

The Company's LTIP RSUs consist of time-based RSUs and performance-based RSUs. Time-based RSUs are scheduled to vest ratably over a 3-year service period, while performance-based RSUs are scheduled to vest based on the achievement of certain Company performance metrics and cliff-vest at the completion of a 3-year performance period.

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

In connection with the announcement of the 2019 TIP, in August 2019 the Company also approved applying the Special Vesting Rules to outstanding, pre-existing LTIP RSUs, except that accelerated vesting in the case of termination of employment without cause will apply only to any tranche of outstanding, pre-existing LTIP RSUs scheduled to vest in the 12-month period following termination, with any future tranches being forfeited. Prior to the approval of these Special Vesting Rules, while the outstanding, pre-existing LTIP RSUs would generally have accelerated vesting upon a change of control, they did not feature accelerated vesting for termination and, in such cases, they were entirely forfeited upon termination.

As of December 31, 2019, 5,462 LTIP RSUs and nil 2019 TIP RSUs were vested on an accelerated basis under the above-mentioned provisions, resulting in accelerated amortization of approximately $0.1 million.

During 2019, the activity related to time-based and performance-based RSUs previously granted to eligible employees and the grant date fair value per share related to these RSUs were as follows under the LTIP and 2019 TIP plans, respectively:


	Time-Based LTIP				Performance-Based LTIP
	RSUs (000's)	Weighted-Average Grant Date Fair Value per RSU		RSUs (000's)		Weighted-Average Grant Date Fair Value per RSU
Outstanding as of December 31, 2018
LTIP RSUs:
2018	434.7	$	19.11	434.7		$	19.11
2017 ^(a)	156.4	19.70		156.4		19.70
Total LTIP RSUs Outstanding as of December 31, 2018	591.1			591.1
Granted
2019 TIP RSUs Granted ^(b)	204.1	16.44		n/a		—
LTIP RSUs Granted:
2019	446.0	22.55		446.1		22.55
Total LTIP RSUs Granted	446.0			446.1
Vested
2019 TIP RSUs Vested ^(b)	—	—		n/a		—
LTIP RSUs Vested:
2019^(c)	(1.2)	22.55		—		—
2018 ^(c)	(135.1)	19.07		—		—
2017 ^(a)(c)	(69.4)	19.70		—		—
Total LTIP RSUs Vested	(205.7)			—
Forfeited/Canceled
2019 TIP RSUs Forfeited/Canceled ^(b)	(3.5)	16.44		n/a		—
LTIP RSUs Forfeited/Canceled:
2019	(19.2)	22.55		(20.5)		22.55
2018	(57.7)	19.70		(70.0)		19.70
2017 ^(a)	(33.0)	19.70		(45.5)		19.70
Total LTIP RSUs Forfeited/Canceled	(109.9)			(136.0)
Outstanding as of December 31, 2019
2019 TIP RSUs ^(b)	200.6	16.44		n/a		—
LTIP RSUs:
2019	425.6	22.55		425.6		22.55
2018	241.9	19.00		364.7		19.00
2017 ^(a)	54.0	19.70		110.9		19.70
Total LTIP RSUs	721.5			901.2
Total LTIP and TIP RSUs Outstanding as of December 31, 2019	922.1			901.2

^(a)The 2017 time-based and performance-based LTIP RSUs are recognized over a 2-year service and performance periods, respectively.

^(b) The 2019 TIP provides for RSU awards that are only time-based.

^(c) Includes acceleration of vesting of 5,462 RSUs under the 2019, 2018 and 2017 LTIPs upon involuntary termination.

Time-Based LTIP and TIP RSUs

The Company recognized a net adjustment to compensation expense related to the time-based LTIP and TIP RSUs of $5.0 million for the year ended December 31, 2019. As of December 31, 2019, the Company had $13.3 million of total deferred compensation expense related to non-vested, time-based LTIP and TIP RSUs. The cost is recognized over the vesting period of the awards, as described above.

Performance-based LTIP RSUs

The Company recognized a net adjustment to compensation expense related to the performance-based LTIP RSUs of $0.4 million for the year ended December 31, 2019. As of December 31, 2019, the Company had $15.3 million of total deferred compensation expense related to non-vested, performance-based LTIP RSUs. The cost is recognized over the service period of the awards, as described above. No performance-based LTIP RSUs vested during the year ended December 31, 2019.

INCOME TAXES

12 Months Ended

Dec. 31, 2019

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,
	2019		2018
Loss from continuing operations before income taxes:
United States	$	(293.0)	$	(298.5)
Foreign	128.0		6.6
	$	(165.0)	$	(291.9)
Provision for income taxes:
United States federal	$	(23.2)	$	(27.2)
State and local	7.0		(3.6)
Foreign	16.4		33.0
	$	0.2	$	2.2
Current:
United States federal	$	5.8	$	(8.9)
State and local	(1.8)		(0.8)
Foreign	26.0		10.2
	$	30.0	$	0.5
Deferred:
United States federal	$	(29.0)	$	(18.3)
State and local	8.8		(2.8)
Foreign	(9.6)		22.8
	$	(29.8)	$	1.7





Total provision for income taxes	$	0.2	$	2.2

The Company's provision for income taxes represents federal, foreign, state and local income taxes. 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 $0.2 million (Products Corporation - provision for income taxes of $1.6 million) for 2019 and a provision for income taxes of $2.2 million (Products Corporation - provision for income taxes of $3.4 million) for 2018, respectively. The $2.0 million decrease (Products Corporation - $1.8 million) in the provision for income taxes for 2019 compared to 2018, was primarily due to a decrease in foreign valuation allowances recorded in 2019, offset by additional tax expense resulting from changes in mix and level of foreign earnings.

The Company's effective tax rate for 2019 was lower than the federal statutory rate of 21% primarily due to additional U.S. tax expense on foreign earnings and valuation allowances recorded in 2019, which includes a valuation allowance on interest deductions.

As of December 31, 2019, 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,
	2019		2018
Computed income tax benefit	$	(34.6)	$	(61.3)
State and local taxes, net of U.S. federal income tax benefit	(3.3)		(2.9)
Foreign rate differential and other foreign adjustments	(5.4)		(9.3)
Net establishment of valuation allowance	19.1		75.0
Net release of uncertain tax positions	0.7		(4.3)
Foreign dividends and earnings taxable in the U.S.	23.2		12.8
Impairment for which there is no tax benefit	—		4.3

Impact of the Tax Act	—		(7.7)
Other	0.5		(4.4)
Total provision for income taxes	$	0.2	$	2.2

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, 2019 and 2018 were comprised of the following:


	December 31,
	2019		2018
Deferred tax assets:
Inventories	$	19.8	$	23.6
Net operating loss carryforwards - U.S.^(a)	165.5		160.8
Net operating loss carryforwards - foreign	55.0		69.7
Disallowed Interest Carryover - U.S.	63.1		42.8
Employee benefits	64.3		53.6

Sales-related reserves	20.4		21.1
Lease liability	20.3		—
Foreign currency translation adjustment	—		1.1
Other	55.5		50.4
Total gross deferred tax assets	463.9		423.1
Less valuation allowance ^(b)	(163.3)		(165.7)
Total deferred tax assets, net of valuation allowance	$	300.6	$	257.4
Deferred tax liabilities:
Plant, equipment and other assets	$	(43.9)	$	(32.6)
Intangibles	(73.3)		(81.5)
Other	(8.1)		(12.1)
Total gross deferred tax liabilities	(125.3)		(126.2)
Net deferred tax assets	$	175.3	$	131.2

^(a) Net operating loss carryforwards - U.S. for Products Corporation as of December 31, 2019 and December 31, 2018 were $146.1 million and $143.8 million, respectively.

^(b)The change in the valuation allowance for 2019 from 2018 includes activity of $19.1 million primarily related to valuation allowances for the limitation on the deductibility of interest, offset by write-offs of prior year valuation allowances.

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 2019, 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 2019 are consistent with the Company's conclusions on such matters as of the end of 2018. 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, 2019, the deferred tax valuation allowance primarily represented amounts for foreign jurisdictions where, as of the end of 2019, the Company had a three-year cumulative loss, and for certain U.S. state jurisdictions where the Company had tax loss carryforwards and other tax attributes which may expire prior to being utilized. The deferred tax valuation allowance decreased by $2.4 million and increased by $75.0 million during 2019 and 2018, respectively. The decrease in the deferred tax valuation allowance during 2019 was primarily associated with the write-off of valuation allowances on deferred tax assets no longer available and a release in foreign valuation allowance no longer required, offset by valuation allowances required on interest deduction limitations 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 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.

As of December 31, 2019, the Company had domestic (federal) and foreign net operating loss carryforwards of $939.7 million, of which $310.6 million are foreign and $629.1 million are domestic (federal). These losses expire in future years as follows: 2020- $4.5 million; 2021- $2.8 million; 2022 and beyond- $615.4 million; and unlimited- $317.0 million. The Company also has certain state net operating loss carryforwards that expire between 2020 and 2038. 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, 2019, 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: Spain for the tax years ended December 31, 2009 and forward; the U.S. (federal) for the tax years ended June 30, 2016 and forward; Canada for the tax years ended December 31, 2012 and forward; Australia for the tax years ended December 31, 2015 and forward; Switzerland for the tax years ended June 30, 2014 and forward; Japan for the tax years ended December 31, 2013 and forward; and the U.K. for the tax years ended December 31, 2016 and forward.

At December 31, 2019 and 2018, the Company had unrecognized tax benefits of $78.0 million and $74.7 million, respectively, including $11.7 million and $9.8 million, respectively, of accrued interest and penalties. Of the $78.0 million of unrecognized tax benefits as of December 31, 2019, $46.1 million would affect the Company's effective tax rate, if recognized, and the remaining $31.9 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 $1.9 million and $0.8 million in 2019 and 2018, 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, 2018	$	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
Increase based on tax positions taken in a prior year	0.3		3.4		3.7
Decrease based on tax positions taken in a prior year	(2.2)		(0.3)		(2.5)
Increase based on tax positions taken in the current year	7.1		—		7.1
Decrease resulting from the lapse of statutes of limitations	(3.8)		(1.2)		(5.0)
Balance at December 31, 2019	$	66.3	$	11.7	$	78.0

In addition, the Company believes that it is reasonably possible that its unrecognized tax benefits will decrease in 2020 by approximately $4.1 million due to the expiration of statutes of limitation.

As a result of the closing of the 2004 Revlon Exchange Transactions (as hereinafter defined in Note 20, "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 20, "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 2019, the Company's cash tax payments included $2.3 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, includes an insignificant amount 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 2019 or 2018 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 2020. During 2019, there were no federal tax payments from Products Corporation to Revlon pursuant to the Revlon Tax Sharing Agreement with respect to 2019 or 2018. 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. 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 2020 with respect to 2019. Pursuant to the asset transfer agreement referred to in Note 20, "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, 2019

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, 2019 is as follows:


	Foreign Currency Translation		Actuarial (Loss) Gain on Post-retirement Benefits		Deferred Gain (Loss) - Hedging		Other		Accumulated Other Comprehensive Loss
Balance at January 1, 2018	$	(15.0)	$	(212.4)	$	(0.7)	$	(0.3)	$	(228.4)
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 January 1, 2019	$	(24.4)	$	(209.5)	$	—	$	(0.3)	$	(234.2)
Foreign currency translation adjustment, net of tax of $(1.8) million	(2.9)		—		—		—		(2.9)
Amortization of pension related costs, net of tax of $(1.1) million ^(a)	—		9.0		—		—		9.0

Pension re-measurement, net of tax of $5.2 million	—		(19.3)		—		—		(19.3)


Other comprehensive (loss) income	$	(2.9)	$	(10.3)	$	—	$	—	$	(13.2)
Balance at December 31, 2019	$	(27.3)	$	(219.8)	$	—	$	(0.3)	$	(247.4)

^(a)Amounts represent the change in accumulated other comprehensive loss as a result of the amortization of actuarial losses (gains) arising during each year related to the Company’s pension and other post-retirement plans. See Note 12, "Pension and Post-retirement Benefits," for further discussion of the Company’s pension and other post-retirement plans.

^(b)See Note 11, "Financial Instruments," for further discussion of the 2013 Interest Rate Swap, which expired in May 2018.

For 2019, the Company did not have any activity related to financial instruments. As the 2013 Interest Rate Swap expired in May 2018 and had been fully amortized into earnings as of June 30, 2018, there was no activity related to the 2013 Interest Rate Swap for 2019. The following is a roll-forward of the amounts reclassified out of accumulated other comprehensive loss into earnings during 2018 related to the 2013 Interest Rate Swap:


	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.

STOCKHOLDERS' DEFICIENCY

12 Months Ended

Dec. 31, 2019

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, 2018	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
Restricted stock grants^(a)	1,163,538	—
Restricted stock forfeitures	(249,514)	—
Withholding of restricted stock to satisfy taxes	—	92,260

Balance, December 31, 2019	56,470,490	1,625,580

^(a)The 2018 and 2019 grants include 69,767 and 67,214 restricted stock awards, respectively, and 1,234,116 and 1,096,324 RSUs, respectively, the latter granted pursuant to the 2019 TIP and LTIP programs under the Stock Plan. See Note 13, "Stock Compensation Plan," for further discussion of the Company's Stock Plan.

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

Common Stock

As of December 31, 2019, 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, 2019, MacAndrews & Forbes beneficially owned approximately 87.1% 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 2019 the Company withheld a total of 92,260 shares of Revlon Class A Common Stock to satisfy its minimum statutory tax withholding requirements related to the vesting of shares of restricted stock and RSUs. These shares were recorded as treasury stock using the cost method, at a weighted average of $17.75 per share, based on the NYSE closing price per share on each applicable vesting date, for a total of $1.6 million. 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 and RSUs 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.

SEGMENT DATA AND RELATED INFORMATION

12 Months Ended

Dec. 31, 2019

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 of December 31, 2019, the Company’s operations are 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; 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 hair color line under the Llongueras brand (licensed from a third party) that is 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: (i) Juicy Couture (which are also sold direct-to-consumer on its juicycouturebeauty.com website), John Varvatos and AllSaints in prestige fragrances; (ii) Britney Spears, Elizabeth Taylor, Christina Aguilera, Jennifer Aniston and Mariah Carey in celebrity fragrances; and (iii) Curve, Giorgio Beverly Hills, Ed Hardy, Charlie, Lucky Brand, ‹PS› (logo of former Paul Sebastian brand), Alfred Sung, Halston, Geoffrey Beene and White Diamonds in mass fragrances.

The Company's management evaluates segment profit for each of the Company's reportable segments. The Company allocates corporate expenses to each reportable segment to arrive at segment profit, and these expenses are 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 for Revlon and Products Corporation by reportable segment for the periods presented.

Revlon, Inc.




	Year Ended December 31,
	2019		2018
Segment Net Sales:
Revlon	$	958.8	$	998.3
Elizabeth Arden	520.0		490.2
Portfolio	487.8		564.6
Fragrances	453.0		511.4
Total	$	2,419.6	$	2,564.5

Segment Profit:
Revlon	$	101.2	$	129.6
Elizabeth Arden	37.6		24.4
Portfolio	45.0		7.9
Fragrances	82.3		76.0
Total	$	266.1	$	237.9

Reconciliation:
Total Segment Profit	$	266.1	$	237.9
Less:

Depreciation and amortization	162.9		177.2
Non-cash stock compensation expense	8.1		17.2
Non-Operating items:
Restructuring and related charges	30.5		23.1
Acquisition, integration and divestiture costs	3.9		13.9
(Gain) loss on divested assets	(26.6)		20.1
Financial control remediation actions and related charges	13.4		—
Excessive coupon redemption in dispute	13.2		—
Oxford ERP system disruption-related charges	—		53.6



Impairment charge	—		18.0



Operating income (loss)	60.7		(85.2)
Less:
Interest Expense	196.6		176.6

Amortization of debt issuance costs	14.6		13.0

Foreign currency (gains) losses, net	(1.9)		15.8
Miscellaneous, net	16.4		1.3
Loss from continuing operations before income taxes	$	(165.0)	$	(291.9)

Products Corporation



	Year Ended December 31,
	2019		2018
Segment Net Sales:
Revlon	$	958.8	$	998.3
Elizabeth Arden	520.0		490.2
Portfolio	487.8		564.6
Fragrances	453.0		511.4
Total	$	2,419.6	$	2,564.5

Segment Profit:
Revlon	$	104.3	$	132.0
Elizabeth Arden	39.3		25.6
Portfolio	46.6		9.3
Fragrances	83.8		77.3
Total	$	274.0	$	244.2

Reconciliation:
Total Segment Profit	$	274.0	$	244.2
Less:

Depreciation and amortization	162.9		177.2
Non-cash stock compensation expense	8.1		17.2
Non-Operating items:
Restructuring and related charges	30.5		23.1
Acquisition, integration and divestiture costs	3.9		13.9
(Gain) loss on divested assets	(26.6)		20.1
Financial control remediation actions and related charges	13.4		—
Excessive coupon redemption in dispute	13.2		—
Oxford ERP system disruption-related charges	—		53.6
Impairment charge	—		18.0

Operating income (loss)	68.6		(78.9)
Less:
Interest Expense	196.6		176.6

Amortization of debt issuance costs	14.6		13.0

Foreign currency losses, net	(1.9)		15.8
Miscellaneous, net	16.4		1.3
Loss from continuing operations before income taxes	$	(157.1)	$	(285.6)

As of December 31, 2019, 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% of the Company’s worldwide net sales in both 2019 and 2018, 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, 2019
		Revlon		Elizabeth Arden		Portfolio		Fragrances		Total
Geographic Area:
Net Sales
North America		$	497.2	$	120.4	$	298.9	$	309.2	$	1,225.7
EMEA*		205.3		203.5		150.4		108.1		667.3
Asia		107.2		164.7		4.2		12.1		288.2
Latin America*		70.8		7.7		21.6		9.0		109.1
Pacific*		78.3		23.7		12.7		14.6		129.3
		$	958.8	$	520.0	$	487.8	$	453.0	$	2,419.6


	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

* 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,
	2019					2018
Classes of similar products:
Net sales:
Color cosmetics	$	769.9	32%	$	848.7	33%
Fragrance	611.7		26%	679.2		26%
Hair care	513.8		21%	529.3		21%
Beauty care	176.9		7%	200.4		8%
Skin care	347.3		14%	306.9		12%
	$	2,419.6		$	2,564.5

The following table presents the Company's long-lived assets by geographic area as of December 31, 2019 and December 31, 2018:


	December 31, 2019							December 31, 2018
Long-lived assets, net:
United States	$	1,414.0	83%	$	1,416.2			84%
International	280.1		17%	275.0				16%
	$	1,694.1				$	1,691.2

REVLON, INC. BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE

12 Months Ended

Dec. 31, 2019

Earnings Per Share, Basic and Diluted [Abstract]

REVLON, INC. BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE

Shares used in calculating Revlon's basic loss per share are computed using the weighted-average number of Revlon's common shares outstanding during each period. Shares used in diluted loss per share include the dilutive effect of unvested restricted stock, LTIP RSUs and TIP RSUs under the Company’s Stock Plan using the treasury stock method. For 2019 and 2018, Revlon's diluted loss per share equals basic loss per share, as the assumed vesting of restricted stock, LTIP RSUs and TIP RSUs would have an anti-dilutive effect. As of December 31, 2019 and 2018, there were no outstanding stock options under the Company's Stock Plan. See Note 13, "Stock Compensation Plan," for information on the LTIP and TIP RSUs.

Following are the components of Revlon's basic and diluted loss per common share for the periods presented:


	Year Ended December 31,
	2019		2018
Numerator:
Loss from continuing operations, net of taxes	$	(165.2)	$	(294.1)
Income (loss) from discontinued operations, net of taxes	7.5		(0.1)
Net loss	$	(157.7)	$	(294.2)
Denominator:
Weighted-average common shares outstanding – Basic	53,081,321		52,797,686
Effect of dilutive restricted stock and RSUs	—		—
Weighted-average common shares outstanding – Diluted	53,081,321		52,797,686
Basic and Diluted (loss) earnings per common share:
Continuing operations	$	(3.11)	$	(5.57)
Discontinued operations	0.14		—
Net loss per common share	$	(2.97)	$	(5.57)





Unvested restricted stock and RSUs under the Stock Plan^(a)	478,202		272,298

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

CONTINGENCIES	12 Months Ended
CONTINGENCIES	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES 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. 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, 2019
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS As of December 31, 2019, MacAndrews & Forbes beneficially owned approximately 87.1% 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 for each of 2019 and 2018. As of both December 31, 2019 and December 31, 2018, a receivable balance of $0.1 million from MacAndrews & Forbes was included in the Company’s Consolidated Balance Sheets for the Excluded Liabilities. The net activity related to transactions subject to the Transfer Agreements during 2019 and 2018 was $0.3 million expense and $0.9 million income, respectively. As of December 31, 2019 and December 31, 2018, a payable balance of $0.2 million to, and a receivable balance of $0.4 million from, MacAndrews & Forbes, respectively, was included in the Company’s Consolidated Balance Sheets for transactions subject to the Transfer Agreements. 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 2019 and 2018 was $0.5 million expense and $0.6 million income, respectively. As of December 31, 2019 and December 31, 2018, a payable balance of $0.2 million to, and a receivable balance of $0.3 million from, MacAndrews & Forbes, were included in the Company's Consolidated Balance Sheet for transactions subject to the Reimbursement Agreements, respectively. 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 14, "Income Taxes," for further discussion on these agreements and related transactions in 2019 and 2018. 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. Amended 2019 Senior Line of Credit Facility See Note 9, "Debt," regarding the Amended 2019 Senior Line of Credit Agreement between Products Corporation and MacAndrews & Forbes Group, LLC. 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 9, "Debt," for a discussion of the terms of the 2016 Credit Agreements and Senior Notes. During 2019 and 2018, 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 $55.1 million and $18.9 million of coupon redemptions for the Company's retail customers for the years ended December 31, 2019 and 2018, respectively, for which the Company incurred fees of approximately $1.0 million and $0.2 million for 2019 and 2018, respectively, and other similar advertising, coupon redemption and raw material supply services, for which the Company had net payables aggregating to approximately $0.5 million and $0.9 million for 2019 and 2018, respectively. As of December 31, 2019 and December 31, 2018, a payable balance of approximately $5.5 million and nil, respectively, were included in the Company's Consolidated Balance Sheet for the aforementioned coupon redemption services. 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 or received were at least as favorable as those available from unaffiliated parties. As previously disclosed, the Board of Directors elected Ms. Debra Perelman as the Company’s Chief Operating Officer in January 2018 and then in May 2018 as its President and Chief Executive Officer. Ms. Perelman is the daughter of Ronald O. Perelman, the Chairman of the Company’s Board of Directors. Ms. Perelman’s compensation is disclosed in Revlon’s Annual Proxy Statement. Also, as previously disclosed, E. Scott Beattie and Mitra Hormozi, each of whom are directors of Revlon, earned consulting fees. For Mr. Beattie consulting fees totaled $0.4 million and $0.5 million for 2019 and 2018, respectively. Ms. Hormozi earned consulting fees of approximately $0.1 million for 2019. The Company believes that its engagement of Mr. Beattie and Ms. Hormozi provide the Company with the ongoing expertise insight of these former Company executives and that each such agreement was entered into on arm's length terms and that the fees paid were at least as favorable as those available from unaffiliated parties.

PRODUCTS CORPORATION AND SUBSIDIARIES GUARANTOR FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

PRODUCTS CORPORATION AND SUBSIDIARIES GUARANTOR FINANCIAL INFORMATION

Products Corporation's 5.75% Senior Notes and 6.25% Senior Notes are fully and unconditionally guaranteed on a senior basis by certain of Products Corporation’s direct and indirect wholly-owned domestic subsidiaries (the "5.75% Senior Notes Guarantors" and the "6.25% Senior Notes Guarantors," respectively, and together the "Guarantor Subsidiaries").

The following Condensed Consolidating Financial Statements present the financial information as of December 31, 2019 and December 31, 2018, and for each of the years ended December 31, 2019 and 2018 for (i) Products Corporation on a stand-alone basis; (ii) the Guarantor Subsidiaries on a stand-alone basis; (iii) the subsidiaries of Products Corporation that do not guarantee Products Corporation's 5.75% Senior Notes and 6.25% Senior Notes (the "Non-Guarantor Subsidiaries") on a stand-alone basis; and (iv) Products Corporation, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries on a consolidated basis. The Condensed Consolidating Financial Statements are presented on the equity method, under which the investments in subsidiaries are recorded at cost and adjusted to the applicable share of the subsidiary's cumulative results of operations, capital contributions, distributions and other equity changes. The principal elimination entries eliminate investments in subsidiaries and intercompany balances and transactions.


Products Corporation and Subsidiaries Condensed Consolidating Balance Sheets
As of December 31, 2019
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated

ASSETS
Cash and cash equivalents	$	0.8	$	6.4	$	97.1	$	—	$	104.3
Trade receivables, less allowances for doubtful accounts	95.5		92.3		235.6		—		423.4
Inventories	131.0		151.5		165.9		—		448.4
Prepaid expenses and other	219.7		26.4		46.5		—		292.6
Intercompany receivables	2,857.7		2,854.6		452.7		(6,165.0)		—
Investment in subsidiaries	1,598.3		30.7		—		(1,629.0)		—
Property, plant and equipment, net	208.7		89.5		110.4		—		408.6
Deferred income taxes	165.0		(37.8)		30.9		—		158.1
Goodwill	159.9		264.0		249.8		—		673.7
Intangible assets, net	13.0		346.9		130.8		—		490.7
Other assets	67.8		16.2		37.1		—		121.1
Total assets	$	5,517.4	$	3,840.7	$	1,556.8	$	(7,794.0)	$	3,120.9
LIABILITIES AND STOCKHOLDER’S DEFICIENCY
Short-term borrowings	$	—	$	—	$	2.2	$	—	$	2.2
Current portion of long-term debt	287.9		—		0.1		—		288.0
Accounts payable	108.4		39.9		103.5		—		251.8
Accrued expenses and other	124.1		70.0		224.1		—		418.2
Intercompany payables	3,030.3		2,668.7		466.0		(6,165.0)		—
Long-term debt	2,822.2		—		84.0		—		2,906.2
Other long-term liabilities	220.4		118.2		5.3		—		343.9
Total liabilities	6,593.3		2,896.8		885.2		(6,165.0)		4,210.3
Stockholder’s deficiency	(1,075.9)		943.9		671.6		(1,629.0)		(1,089.4)
Total liabilities and stockholder’s deficiency	$	5,517.4	$	3,840.7	$	1,556.8	$	(7,794.0)	$	3,120.9


Products Corporation and Subsidiaries Condensed Consolidating Balance Sheets
As of December 31, 2018
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated

ASSETS
Cash and cash equivalents	$	7.3	$	6.6	$	73.4	$	—	$	87.3
Trade receivables, less allowances for doubtful accounts	89.7		103.5		238.1		—		431.3
Inventories	150.7		196.5		176.0		—		523.2
Prepaid expenses and other	214.7		25.0		60.0		—		299.7
Intercompany receivables	2,225.4		2,177.2		266.1		(4,668.7)		—
Investment in subsidiaries	1,627.4		30.4		—		(1,657.8)		—
Property, plant and equipment, net	197.1		57.5		99.9		—		354.5
Deferred income taxes	105.9		(6.9)		15.8		—		114.8
Goodwill	159.9		263.9		250.1		—		673.9
Intangible assets, net	21.2		412.2		98.6		—		532.0
Other assets	71.8		23.4		35.6		—		130.8
Total assets	$	4,871.1	$	3,289.3	$	1,313.6	$	(6,326.5)	$	3,147.5
LIABILITIES AND STOCKHOLDER’S DEFICIENCY
Short-term borrowings	$	—	$	—	$	9.3	$	—	$	9.3
Current portion of long-term debt	348.0		—		0.1		—		348.1
Accounts payable	148.8		88.6		94.7		—		332.1
Accrued expenses and other	152.6		87.0		195.1		—		434.7
Intercompany payables	2,226.8		2,028.9		413.0		(4,668.7)		—
Long-term debt	2,644.6		—		83.1		—		2,727.7
Other long-term liabilities	153.4		11.2		64.1		—		228.7
Total liabilities	5,674.2		2,215.7		859.4		(4,668.7)		4,080.6
Stockholder’s deficiency	(803.1)		1,073.6		454.2		(1,657.8)		(933.1)
Total liabilities and stockholder’s deficiency	$	4,871.1	$	3,289.3	$	1,313.6	$	(6,326.5)	$	3,147.5


Products Corporation and Subsidiaries Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income
Year Ended December 31, 2019
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net Sales	$	590.1	$	622.1	$	1,210.8	$	(3.4)	$	2,419.6
Cost of sales	282.6		306.5		466.5		(3.4)		1,052.2
Gross profit	307.5		315.6		744.3		—		1,367.4
Selling, general and administrative expenses	430.6		331.9		546.2		—		1,308.7
Acquisition, integration and divestiture costs	0.7		0.1		3.1		—		3.9
Restructuring charges and other, net	3.3		4.0		5.5		—		12.8

Gain on divested assets	—		—		(26.6)		—		(26.6)
Operating (loss) income	(127.1)		(20.4)		216.1		—		68.6
Other (income) expense:
Intercompany interest, net	(4.3)		2.6		1.7		—		—
Interest expense	189.5		—		7.1		—		196.6
Amortization of debt issuance costs	14.6		—		—		—		14.6
Foreign currency losses, net	(0.6)		(1.2)		(0.1)		—		(1.9)
Miscellaneous, net	(31.6)		(36.3)		84.3		—		16.4
Other expense (income), net	167.6		(34.9)		93.0		—		225.7
(Loss) income from continuing operations before income taxes	(294.7)		14.5		123.1		—		(157.1)
(Benefit from) provision for income taxes	(55.6)		40.8		16.4		—		1.6
(Loss) income from continuing operations, net of taxes	(239.1)		(26.3)		106.7		—		(158.7)
Income from discontinued operations, net of taxes	—		—		7.5		—		7.5
Equity in loss (income) of subsidiaries	144.5		19.0		—		(163.5)		—
Net (loss) income	$	(94.6)	$	(7.3)	$	114.2	$	(163.5)	$	(151.2)
Other comprehensive (loss) income	(13.3)		(6.9)		1.3		5.7		(13.2)
Total comprehensive (loss) income	$	(107.9)	$	(14.2)	$	115.5	$	(157.8)	$	(164.4)


Products Corporation and Subsidiaries Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income
Year Ended December 31, 2018
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net Sales	$	644.6	$	707.1	$	1,213.4	$	(0.6)	$	2,564.5
Cost of sales	300.9		343.6		473.1		(0.6)		1,117.0
Gross profit	343.7		363.5		740.3		—		1,447.5
Selling, general and administrative expenses	441.0		421.5		591.7		—		1,454.2
Acquisition, integration and divestiture costs	8.5		1.6		3.8		—		13.9
Restructuring charges and other, net	5.2		3.1		11.9		—		20.2
Impairment charges	18.0		—		—				18.0
Loss on divested assets	20.1		—		—		—		20.1
Operating (loss) income	(149.1)		(62.7)		132.9		—		(78.9)
Other (income) expenses:
Intercompany interest, net	(7.0)		2.5		4.5		—		—
Interest expense	172.7		—		3.9		—		176.6
Amortization of debt issuance costs	13.0		—		—		—		13.0

Foreign currency losses, net	3.5		0.6		11.7		—		15.8
Miscellaneous, net	(44.4)		(45.3)		91.0		—		1.3
Other expense (income), net	137.8		(42.2)		111.1		—		206.7
(Loss) income from continuing operations before income taxes	(286.9)		(20.5)		21.8		—		(285.6)
(Benefit from) provision for income taxes	(10.4)		7.3		6.5		—		3.4
(Loss) income from continuing operations, net of taxes	(276.5)		(27.8)		15.3		—		(289.0)
Loss from discontinued operations, net of taxes	—		—		(0.1)		—		(0.1)
Equity in (income) loss of subsidiaries	(12.6)		(6.6)		—		19.2		—
Net (loss) income	$	(289.1)	$	(34.4)	$	15.2	$	19.2	$	(289.1)
Other comprehensive (loss) income	(5.8)		(1.0)		(12.8)		13.8		(5.8)
Total comprehensive (loss) income	$	(294.9)	$	(35.4)	$	2.4	$	33.0	$	(294.9)


Products Corporation and Subsidiaries Condensed Consolidating Statements of Cash Flows
Year Ended December 31, 2019
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash (used in) provided by operating activities	$	(83.9)	$	1.9	$	13.7	$	—	$	(68.3)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash (used in) provided by investing activities	(17.1)		(2.0)		21.2		—		2.1



CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in short-term borrowings and overdraft	(7.1)		(3.7)		(6.5)		—		(17.3)
Repayments under the Amended 2016 Revolving Credit Facility	(62.6)		—		—		—		(62.6)
Net borrowings under the 2019 Term Loan Facility	200.0		—		—		—		200.0

Repayments under the 2016 Term Loan Facility	(18.0)		—		—		—		(18.0)
Payment of financing costs	(15.3)		—		—		—		(15.3)
Tax withholdings related to net share settlements of restricted stock units and awards	(1.6)		—		—		—		(1.6)
Other financing activities	(0.6)		(0.1)		(0.2)		—		(0.9)
Net cash provided by (used in) financing activities	94.8		(3.8)		(6.7)		—		84.3
Effect of exchange rate changes on cash, cash equivalents and restricted cash	—		3.7		(4.8)		—		(1.1)
Net (decrease) increase in cash, cash equivalents and restricted cash	(6.3)		(0.2)		23.6		—		17.0
Cash, cash equivalents and restricted cash at beginning of period	$	7.3	$	6.6	$	73.6	$	—	$	87.5
Cash, cash equivalents and restricted cash at end of period	$	1.0	$	6.4	$	97.2	$	—	$	104.5


Products Corporation and Subsidiaries Condensed Consolidating Statements of Cash Flows
Year Ended December 31, 2018
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash used in operating activities	$	(102.3)	$	(0.7)	$	(67.8)	$	—	$	(170.8)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash used in investing activities	(35.0)		(5.3)		(16.9)		—		(57.2)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net (decrease) increase in short-term borrowings and overdraft	(5.5)		7.0		(2.6)		—		(1.1)
Net borrowings under the Amended 2016 Revolving Credit Facility	178.0		—		—		—		178.0

Repayments under the 2016 Term Loan Facility	(18.0)		—		—		—		(18.0)
Net Borrowings under the 2018 Foreign Asset-Based Term Loan	—		—		88.9				88.9
Payments of financing costs	(5.4)		—		(4.3)		—		(9.7)
Tax withholdings related to net share settlements of restricted stock units and awards	(3.6)		—		—		—		(3.6)
Other financing activities	(1.2)		—		(0.2)		—		(1.4)
Net cash provided by financing activities	144.3		7.0		81.8		—		233.1
Effect of exchange rate changes on cash, cash equivalents and restricted cash	—		0.3		(5.3)		—		(5.0)
Net increase (decrease) in cash, cash equivalents and restricted cash	7.0		1.3		(8.2)		—		0.1
Cash, cash equivalents and restricted cash at beginning of period	$	0.3	$	5.3	$	81.8	$	—	87.4
Cash, cash equivalents and restricted cash at end of period	$	7.3	$	6.6	$	73.6	$	—	$	87.5

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Dec. 31, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS 2020 Refinancing Transactions Committed Debt Financing On March 9, 2020, Products Corporation entered into a binding commitment letter (the “Commitment Letter”) with Jefferies Finance LLC (the “Commitment Party”). Pursuant to the Commitment Letter and subject to the terms and conditions set forth therein, the Commitment Party has committed to provide senior secured term loan facilities in an aggregate principal amount of up to $850,000,000 (the “Facilities” and the “2020 Refinancing Transactions”). The proceeds of the Facilities will be used (i) to repay in full indebtedness outstanding under Products Corporation’s 5.75% Senior Notes due February 2021 and Products Corporation’s Term Credit Agreement (the “2019 Term Loan Facility”) dated as of August 6, 2019 (the “Refinancing”), (ii) to pay fees and expenses in connection with the Facilities and the Refinancing and (iii) to the extent of any excess, for general corporate purposes. The funding of the Facilities is contingent on the satisfaction of a limited number of customary conditions, including the execution of definitive loan documentation for the Facilities, absence of material adverse change and certain other customary conditions. The commitments under the Commitment Letter will be available to the Company until June 30, 2020, unless the Refinancing (as defined below) is consummated or the maturity of certain other material indebtedness of Products Corporation is accelerated prior to such date. Principal and Maturity: The Facilities will consist of (i) a senior secured term loan facility in a principal amount of up to $300,000,000 (the “Brandco Facility”) and (ii) a senior secured term loan facility in a principal amount of up to $550,000,000 (the “Specified Brands Facility”). Jefferies Finance LLC will act as administrative agent and collateral agent in respect of the Facilities. The Facilities will mature on the fifth anniversary of the closing date of the Facilities (the “Closing Date”), subject to a springing maturity 91 days prior to the maturity date of Products Corporation’s 6.25% Senior Notes due 2024 (the “2024 Notes”) if, on such date, $100,000,000 or more in aggregate principal amount of the 2024 Notes remains outstanding. Borrowers, Guarantees and Security: Brandco Facility. The borrower under the Brandco Facility will be Products Corporation, and the Brandco Facility will be guaranteed by certain indirect foreign subsidiaries of Products Corporation (the “Brandcos”), whose direct and indirect subsidiaries (the “Specified Brands Subsidiaries”) will be “Unrestricted Subsidiaries” for purposes of the existing debt agreements of Products Corporation and will hold various intellectual property assets related to the Elizabeth Arden and American Crew brands and certain other portfolio brands (the “Specified Brand Assets”). The Brandcos will not guarantee Products Corporation’s Term Credit Agreement dated as of September 7, 2016 and amended to date (as amended to date, the “2016 Term Loan Facility”), but all guarantors of the 2016 Term Loan Facility will guarantee the Brandco Facility. All of the assets of the Brandcos (including the equity of the first-tier Specified Brands Subsidiary) will be pledged to secure the Brandco Facility on a first-priority basis and will not secure the 2016 Term Loan Facility, but the Brandco Facility will be secured on a pari passu basis by the assets securing the 2016 Term Loan Facility. Specified Brands Facility. The borrower of the Specified Brands Facility will be a Specified Brands Subsidiary that is an indirect subsidiary of the Brandcos (the “Specified Brands Borrower”). The Specified Brands Facility will be guaranteed by the direct parent of the Specified Brands Borrower and each of the subsidiaries of the Specified Brands Borrower. The Specified Brands Facility will be secured by substantially all of the assets of the Specified Brands Borrower and the other Specified Brands Subsidiaries, which will include the Specified Brand Assets. Contribution and License Agreements: In connection with the pledge of the Specified Brand Assets, Products Corporation will enter into intercompany arrangements pursuant to which the Specified Brand Assets will be contributed to the Specified Brand Subsidiaries. Products Corporation and/or its operating subsidiaries will enter into license and royalty arrangements on arm’s length terms with the relevant Specified Brand Subsidiary to provide for their continued use of the Specified Brand Assets during the term of the Facilities. Interest and Fees: Interest will accrue on the Facilities at a rate per annum of adjusted LIBOR plus a fixed margin. Products Corporation is also obligated to pay customary fees and expenses in connection with the Facilities. Affirmative and Negative Covenants: The Facilities will contain certain affirmative and negative covenants that, among other things, limit the Restricted Group’s (as defined below) 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 “Restricted Group” means (a) with respect to the Brandco Facility, Products Corporation and its restricted subsidiaries under the Brandco Facility and (b) with respect to the Specified Brands Facility, the Specified Brands Subsidiaries. Prepayments: The Facilities will be subject to certain mandatory prepayments, including from the net proceeds from the issuance of certain additional debt and asset sale proceeds of certain non-ordinary course asset sales or other dispositions of property, subject to certain exceptions. The Facilities may be repaid at any time, subject to customary prepayment premiums. The Facilities will also contain certain customary representations, warranties and events of default. Revlon 2020 Restructuring Program (Unaudited) Building upon its previously-announced 2018 Optimization Program, in March 2020 the Company announced that it is implementing a worldwide organizational restructuring (the “Revlon 2020 Restructuring Program”) designed to reduce the Company’s selling, general and administrative expenses, as well as cost of goods sold, improve the Company’s gross profit and Adjusted EBITDA and maximize productivity, cash flow and liquidity. The Revlon 2020 Restructuring Program includes rightsizing the organization and operating with more efficient workflows and processes. The leaner organizational structure is also expected to improve communication flow and cross-functional collaboration, leveraging the more efficient business processes. As a result of the Revlon 2020 Restructuring Program, the Company expects to eliminate approximately 1,000 positions worldwide, including approximately 650 current employees and approximately 350 open positions. In March 2020, the Company began informing certain employees that will be affected by the Revlon 2020 Restructuring Program. While certain aspects of the Revlon 2020 Restructuring Program may be subject to consultations with employees, works councils, unions and/or governmental authorities, the Company currently expects to substantially complete the employee-related actions by the end of 2020 and the other consolidation and outsourcing actions during 2021 and 2022. In connection with implementing the Revlon 2020 Restructuring Program, the Company expects to recognize during 2020 approximately $55 million to $65 million of total pre-tax restructuring and related charges (the “2020 Restructuring Charges”), consisting primarily of employee-related costs, such as severance, retention and other contractual termination benefits. In addition the Company expects, restructuring charges in the range of $65 million to $75 million to be charged and paid in the period of 2021 to 2022. The Company expects that substantially all of these restructuring charges will be paid in cash, with approximately $55 million to $65 million of the total charges expected to be paid in 2020, approximately $40 million to $45 million expected to be paid in 2021, with the balance expected to be paid in 2022. As a result of the Revlon 2020 Restructuring Program, the Company expects to deliver in the range of $200 million to $230 million of annualized cost reductions by the end of 2022, with approximately 60% of these annualized cost reductions to be realized from the headcount reductions occurring in 2020. During 2020, the Company expects to realize approximately $105 million to $115 million of in-year cost reductions.

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2019
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: expected sales returns; 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; 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 PresentationAs 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 and Cash Equivalents	Cash, Cash Equivalents and Restricted CashCash and cash equivalents include cash in banks and highly liquid investments with original maturity dates of three months or less.
Trade Receivables	Trade ReceivablesTrade 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.
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 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.
Other Assets	Included in other assets are permanent wall displays amounting to $101.0 million and $110.6 million as of December 31, 2019 and 2018, 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.
Leases	Leases The Company adopted Accounting Standards Update ("ASU") No. 2016-02, "Leases (Topic 842)" ("ASU No. 2016-02" or "ASC 842"), beginning as of January 1, 2019, using a modified retrospective approach and applying the standard’s transition provisions at the effective date of January 1, 2019. ASU No. 2016-02 requires that a lessee recognize, for both finance leases and operating leases, a liability to make lease payments (the lease liability) and a Right-of-Use (“ROU”) asset representing its right to use the underlying leased asset for the lease term. The lease liability is equal to the present value of the lease payments and the ROU asset is based on the lease liability, subject to certain adjustments, such as pre-payments, initial direct costs, lease incentives and accrued rent. In addition, upon adoption the Company elected the available practical expedients allowed by the guidance under: •ASC 842-10-15-37, by not separating lease components from non-lease components and instead accounting for all components as a single lease component for all of its classes of underlying assets, i.e., for any type of equipment leases and real estate leases; and •ASC 842-10-65-1, by not reassessing at the transition date: (i) whether any expired or existing contracts are or contain leases; (ii) lease classification for any expired or existing leases; and (iii) initial direct costs for any existing leases. The Company determines if an arrangement is a lease at inception, considering whether the contract conveys a right to control the use of the identified asset for a period of time in exchange for consideration. Operating leases are included in ROU assets, recorded within “Property, Plant and Equipment,” and operating lease liabilities are recorded within either "Accrued expenses and other current liabilities" and/or "Other long-term liabilities" in the Company’s consolidated balance sheets. Finance leases are included in ROU assets recorded within “Property, Plant and Equipment,” and finance lease liabilities are recorded within either "Accrued expenses and other current liabilities" and/or "Other long-term liabilities" in the Company’s consolidated balance sheets, given their immateriality. As most of the Company’s leases do not provide the lease implicit rates, the Company uses its incremental borrowing rates as the discount rate, adjusted as applicable, based on the information available at the lease commencement dates to determine the present value of lease payments. The Company may use the lease implicit rate, when readily determinable, as the discount rate to determine the present value of lease payments. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Operating lease expense is recognized on a straight-line basis over the applicable lease term. At lease commencement, for initial measurement, variable lease payments that do not depend on an index or rate, if any, are excluded from lease payments. Subsequent to initial measurement, these variable payments are recognized when the event determining the amount of the variable consideration to be paid occurs. Leases with an initial lease term of 12 months or less are not included in the lease liability or ROU asset. After adoption, ROU assets and lease liabilities for operating leases are measured in accordance with the guidance in ASC 842-20-35-3, and ROU assets and lease liabilities for finance leases are measured in accordance with the guidance in ASC 842-30-35-1. The Company’s ROU assets for operating or finance leases are subject to the impairment guidance in ASC 360, Property, Plant, and Equipment.
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 1st 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 2019, in assessing whether goodwill was impaired in connection with its annual impairment testing performed during the fourth quarter of 2019 using October 1st, 2019 carrying values, the Company, in accordance with Financial Accounting Standards Board ("FASB"), Accounting Standard Codification ("ASC") 350, Intangibles - Goodwill and Other ("ASC 350"), performed qualitative assessments for its (i) Revlon, (ii) Elizabeth Arden Skin and Color and (iii) Fragrances reporting units and a quantitative assessment for its (x) Mass Portfolio, (y) Professional Portfolio and (z) Elizabeth Arden Fragrances reporting units. In performing the 2019 qualitative assessment, the Company considered, among other factors, the financial performance of each of its Revlon, Elizabeth Arden Skin and Color and Fragrances reporting units, as well as the results of the annual quantitative analysis performed in 2018 for each of these reporting units. Based upon such assessment, the Company determined that it was more likely than not that the fair value of each of its Revlon, Elizabeth Arden Skin and Color and Fragrances reporting units exceeded their respective carrying amounts for 2019. In performing the 2019 quantitative assessment, the Company used the simplified approach allowed under ASU No. 2017-04, "Simplifying the Test for Goodwill Impairment," which the Company early adopted in October 2018, to test its Mass Portfolio, Professional Portfolio and Elizabeth Arden Fragrances reporting units for impairment. Based upon such assessment, the Company determined that it was more likely than not that the fair value of each of its Mass Portfolio, Professional Portfolio and Elizabeth Arden Fragrances reporting units exceeded their respective carrying amounts for 2019. For 2018, the Company first performed a qualitative assessment on all of its reporting units, which indicated that indicators of impairment existed for the Mass Portfolio reporting unit within the Portfolio segment. Subsequently, the Company used the simplified approach allowed under ASU No. 2017-04 to test its Mass Portfolio reporting unit for impairment. Following the results of such assessment, 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, in accordance with ASC 350, 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 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 17, "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 Cost	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 $446.8 million and $507.0 million for 2019 and 2018, respectively, which 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.
Income Taxes	Income TaxesIncome 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 DevelopmentResearch 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 18, "Revlon, Inc. Basic and Diluted Earnings (Loss) Per Common Share").
Stock-Based Compensation	Stock-Based Compensation The Company recognizes stock-based compensation costs for its restricted stock and restricted stock units, measured at the fair value of each award at the time of grant, as an expense over the period during which an employee is required to provide service. Upon the vesting of restricted stock 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, 2019, the Company had no outstanding FX Contracts. See Note 11, "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 Evaluated and/ or Adopted Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, 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 modified retrospective approach and applying the standard’s transition provisions at the effective date of January 1, 2019. In addition, the Company elected to apply the package of practical expedients identified under ASC 842. As of January 1, 2019, the Company used an average discount rate of approximately 16%, based on an estimate of the Company's incremental borrowing rates. See Note 6, "Property, Plant and Equipment," for additional disclosures provided as a result of ASU 2016-02. In February 2018, the FASB issued ASU No. 2018-02, "Income Statement - Reporting Comprehensive Income (Topic 220) - Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income," which gives entities the option to reclassify tax effects stranded in accumulated other comprehensive income as a result of the Tax Cuts and Jobs Act of 2017 (the "Tax Act") to retained earnings. The guidance was effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Entities are required to make additional disclosures, regardless of whether they elect to reclassify stranded amounts of tax effects. The Company has elected not to adopt this amendment and will include required financial statement disclosures, as applicable. No impact is expected to the Company’s results of operations and/or financial condition. Recently Issued Accounting Pronouncements In December 2019, the FASB issued ASU No. 2019-12, "Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes," which removes certain exceptions for recognizing deferred taxes for investments, performing intra-period allocations and calculating income taxes in interim periods. This ASU also adds guidance to reduce complexity in certain areas, including recognizing deferred taxes for tax goodwill and allocating taxes to members of a consolidated group. This guidance is effective for annual periods beginning after December 15, 2020, with early adoption permitted, including adoption in any interim period. An entity that elects to early adopt the amendments in an interim period should reflect any adjustments as of the beginning of the annual period that includes that interim period. Additionally, an entity that elects early adoption must adopt all the amendments in the same period. The amendments in this ASU that are related to separate financial statements of legal entities that are not subject to tax should be applied on a retrospective basis for all periods presented. The amendments in this ASU that are related to changes in ownership of foreign equity method investments or foreign subsidiaries should be applied on a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption. The amendments in this ASU that are related to franchise taxes that are partially based on income should be applied on either a retrospective basis for all periods presented or a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption. All other amendments under this ASU should be applied on a prospective basis. The Company is in the process of assessing the impact, if any, that this ASU 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 are to be deferred and recognized as an asset and which costs are to be expensed as incurred. This guidance is effective for annual periods beginning after December 15, 2019, with early adoption permitted, and may be applied either retrospectively or prospectively to all software implementation costs incurred after adoption. The Company adopted ASU No. 2018-15 prospectively, beginning as of January 1, 2020. The Company has completed its assessment and has determined that this new guidance will not have a material impact on the Company’s results of operations, financial condition and/or financial statement disclosures. In August 2018, the FASB issued ASU No. 2018-14, "Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715): Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans.” This new guidance removes certain disclosures that are not considered cost beneficial, clarifies certain required disclosures and requires certain additional disclosures. This guidance is effective for annual periods beginning after December 15, 2020, with early adoption permitted. The Company will adopt this guidance (on a retrospective basis for certain new additional disclosures), beginning as of January 1, 2021. While the Company is currently assessing the impact of this new pronouncement, the new guidance, which only affects disclosure items, is not expected to have a material impact on the Company’s results of operations, financial condition and/or financial statement disclosures. 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 Topic 326. Instead, impairment from receivables of operating leases should be accounted for in accordance with Topic 842, Leases. In November 2019, the FASB issued ASU No. 2019-10, which, among other things, deferred the application of the new guidance on credit losses for smaller reporting companies ("SRC") to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. This guidance will be applied through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (i.e., a modified-retrospective approach). Under the above-mentioned deferral, the Company expects to adopt ASU No. 2016-03, and the related ASU No. 2018-19 amendments, beginning as of January 1, 2023 and is in the process of assessing the impact, if any, that this new guidance is expected to have on the Company’s results of operations, financial condition and/or financial statement disclosures.

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Cash and Cash Equivalents

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,
	2019		2018
Cash and cash equivalents	$	104.3	$	87.3
Restricted cash^(a)	0.2		0.2
Total cash, cash equivalents and restricted cash	$	104.5	$	87.5

^(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.

RESTRUCTURING CHARGES (Tables)

12 Months Ended

Dec. 31, 2019

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Charges

A summary of the 2018 Optimization Restructuring Charges incurred since its inception in November 2018 and through December 31, 2019 is presented in the following table:



	Restructuring Charges and Other, Net
	Employee Severance and Other Personnel Benefits		Other Costs		Total Restructuring Charges		Inventory Adjustments^(a)		Other Related Charges^(b)		Total Restructuring and Related Charges
Charges incurred through December 31, 2018	$	4.5	$	—	$	4.5	$	—	$	1.2	$	5.7
Charges incurred during 2019	15.8		0.3		16.1		4.9		12.8		33.8
Cumulative charges incurred through December 31, 2019	$	20.3	$	0.3	$	20.6	$	4.9	$	14.0	$	39.5

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

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

A summary of the 2018 Optimization Restructuring Charges incurred since its inception in November 2018 and through December 31, 2019 by reportable segment is presented in the following table:



	Charges incurred during 2019		Cumulative charges incurred through December 31, 2019
Revlon	$	6.9	$	8.8
Elizabeth Arden	3.4		4.3
Portfolio	3.0		4.0
Fragrances	2.8		3.5
Total	$	16.1	$	20.6

A summary of the EA Integration Restructuring Charges incurred since its inception in December 2016 and through December 31, 2019 is presented in the following table:



	Restructuring Charges and Other, Net
	Employee Severance and Other Personnel Benefits^(a)		Lease Termination and Other Costs^(b)		Total Restructuring Charges		Inventory Adjustments^(c)		Other Related Charges^(d)		Total Restructuring and Related Charges
Cumulative charges incurred through December 31, 2018	$	72.2	$	5.1	$	77.3	$	1.9	$	3.0	$	82.2
Charges incurred during 2019	(1.9)		—		(1.9)		—		—		(1.9)
Cumulative charges incurred through December 31, 2019	$	70.3	$	5.1	$	75.4	$	1.9	$	3.0	$	80.3

^(a)Includes reversal due to true-up during 2019 of previously-accrued restructuring charges.

^(b)Lease termination liabilities related to certain exited office space were adjusted following the implementation of ASC 842. See Note 6, "Property, Plant & Equipment," for additional information.

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

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

A summary of the EA Integration Restructuring Charges incurred since inception in December 2016 and through December 31, 2019 by reportable segment is presented in the following table:



	Reversal of charges during 2019		Cumulative charges incurred through December 31, 2019
Revlon	$	(0.8)	$	32.1
Elizabeth Arden	(0.2)		13.1
Portfolio	(0.4)		12.7
Fragrances	(0.5)		17.5
Total	$	(1.9)	$	75.4

Schedule of Liability Balance and Activity of Restructuring Programs

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



										Utilized, Net
			Liability Balance at January 1, 2019			Expense, Net			Foreign Currency Translation			Cash			Non-cash			Liability Balance at December 31, 2019
2018 Optimization Program:
Employee severance and other personnel benefits	$	3.7		$	15.8		$	—		$	(13.8)		$	—		$	5.7
Other	—			0.3			—			(0.3)			—			—
Total 2018 Optimization Program	3.7			16.1			—			(14.1)			—			5.7

EA Integration Restructuring Program:
Employee severance and other personnel benefits	13.8			(1.9)			(0.2)			(7.7)			—			4.0
Other^(a)	3.4			—			—			(0.3)			(3.5)			(0.4)
Total EA Integration Restructuring Program	17.2			(1.9)			(0.2)			(8.0)			(3.5)			3.6




Other immaterial actions:^(b)
Employee severance and other personnel benefits	4.6			(1.4)			—			(1.8)			(1.1)			0.3
Other	0.9			—			—			(0.5)			—			0.4
Total other immaterial actions	5.5			(1.4)			—			(2.3)			(1.1)			0.7
Total restructuring reserve	$	26.4		$	12.8		$	(0.2)		$	(24.4)		$	(4.6)		$	10.0

^(b)Consists primarily of the Company's other individually and collectively immaterial restructuring initiatives, including those in Denmark, Norway and Sweden.



							Utilized, Net
	Liability Balance at January 1, 2018		Expense, Net		Foreign Currency Translation		Cash		Non-Cash^(a)		Liability Balance at December 31, 2018
2018 Optimization Program:
Employee severance and other personnel benefits	$	—	$	4.5	$	—	$	(0.8)	$	—	$	3.7
Other	—		—		—		—		—		—
Total 2018 Optimization Program	—		4.5		—		(0.8)		—		3.7

EA Integration Restructuring Program:
Employee severance and other personnel benefits	25.8		9.4		(0.3)		(21.1)		—		13.8
Other	3.9		0.1		—		(0.3)		(0.3)		3.4
Total EA Integration Restructuring Program	29.7		9.5		(0.3)		(21.4)		(0.3)		17.2




Other immaterial actions:
Employee severance and other personnel benefits	2.5		5.1		—		(3.0)		—		4.6
Other	1.7		1.1		(0.1)		(1.8)		—		0.9
Total other immaterial actions	4.2		6.2		(0.1)		(4.8)		—		5.5
Total restructuring reserve	$	33.9	$	20.2	$	(0.4)	$	(27.0)	$	(0.3)	$	26.4

^(a) Relates to the reversal of excessive accrual of professional fees.

DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2019

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,
	2019		2018
Net sales	$	—	$	—
Income (loss) from discontinued operations, before taxes	7.5		(0.1)
Provision for income taxes	—		—
Income (loss) from discontinued operations, net of taxes	7.5		(0.1)

As of December 31, 2019 and December 31, 2018, assets and liabilities of the China discontinued operations included in the Consolidated Balance Sheets consisted of the following:



	December 31,		December 31,
	2019		2018
Cash and cash equivalents	$	1.0	$	1.1
Trade receivables, net	—		0.2
Total current assets	1.0		1.3
Total assets	$	1.0	$	1.3

Accounts payable	$	—	$	0.5
Accrued expenses and other	1.2		3.3
Total current liabilities	1.2		3.8
Total liabilities	$	1.2	$	3.8

Components of Inventories

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

+ References

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+ Details

INVENTORIES (Tables)

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

As of December 31, 2019 and 2018, the Company's inventory balances consisted of the following:


	December 31,
	2019		2018
Finished goods	$	326.5	$	374.1
Raw materials and supplies	110.4		143.5
Work-in-process	11.5		5.6
	$	448.4	$	523.2

PREPAID EXPENSES AND OTHER (Tables)

12 Months Ended

Dec. 31, 2019

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

Prepaid Expenses and Other

As of December 31, 2019 and 2018, the Company's prepaid expenses and other balances were as follows:


	December 31,
	2019		2018
Prepaid expenses	$	68.9	$	71.5
Taxes ^(a)	40.4		46.9
Other	26.0		33.6
	$	135.3	$	152.0

^(a) Taxes for Products Corporation as of December 31, 2019 and December 31, 2018 were $36.5 million and $42.9 million, respectively.

PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Schedule of Property, Plant and Equipment

As of December 31, 2019 and 2018, the Company's property, plant and equipment balances consisted of the following:



	December 31,
	2019		2018
Land and improvements	$	11.0	$	11.2
Building and improvements	113.0		103.2
Machinery and equipment	296.0		286.7
Office furniture, fixtures and capitalized software	241.5		220.0
Counters and trade fixtures	52.9		56.0
Leasehold improvements	50.1		51.5
Construction-in-progress	14.0		51.1
Right-of-Use assets ^(a)	118.2		—
Property, plant and equipment, gross	896.7		779.7
Accumulated depreciation and amortization	(488.1)		(425.2)
Property, plant and equipment, net	$	408.6	$	354.5

Schedule of Lease cost

The following table includes disclosure related to the new ASC 842 lease standard, after application of the aforementioned practical expedients and short-term lease considerations:


	Year Ended
	December 31, 2019
Lease Cost:
Finance Lease Cost:
Amortization of ROU assets	$	0.3
Interest on lease liabilities	0.2
Operating Lease Cost	41.7
Total Lease Cost	$	42.2

Other Information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	0.2
Operating cash flows from operating leases	39.4
Financing cash flows from finance leases	0.8

ROU assets for finance leases	1.0
ROU assets for operating leases	91.4
Amortization on ROU assets for finance leases	0.3
Amortization on ROU assets for operating leases	23.2

Weighted-average remaining lease term - finance leases	2.8 years
Weighted-average remaining lease term - operating leases	6.2 years

Weighted-average discount rate - finance leases	15.6		%
Weighted-average discount rate - operating leases	15.8		%

Schedule of Finance Lease Maturities

Maturities of lease liabilities as of December 31, 2019 were as follows:


	Operating Leases		Finance Leases
2020	$	34.0	$	0.7
2021	30.5		0.5
2022	24.0		0.3
2023	19.7		—
2024	14.3		—
Thereafter	46.8		—
Total undiscounted cash flows	$	169.3	$	1.5

Present value:
Short-term lease liability	$	14.0	$	0.5
Long-term lease liability	92.8		0.5
Total lease liability	$	106.8	$	1.0
Difference between undiscounted cash flows and discounted cash flows	$	62.5	$	0.5

Schedule of Operating Lease Maturities

Maturities of lease liabilities as of December 31, 2019 were as follows:


	Operating Leases		Finance Leases
2020	$	34.0	$	0.7
2021	30.5		0.5
2022	24.0		0.3
2023	19.7		—
2024	14.3		—
Thereafter	46.8		—
Total undiscounted cash flows	$	169.3	$	1.5

Present value:
Short-term lease liability	$	14.0	$	0.5
Long-term lease liability	92.8		0.5
Total lease liability	$	106.8	$	1.0
Difference between undiscounted cash flows and discounted cash flows	$	62.5	$	0.5

Schedule of Future Minimum Rental Payments for Operating Leases


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

Schedule of Future Minimum Lease Payments for Capital Leases


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

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Goodwill by Segment

The following table presents the changes in goodwill by segment during 2019 and 2018:



	Revlon		Portfolio		Elizabeth Arden		Fragrances		Total
Balance at January 1, 2018^(a)	$	265.3	$	189.5	$	116.9	$	120.8	$	692.5

Foreign currency translation adjustment	(0.3)		(0.3)		—		—		(0.6)
Goodwill impairment charge^(a)	—		(18.0)		—		—		(18.0)
Balance at December 31, 2018	$	265.0	$	171.2	$	116.9	$	120.8	$	673.9

Foreign currency translation adjustment	(0.1)		(0.1)		—		—		(0.2)


Balance at December 31, 2019	$	264.9	$	171.1	$	116.9	$	120.8	$	673.7

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

^(a)Amount refers to cumulative goodwill impairment charges related to impairments recognized in 2015, 2017 and 2018; no impairment charges were recognized during 2019.

Summary of Finite-Lived Intangible Assets

The following tables present details of the Company's total intangible assets as of December 31, 2019 and December 31, 2018:


	December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses	$	271.2	$	(110.9)	$	160.3	13
Customer relationships	248.3		(96.5)		151.8		11
Patents and internally-developed intellectual property	21.5		(12.1)		9.4		5
Distribution rights	31.0		(5.6)		25.4		15
Other	1.3		(1.3)		—		0
Total finite-lived intangible assets	$	573.3	$	(226.4)	$	346.9

Indefinite-lived intangible assets:
Trade names	$	143.8	N/A		$	143.8
Total indefinite-lived intangible assets	$	143.8	N/A		$	143.8

Total intangible assets	$	717.1	$	(226.4)	$	490.7

	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

Summary of Indefinite-Lived Intangible Assets

The following tables present details of the Company's total intangible assets as of December 31, 2019 and December 31, 2018:


	December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses	$	271.2	$	(110.9)	$	160.3	13
Customer relationships	248.3		(96.5)		151.8		11
Patents and internally-developed intellectual property	21.5		(12.1)		9.4		5
Distribution rights	31.0		(5.6)		25.4		15
Other	1.3		(1.3)		—		0
Total finite-lived intangible assets	$	573.3	$	(226.4)	$	346.9

Indefinite-lived intangible assets:
Trade names	$	143.8	N/A		$	143.8
Total indefinite-lived intangible assets	$	143.8	N/A		$	143.8

Total intangible assets	$	717.1	$	(226.4)	$	490.7

	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

Estimated Future Amortization Expense



	Estimated Amortization Expense
2020	$	34.3
2021	33.2
2022	32.3
2023	30.8
2024	27.4
Thereafter	188.9
Total	$	346.9

ACCRUED EXPENSES AND OTHER (Tables)

12 Months Ended

Dec. 31, 2019

Payables and Accruals [Abstract]

Components of Accrued Expenses and Other

As of December 31, 2019 and December 31, 2018, the Company's accrued expenses and other current liabilities consisted of the following:


	December 31,		December 31,
	2019		2018
Sales returns and allowances	$	89.7	$	97.7
Advertising, marketing and promotional costs	82.8		84.2
Taxes ^(a)	54.3		38.9
Compensation and related benefits	42.1		56.2
Interest	34.0		33.8
Professional services and insurance	16.3		9.5
Short term lease liability ^(b)	14.5		1.1
Freight and distribution costs	13.2		6.8
Restructuring reserve	10.0		26.4
Software	4.0		1.2
Other ^(c)	54.0		75.1
Total	$	414.9	$	430.9

^(a) Accrued Taxes for Products Corporation as of December 31, 2019 and December 31, 2018 were $57.6 million and $42.6 million, respectively.

DEBT (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Components of Long-Term Debt

As of December 31, 2019 and December 31, 2018, the Company's debt balances consisted of the following:


	December 31,		December 31,
	2019		2018
2019 Term Loan Facility due 2023, net of discounts and debt issuance costs (see (a) below)	$	187.1	$	—
2018 Foreign Asset-Based Term Facility due 2021, net of discounts and debt issuance costs (see (e) below)	82.3		82.7
Amended 2016 Revolving Credit Facility due 2021, net of debt issuance costs (see (c) and (d) below)	269.9		330.0
2016 Term Loan Facility: 2016 Term Loan due 2023, net of discounts and debt issuance costs (see (f) below)	1,713.6		1,724.6
5.75% Senior Notes due 2021, net of debt issuance costs (see (g) below)	498.1		496.6
6.25% Senior Notes due 2024, net of debt issuance costs (see (h) below)	442.8		441.4


Spanish Government Loan due 2025	0.4		0.5
Debt	$	3,194.2	$	3,075.8
Less current portion^(*)	(288.0)		(348.1)
Long-term debt	$	2,906.2	$	2,727.7

Short-term borrowings^(**)	$	2.2	$	9.3

^(**) The weighted average interest rate on these short-term borrowings outstanding at December 31, 2019 and 2018 was 8.3% and 6.2%, respectively.

Schedule of Debt Instrument Redemption

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
2020						103.125%
2021						101.563%
2022 and thereafter						100.000%

Schedule of Line of Credit Facilities

At December 31, 2019, the aggregate principal amounts outstanding and availability under Products Corporation’s various revolving credit facilities were as follows:



	Commitment		Borrowing Base		Aggregate principal amount outstanding at December 31, 2019		Availability at December 31, 2019 ^(a)
Tranche A of the Amended 2016 Revolving Credit Facility	$	400.0	$	400.0	$	230.9	$	157.7
Tranche B of the Amended 2016 Revolving Credit Facility	41.5		41.5		41.5		—
Total Tranche A & B of the Amended 2016 Revolving Credit Facility^(a)	$	441.5	$	441.5	$	272.4	$	157.7
Amended 2019 Senior Line of Credit Facility	$	30.0	N/A		$	—	$	30.0

Schedule of Maturities of Long-term Debt

The aggregate amounts of contractual long-term debt maturities at December 31, 2019 in the years 2020 through 2024 and thereafter are as follows:


Years Ended December 31,	Long-Term Debt Maturities
2020	$	290.5	^(a)
2021	604.4		^(b)
2022	18.1		^(c)
2023	1,887.6		^(d)
2024	450.0		^(e)
Thereafter	—
Total long-term debt	3,250.6
Discounts and deferred finance charges	(56.4)
Total long-term debt, net of discounts and deferred finance charges	$	3,194.2

^(c) Amount consists of the $18.0 million quarterly amortization payments described in (a)(iii) above payable in 2022.

^(e)Amount consists of the $450 million aggregate principal amount outstanding at December 31, 2019 under the 6.25% Senior Notes, which are scheduled to mature in August 2024.

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

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
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-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

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

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

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

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

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

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

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

+ Details

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

As of December 31, 2019, 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, 2019
	Fair Value
	Level 1		Level 2		Level 3		Total		Carrying Value
Liabilities:
Long-term debt, including current portion^(a)	$	—	$	2,522.2	$	—	$	2,522.2	$	3,194.2

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

^(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.

FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of 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 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,
						2019	2018
Derivative financial instruments:
2013 Interest Rate Swap	Interest Expense	$	—	$	(1.2)

FX Contracts	Foreign currency gain, net	—		0.2
2013 Interest Rate Swap	Miscellaneous, net	—		0.2


	Amount of Gain Recognized in Other Comprehensive Loss
		Year Ended December 31,
		2019		2018
Derivatives previously designated as hedging instruments:
2013 Interest Rate Swap, net of tax ^(a)		$	—	$	0.7

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

PENSION AND POST-RETIREMENT BENEFITS (Tables)

12 Months Ended

Dec. 31, 2019

Retirement Benefits [Abstract]

Schedule of Net Funded Status




	Pension Plans						Other Post-Retirement Benefit Plans
	December 31,
	2019		2018		2019		2018
Change in Benefit Obligation:
Benefit obligation - beginning of year	$	(591.0)	$	(661.4)	$	(12.2)	$	(14.0)
Service cost	(1.9)		(2.0)		—		—
Interest cost	(20.0)		(18.6)		(0.4)		(0.4)
Actuarial (loss) gain	(59.3)		42.0		(1.5)		1.4



Benefits paid	43.6		45.2		0.7		0.8
Plan Amendments	(1.2)		—		—		—
Plan participant contributions	(0.6)		(0.6)		—		—
Foreign currency translation adjustments	0.7		4.4		—		—
Benefit obligation - end of year	$	(629.7)	$	(591.0)	$	(13.4)	$	(12.2)
Change in Plan Assets:
Fair value of plan assets - beginning of year	$	432.4	$	497.2	$	—	$	—
Actual return (loss) on plan assets	61.3		(24.2)		—		—
Employer contributions	11.4		8.0		0.7		0.8


Benefits paid	(43.6)		(45.2)		(0.7)		(0.8)

Plan participant contributions	0.6		0.6		—		—
Foreign currency translation adjustments	0.3		(4.0)		—		—
Fair value of plan assets - end of year	$	462.4	$	432.4	$	—	$	—
Unfunded status of plans at December 31, 2019	$	(167.3)	$	(158.6)	$	(13.4)	$	(12.2)

Schedule of Amounts Recognized in Balance Sheet




	Pension Plans						Other Post-Retirement Benefit Plans
	December 31,
	2019		2018		2019		2018
Other long-term assets	$	3.6	$	4.8	$	—	$	—

Accrued expenses and other	(2.7)		(5.9)		(0.4)		(0.7)
Pension and other post-retirement benefit liabilities	(168.2)		(157.5)		(13.0)		(11.5)
Total liability	$	(167.3)	$	(158.6)	$	(13.4)	$	(12.2)

Accumulated other comprehensive loss, gross	$	266.1	$	252.6	$	4.0	$	2.7
Income tax benefit	(48.7)		(44.4)		(1.0)		(0.6)
Portion allocated to Revlon Holdings	(0.8)		(0.8)		0.2		—
Accumulated other comprehensive loss, net	$	216.6	$	207.4	$	3.2	$	2.1

Schedule of Plan with Accumulated Benefit Obligation in Excess of Plan Assets

As of December 31, 2019 and 2018, the projected benefit obligation, accumulated benefit obligation and fair value of plan assets for the Company's pension plans are as follows:



	December 31,
	2019		2018
Projected benefit obligation	$	629.7	$	591.0
Accumulated benefit obligation	627.9		589.1
Fair value of plan assets	462.4		432.4

Schedule of 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 for the years ended December 31, 2019 and 2018, respectively, were as follows:


	Pension Plans						Other Post-Retirement Benefit Plans
	Year Ended December 31,
	2019		2018		2019		2018
Net periodic benefit costs:
Service cost	$	1.9	$	2.0	$	—	$	—
Interest cost	20.0		18.6		0.4		0.4
Expected return on plan assets	(25.1)		(27.8)		—		—
Amortization of actuarial loss	9.9		9.2		0.2		0.4
Curtailment gain	—		(0.1)		—		—
Total net periodic benefit costs prior to allocation	$	6.7	$	1.9	$	0.6	$	0.8
Portion allocated to Revlon Holdings	(0.1)		(0.1)		—		—
Total net periodic benefit costs	$	6.6	$	1.8	$	0.6	$	0.8

Schedule of 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,
	2019		2018
Net periodic benefit costs:
Cost of sales	$	—	$	0.1
Selling, general and administrative expense	1.9		1.9
Miscellaneous, net	5.3		0.6
Total net periodic benefit costs	$	7.2	$	2.6

Schedule of Net Periodic Benefit Cost Not yet Recognized




	Pension Benefits		Post-Retirement Benefits		Total
Net actuarial loss	$	265.0	$	4.0	$	269.0
Prior service cost	1.1		—		1.1
Accumulated Other Comprehensive Loss, Gross	266.1		4.0		270.1
Income tax benefit	(48.7)		(1.0)		(49.7)
Portion allocated (to) from Revlon Holdings	(0.8)		0.2		(0.6)
Accumulated Other Comprehensive Loss, Net	$	216.6	$	3.2	$	219.8

Schedule of Defined Benefit Plan Assumptions


	U.S. Plans						International Plans
	2019		2018		2019		2018
Discount rate	3.01	%	4.13	%	1.81	%	2.52	%
Rate of future compensation increases	3.50	%	3.50	%	2.02	%	2.02	%


	U.S. Plans						International Plans
	2019		2018		2019		2018
Discount rate	4.13	%	3.47	%	2.52	%	2.19	%
Expected long-term return on plan assets	6.00	%	6.00	%	4.86	%	4.95	%
Rate of future compensation increases	3.50	%	3.50	%	2.02	%	1.75	%

The target ranges per asset class in effect for 2019 were as follows:


	Target Ranges
	U.S. Plans	International Plans
Asset Class:
Common and preferred stock	0% - 10%	—
Mutual funds	10% - 30%	—
Fixed income securities	0% - 20%	—
Common and collective funds	50% - 70%	100%
Hedge funds	5% - 15%	—
Cash and other investments	0% - 10%	—

Schedule of Changes in 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, 2019 and 2018:


	U.S. Plans						International Plans
	2019		2018		2019			2018
Fair value of plan assets	$	380.6	$	358.3	$	81.8		$	74.1

Schedule of Allocation of Plan Assets

The fair values of the assets within the Company's U.S. and International pension plans at December 31, 2019 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	—		—		—		—
Mutual Funds ^(a):
Corporate Bonds	10.8		10.8		—		—
Government Bonds	15.8		15.8		—		—
U.S. Large Cap Equity	0.2		0.2		—		—
International Equities	16.3		16.3		—		—
Emerging Markets International Equity	5.9		5.9		—		—
Cash and Cash Equivalents	1.6		1.6		—		—
Other ^(b)	2.0		2.0		—		—
Fixed Income Securities:
Corporate Bonds	—		—		—		—
Government Bonds	72.2		—		72.2		—
Common and Collective Funds ^(a):
Corporate Bonds	33.6		19.4		14.2		—
Government Bonds	38.9		9.1		29.8		—
U.S. Large Cap Equity	55.5		48.7		6.8		—
U.S. Small/Mid Cap Equity	18.2		18.2		—		—
International Equities	70.8		3.4		67.4		—
Emerging Markets International Equity	18.1		13.0		5.1		—
Cash and Cash Equivalents	1.7		1.7		—		—
Other ^(b)	2.9		—		2.9		—
Cash and Cash Equivalents	12.9		12.9		—		—
Total Plan Assets in the fair value hierarchy	$	377.4	$	179.0	$	198.4	—

Investments measured at Net Asset Value ^(c)
Common and Collective Funds	52.4
Hedge Funds	32.6
Total Plan Assets measured at Net Asset Value	$	85.0

Total Plan Assets at Fair Value	$	462.4	$	179.0	$	198.4	—

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

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:
Corporate Bonds	—		—		—		—
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	—

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

Schedule of Expected 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
2020	$	47.7	$	1.4
2021	$	42.4	$	1.3
2022	$	42.2	$	1.3
2023	$	41.5	$	1.2
2024	$	40.6	$	1.2
Years 2025 to 2029	$	189.9	$	4.7

STOCK COMPENSATION PLAN (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Restricted stock units award activity

A summary of the restricted stock and RSU activity for each of 2019 and 2018 is presented in the following table:


	Restricted Stock (000's)	Weighted Average Grant Date Fair Value Per Share
Outstanding at January 1, 2018	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
Granted^(a)	1,163.5	21.72
Vested^(b)	(299.1)	21.80
Forfeited	(249.5)	20.11
Outstanding at December 31, 2019	2,021.6	20.93


	Time-Based LTIP				Performance-Based LTIP
	RSUs (000's)	Weighted-Average Grant Date Fair Value per RSU		RSUs (000's)		Weighted-Average Grant Date Fair Value per RSU
Outstanding as of December 31, 2018
LTIP RSUs:
2018	434.7	$	19.11	434.7		$	19.11
2017 ^(a)	156.4	19.70		156.4		19.70
Total LTIP RSUs Outstanding as of December 31, 2018	591.1			591.1
Granted
2019 TIP RSUs Granted ^(b)	204.1	16.44		n/a		—
LTIP RSUs Granted:
2019	446.0	22.55		446.1		22.55
Total LTIP RSUs Granted	446.0			446.1
Vested
2019 TIP RSUs Vested ^(b)	—	—		n/a		—
LTIP RSUs Vested:
2019^(c)	(1.2)	22.55		—		—
2018 ^(c)	(135.1)	19.07		—		—
2017 ^(a)(c)	(69.4)	19.70		—		—
Total LTIP RSUs Vested	(205.7)			—
Forfeited/Canceled
2019 TIP RSUs Forfeited/Canceled ^(b)	(3.5)	16.44		n/a		—
LTIP RSUs Forfeited/Canceled:
2019	(19.2)	22.55		(20.5)		22.55
2018	(57.7)	19.70		(70.0)		19.70
2017 ^(a)	(33.0)	19.70		(45.5)		19.70
Total LTIP RSUs Forfeited/Canceled	(109.9)			(136.0)
Outstanding as of December 31, 2019
2019 TIP RSUs ^(b)	200.6	16.44		n/a		—
LTIP RSUs:
2019	425.6	22.55		425.6		22.55
2018	241.9	19.00		364.7		19.00
2017 ^(a)	54.0	19.70		110.9		19.70
Total LTIP RSUs	721.5			901.2
Total LTIP and TIP RSUs Outstanding as of December 31, 2019	922.1			901.2

^(a)The 2017 time-based and performance-based LTIP RSUs are recognized over a 2-year service and performance periods, respectively.

^(b) The 2019 TIP provides for RSU awards that are only time-based.

^(c) Includes acceleration of vesting of 5,462 RSUs under the 2019, 2018 and 2017 LTIPs upon involuntary termination.

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2019

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,
	2019		2018
Loss from continuing operations before income taxes:
United States	$	(293.0)	$	(298.5)
Foreign	128.0		6.6
	$	(165.0)	$	(291.9)
Provision for income taxes:
United States federal	$	(23.2)	$	(27.2)
State and local	7.0		(3.6)
Foreign	16.4		33.0
	$	0.2	$	2.2
Current:
United States federal	$	5.8	$	(8.9)
State and local	(1.8)		(0.8)
Foreign	26.0		10.2
	$	30.0	$	0.5
Deferred:
United States federal	$	(29.0)	$	(18.3)
State and local	8.8		(2.8)
Foreign	(9.6)		22.8
	$	(29.8)	$	1.7





Total provision for income taxes	$	0.2	$	2.2

Reconciliation of Statutory Federal Income Tax Rate

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


	Year Ended December 31,
	2019		2018
Computed income tax benefit	$	(34.6)	$	(61.3)
State and local taxes, net of U.S. federal income tax benefit	(3.3)		(2.9)
Foreign rate differential and other foreign adjustments	(5.4)		(9.3)
Net establishment of valuation allowance	19.1		75.0
Net release of uncertain tax positions	0.7		(4.3)
Foreign dividends and earnings taxable in the U.S.	23.2		12.8
Impairment for which there is no tax benefit	—		4.3

Impact of the Tax Act	—		(7.7)
Other	0.5		(4.4)
Total provision for income taxes	$	0.2	$	2.2

Deferred Tax Assets and Liabilities

The Company's deferred tax assets and liabilities at December 31, 2019 and 2018 were comprised of the following:


	December 31,
	2019		2018
Deferred tax assets:
Inventories	$	19.8	$	23.6
Net operating loss carryforwards - U.S.^(a)	165.5		160.8
Net operating loss carryforwards - foreign	55.0		69.7
Disallowed Interest Carryover - U.S.	63.1		42.8
Employee benefits	64.3		53.6

Sales-related reserves	20.4		21.1
Lease liability	20.3		—
Foreign currency translation adjustment	—		1.1
Other	55.5		50.4
Total gross deferred tax assets	463.9		423.1
Less valuation allowance ^(b)	(163.3)		(165.7)
Total deferred tax assets, net of valuation allowance	$	300.6	$	257.4
Deferred tax liabilities:
Plant, equipment and other assets	$	(43.9)	$	(32.6)
Intangibles	(73.3)		(81.5)
Other	(8.1)		(12.1)
Total gross deferred tax liabilities	(125.3)		(126.2)
Net deferred tax assets	$	175.3	$	131.2

^(a) Net operating loss carryforwards - U.S. for Products Corporation as of December 31, 2019 and December 31, 2018 were $146.1 million and $143.8 million, respectively.

(b) The change in the valuation allowance for 2019 from 2018 includes activity of $19.1 million primarily related to valuation allowances for the limitation on the deductibility of interest, offset by write-offs of prior year valuation allowances.

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, 2018	$	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
Increase based on tax positions taken in a prior year	0.3		3.4		3.7
Decrease based on tax positions taken in a prior year	(2.2)		(0.3)		(2.5)
Increase based on tax positions taken in the current year	7.1		—		7.1
Decrease resulting from the lapse of statutes of limitations	(3.8)		(1.2)		(5.0)
Balance at December 31, 2019	$	66.3	$	11.7	$	78.0

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

12 Months Ended

Dec. 31, 2019

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, 2019 is as follows:


	Foreign Currency Translation		Actuarial (Loss) Gain on Post-retirement Benefits		Deferred Gain (Loss) - Hedging		Other		Accumulated Other Comprehensive Loss
Balance at January 1, 2018	$	(15.0)	$	(212.4)	$	(0.7)	$	(0.3)	$	(228.4)
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 January 1, 2019	$	(24.4)	$	(209.5)	$	—	$	(0.3)	$	(234.2)
Foreign currency translation adjustment, net of tax of $(1.8) million	(2.9)		—		—		—		(2.9)
Amortization of pension related costs, net of tax of $(1.1) million ^(a)	—		9.0		—		—		9.0

Pension re-measurement, net of tax of $5.2 million	—		(19.3)		—		—		(19.3)


Other comprehensive (loss) income	$	(2.9)	$	(10.3)	$	—	$	—	$	(13.2)
Balance at December 31, 2019	$	(27.3)	$	(219.8)	$	—	$	(0.3)	$	(247.4)

^(b)See Note 11, "Financial Instruments," for further discussion of the 2013 Interest Rate Swap, which expired in May 2018.

Reclassification out of Accumulated Other Comprehensive Loss


	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.

STOCKHOLDERS' DEFICIENCY (Tables)

12 Months Ended

Dec. 31, 2019

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, 2018	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
Restricted stock grants^(a)	1,163,538	—
Restricted stock forfeitures	(249,514)	—
Withholding of restricted stock to satisfy taxes	—	92,260

Balance, December 31, 2019	56,470,490	1,625,580

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

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, 2019

Segment Reporting [Abstract]

The following table is a comparative summary of the Company’s net sales and segment profit for Revlon and Products Corporation by reportable segment for the periods presented.

Revlon, Inc.




	Year Ended December 31,
	2019		2018
Segment Net Sales:
Revlon	$	958.8	$	998.3
Elizabeth Arden	520.0		490.2
Portfolio	487.8		564.6
Fragrances	453.0		511.4
Total	$	2,419.6	$	2,564.5

Segment Profit:
Revlon	$	101.2	$	129.6
Elizabeth Arden	37.6		24.4
Portfolio	45.0		7.9
Fragrances	82.3		76.0
Total	$	266.1	$	237.9

Reconciliation:
Total Segment Profit	$	266.1	$	237.9
Less:

Depreciation and amortization	162.9		177.2
Non-cash stock compensation expense	8.1		17.2
Non-Operating items:
Restructuring and related charges	30.5		23.1
Acquisition, integration and divestiture costs	3.9		13.9
(Gain) loss on divested assets	(26.6)		20.1
Financial control remediation actions and related charges	13.4		—
Excessive coupon redemption in dispute	13.2		—
Oxford ERP system disruption-related charges	—		53.6



Impairment charge	—		18.0



Operating income (loss)	60.7		(85.2)
Less:
Interest Expense	196.6		176.6

Amortization of debt issuance costs	14.6		13.0

Foreign currency (gains) losses, net	(1.9)		15.8
Miscellaneous, net	16.4		1.3
Loss from continuing operations before income taxes	$	(165.0)	$	(291.9)

Products Corporation



	Year Ended December 31,
	2019		2018
Segment Net Sales:
Revlon	$	958.8	$	998.3
Elizabeth Arden	520.0		490.2
Portfolio	487.8		564.6
Fragrances	453.0		511.4
Total	$	2,419.6	$	2,564.5

Segment Profit:
Revlon	$	104.3	$	132.0
Elizabeth Arden	39.3		25.6
Portfolio	46.6		9.3
Fragrances	83.8		77.3
Total	$	274.0	$	244.2

Reconciliation:
Total Segment Profit	$	274.0	$	244.2
Less:

Depreciation and amortization	162.9		177.2
Non-cash stock compensation expense	8.1		17.2
Non-Operating items:
Restructuring and related charges	30.5		23.1
Acquisition, integration and divestiture costs	3.9		13.9
(Gain) loss on divested assets	(26.6)		20.1
Financial control remediation actions and related charges	13.4		—
Excessive coupon redemption in dispute	13.2		—
Oxford ERP system disruption-related charges	—		53.6
Impairment charge	—		18.0

Operating income (loss)	68.6		(78.9)
Less:
Interest Expense	196.6		176.6

Amortization of debt issuance costs	14.6		13.0

Foreign currency losses, net	(1.9)		15.8
Miscellaneous, net	16.4		1.3
Loss from continuing operations before income taxes	$	(157.1)	$	(285.6)

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, 2019
		Revlon		Elizabeth Arden		Portfolio		Fragrances		Total
Geographic Area:
Net Sales
North America		$	497.2	$	120.4	$	298.9	$	309.2	$	1,225.7
EMEA*		205.3		203.5		150.4		108.1		667.3
Asia		107.2		164.7		4.2		12.1		288.2
Latin America*		70.8		7.7		21.6		9.0		109.1
Pacific*		78.3		23.7		12.7		14.6		129.3
		$	958.8	$	520.0	$	487.8	$	453.0	$	2,419.6


	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

The following table presents the Company's long-lived assets by geographic area as of December 31, 2019 and December 31, 2018:


	December 31, 2019							December 31, 2018
Long-lived assets, net:
United States	$	1,414.0	83%	$	1,416.2			84%
International	280.1		17%	275.0				16%
	$	1,694.1				$	1,691.2

Schedule of Net Sales by Classes of Similar Products


	Year Ended December 31,
	2019					2018
Classes of similar products:
Net sales:
Color cosmetics	$	769.9	32%	$	848.7	33%
Fragrance	611.7		26%	679.2		26%
Hair care	513.8		21%	529.3		21%
Beauty care	176.9		7%	200.4		8%
Skin care	347.3		14%	306.9		12%
	$	2,419.6		$	2,564.5

REVLON, INC. BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share, Basic and Diluted [Abstract]

Components of Basic and Diluted Earnings Per Share

Following are the components of Revlon's basic and diluted loss per common share for the periods presented:


	Year Ended December 31,
	2019		2018
Numerator:
Loss from continuing operations, net of taxes	$	(165.2)	$	(294.1)
Income (loss) from discontinued operations, net of taxes	7.5		(0.1)
Net loss	$	(157.7)	$	(294.2)
Denominator:
Weighted-average common shares outstanding – Basic	53,081,321		52,797,686
Effect of dilutive restricted stock and RSUs	—		—
Weighted-average common shares outstanding – Diluted	53,081,321		52,797,686
Basic and Diluted (loss) earnings per common share:
Continuing operations	$	(3.11)	$	(5.57)
Discontinued operations	0.14		—
Net loss per common share	$	(2.97)	$	(5.57)





Unvested restricted stock and RSUs under the Stock Plan^(a)	478,202		272,298

PRODUCTS CORPORATION AND SUBSIDIARIES GUARANTOR FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Condensed Balance Sheet


Products Corporation and Subsidiaries Condensed Consolidating Balance Sheets
As of December 31, 2019
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated

ASSETS
Cash and cash equivalents	$	0.8	$	6.4	$	97.1	$	—	$	104.3
Trade receivables, less allowances for doubtful accounts	95.5		92.3		235.6		—		423.4
Inventories	131.0		151.5		165.9		—		448.4
Prepaid expenses and other	219.7		26.4		46.5		—		292.6
Intercompany receivables	2,857.7		2,854.6		452.7		(6,165.0)		—
Investment in subsidiaries	1,598.3		30.7		—		(1,629.0)		—
Property, plant and equipment, net	208.7		89.5		110.4		—		408.6
Deferred income taxes	165.0		(37.8)		30.9		—		158.1
Goodwill	159.9		264.0		249.8		—		673.7
Intangible assets, net	13.0		346.9		130.8		—		490.7
Other assets	67.8		16.2		37.1		—		121.1
Total assets	$	5,517.4	$	3,840.7	$	1,556.8	$	(7,794.0)	$	3,120.9
LIABILITIES AND STOCKHOLDER’S DEFICIENCY
Short-term borrowings	$	—	$	—	$	2.2	$	—	$	2.2
Current portion of long-term debt	287.9		—		0.1		—		288.0
Accounts payable	108.4		39.9		103.5		—		251.8
Accrued expenses and other	124.1		70.0		224.1		—		418.2
Intercompany payables	3,030.3		2,668.7		466.0		(6,165.0)		—
Long-term debt	2,822.2		—		84.0		—		2,906.2
Other long-term liabilities	220.4		118.2		5.3		—		343.9
Total liabilities	6,593.3		2,896.8		885.2		(6,165.0)		4,210.3
Stockholder’s deficiency	(1,075.9)		943.9		671.6		(1,629.0)		(1,089.4)
Total liabilities and stockholder’s deficiency	$	5,517.4	$	3,840.7	$	1,556.8	$	(7,794.0)	$	3,120.9


Products Corporation and Subsidiaries Condensed Consolidating Balance Sheets
As of December 31, 2018
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated

ASSETS
Cash and cash equivalents	$	7.3	$	6.6	$	73.4	$	—	$	87.3
Trade receivables, less allowances for doubtful accounts	89.7		103.5		238.1		—		431.3
Inventories	150.7		196.5		176.0		—		523.2
Prepaid expenses and other	214.7		25.0		60.0		—		299.7
Intercompany receivables	2,225.4		2,177.2		266.1		(4,668.7)		—
Investment in subsidiaries	1,627.4		30.4		—		(1,657.8)		—
Property, plant and equipment, net	197.1		57.5		99.9		—		354.5
Deferred income taxes	105.9		(6.9)		15.8		—		114.8
Goodwill	159.9		263.9		250.1		—		673.9
Intangible assets, net	21.2		412.2		98.6		—		532.0
Other assets	71.8		23.4		35.6		—		130.8
Total assets	$	4,871.1	$	3,289.3	$	1,313.6	$	(6,326.5)	$	3,147.5
LIABILITIES AND STOCKHOLDER’S DEFICIENCY
Short-term borrowings	$	—	$	—	$	9.3	$	—	$	9.3
Current portion of long-term debt	348.0		—		0.1		—		348.1
Accounts payable	148.8		88.6		94.7		—		332.1
Accrued expenses and other	152.6		87.0		195.1		—		434.7
Intercompany payables	2,226.8		2,028.9		413.0		(4,668.7)		—
Long-term debt	2,644.6		—		83.1		—		2,727.7
Other long-term liabilities	153.4		11.2		64.1		—		228.7
Total liabilities	5,674.2		2,215.7		859.4		(4,668.7)		4,080.6
Stockholder’s deficiency	(803.1)		1,073.6		454.2		(1,657.8)		(933.1)
Total liabilities and stockholder’s deficiency	$	4,871.1	$	3,289.3	$	1,313.6	$	(6,326.5)	$	3,147.5

Condensed Income Statement and Statement of Comprehensive Income


Products Corporation and Subsidiaries Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income
Year Ended December 31, 2019
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net Sales	$	590.1	$	622.1	$	1,210.8	$	(3.4)	$	2,419.6
Cost of sales	282.6		306.5		466.5		(3.4)		1,052.2
Gross profit	307.5		315.6		744.3		—		1,367.4
Selling, general and administrative expenses	430.6		331.9		546.2		—		1,308.7
Acquisition, integration and divestiture costs	0.7		0.1		3.1		—		3.9
Restructuring charges and other, net	3.3		4.0		5.5		—		12.8

Gain on divested assets	—		—		(26.6)		—		(26.6)
Operating (loss) income	(127.1)		(20.4)		216.1		—		68.6
Other (income) expense:
Intercompany interest, net	(4.3)		2.6		1.7		—		—
Interest expense	189.5		—		7.1		—		196.6
Amortization of debt issuance costs	14.6		—		—		—		14.6
Foreign currency losses, net	(0.6)		(1.2)		(0.1)		—		(1.9)
Miscellaneous, net	(31.6)		(36.3)		84.3		—		16.4
Other expense (income), net	167.6		(34.9)		93.0		—		225.7
(Loss) income from continuing operations before income taxes	(294.7)		14.5		123.1		—		(157.1)
(Benefit from) provision for income taxes	(55.6)		40.8		16.4		—		1.6
(Loss) income from continuing operations, net of taxes	(239.1)		(26.3)		106.7		—		(158.7)
Income from discontinued operations, net of taxes	—		—		7.5		—		7.5
Equity in loss (income) of subsidiaries	144.5		19.0		—		(163.5)		—
Net (loss) income	$	(94.6)	$	(7.3)	$	114.2	$	(163.5)	$	(151.2)
Other comprehensive (loss) income	(13.3)		(6.9)		1.3		5.7		(13.2)
Total comprehensive (loss) income	$	(107.9)	$	(14.2)	$	115.5	$	(157.8)	$	(164.4)


Products Corporation and Subsidiaries Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income
Year Ended December 31, 2018
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net Sales	$	644.6	$	707.1	$	1,213.4	$	(0.6)	$	2,564.5
Cost of sales	300.9		343.6		473.1		(0.6)		1,117.0
Gross profit	343.7		363.5		740.3		—		1,447.5
Selling, general and administrative expenses	441.0		421.5		591.7		—		1,454.2
Acquisition, integration and divestiture costs	8.5		1.6		3.8		—		13.9
Restructuring charges and other, net	5.2		3.1		11.9		—		20.2
Impairment charges	18.0		—		—				18.0
Loss on divested assets	20.1		—		—		—		20.1
Operating (loss) income	(149.1)		(62.7)		132.9		—		(78.9)
Other (income) expenses:
Intercompany interest, net	(7.0)		2.5		4.5		—		—
Interest expense	172.7		—		3.9		—		176.6
Amortization of debt issuance costs	13.0		—		—		—		13.0

Foreign currency losses, net	3.5		0.6		11.7		—		15.8
Miscellaneous, net	(44.4)		(45.3)		91.0		—		1.3
Other expense (income), net	137.8		(42.2)		111.1		—		206.7
(Loss) income from continuing operations before income taxes	(286.9)		(20.5)		21.8		—		(285.6)
(Benefit from) provision for income taxes	(10.4)		7.3		6.5		—		3.4
(Loss) income from continuing operations, net of taxes	(276.5)		(27.8)		15.3		—		(289.0)
Loss from discontinued operations, net of taxes	—		—		(0.1)		—		(0.1)
Equity in (income) loss of subsidiaries	(12.6)		(6.6)		—		19.2		—
Net (loss) income	$	(289.1)	$	(34.4)	$	15.2	$	19.2	$	(289.1)
Other comprehensive (loss) income	(5.8)		(1.0)		(12.8)		13.8		(5.8)
Total comprehensive (loss) income	$	(294.9)	$	(35.4)	$	2.4	$	33.0	$	(294.9)

Condensed Cash Flow Statement


Products Corporation and Subsidiaries Condensed Consolidating Statements of Cash Flows
Year Ended December 31, 2019
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash (used in) provided by operating activities	$	(83.9)	$	1.9	$	13.7	$	—	$	(68.3)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash (used in) provided by investing activities	(17.1)		(2.0)		21.2		—		2.1



CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in short-term borrowings and overdraft	(7.1)		(3.7)		(6.5)		—		(17.3)
Repayments under the Amended 2016 Revolving Credit Facility	(62.6)		—		—		—		(62.6)
Net borrowings under the 2019 Term Loan Facility	200.0		—		—		—		200.0

Repayments under the 2016 Term Loan Facility	(18.0)		—		—		—		(18.0)
Payment of financing costs	(15.3)		—		—		—		(15.3)
Tax withholdings related to net share settlements of restricted stock units and awards	(1.6)		—		—		—		(1.6)
Other financing activities	(0.6)		(0.1)		(0.2)		—		(0.9)
Net cash provided by (used in) financing activities	94.8		(3.8)		(6.7)		—		84.3
Effect of exchange rate changes on cash, cash equivalents and restricted cash	—		3.7		(4.8)		—		(1.1)
Net (decrease) increase in cash, cash equivalents and restricted cash	(6.3)		(0.2)		23.6		—		17.0
Cash, cash equivalents and restricted cash at beginning of period	$	7.3	$	6.6	$	73.6	$	—	$	87.5
Cash, cash equivalents and restricted cash at end of period	$	1.0	$	6.4	$	97.2	$	—	$	104.5


Products Corporation and Subsidiaries Condensed Consolidating Statements of Cash Flows
Year Ended December 31, 2018
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash used in operating activities	$	(102.3)	$	(0.7)	$	(67.8)	$	—	$	(170.8)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash used in investing activities	(35.0)		(5.3)		(16.9)		—		(57.2)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net (decrease) increase in short-term borrowings and overdraft	(5.5)		7.0		(2.6)		—		(1.1)
Net borrowings under the Amended 2016 Revolving Credit Facility	178.0		—		—		—		178.0

Repayments under the 2016 Term Loan Facility	(18.0)		—		—		—		(18.0)
Net Borrowings under the 2018 Foreign Asset-Based Term Loan	—		—		88.9				88.9
Payments of financing costs	(5.4)		—		(4.3)		—		(9.7)
Tax withholdings related to net share settlements of restricted stock units and awards	(3.6)		—		—		—		(3.6)
Other financing activities	(1.2)		—		(0.2)		—		(1.4)
Net cash provided by financing activities	144.3		7.0		81.8		—		233.1
Effect of exchange rate changes on cash, cash equivalents and restricted cash	—		0.3		(5.3)		—		(5.0)
Net increase (decrease) in cash, cash equivalents and restricted cash	7.0		1.3		(8.2)		—		0.1
Cash, cash equivalents and restricted cash at beginning of period	$	0.3	$	5.3	$	81.8	$	—	87.4
Cash, cash equivalents and restricted cash at end of period	$	7.3	$	6.6	$	73.6	$	—	$	87.5

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Detail)	3 Months Ended	12 Months Ended
	Dec. 31, 2018 USD ($)	Dec. 31, 2019 USD ($) segment	Dec. 31, 2018 USD ($)
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Number of reporting segments \| segment		4
Public holding company expenses		$ 7,900,000	$ 6,300,000
Outstanding checks	$ 23,400,000	13,300,000	23,400,000
Property, Plant, and Equipment, net of accumulated depreciation	354,500,000	408,600,000	354,500,000
Amortization expense		162,900,000	177,200,000
Goodwill impairment charge		0
Goodwill	673,900,000	673,700,000	673,900,000
Impairment of intangible assets		0	0
Advertising expenses		446,800,000	507,000,000.0
Distribution costs		135,700,000	144,600,000
Research and development expenditures		40,300,000	42,400,000
Accumulated deferred losses, gross	3,900,000	6,300,000	3,900,000
Net deferred financing costs	4,000,000.0	$ 0	4,000,000.0
Discount rate		16.00%
Gain (Loss) on disposition of assets		$ 27,400,000
Foreign exchange contracts
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Notional amount of derivative	0	$ 0	0
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 of accumulated depreciation	110,600,000	$ 101,000,000.0	110,600,000
Amortization expense		$ 55,600,000	$ 50,700,000
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		33.00%	30.00%
Mass Portfolio
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Goodwill impairment charge	18,000,000.0
Goodwill	$ 54,300,000		$ 54,300,000

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

Dec. 31, 2019

Dec. 31, 2018

Dec. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Cash and cash equivalents

$ 104.3

$ 87.3

Restricted cash

0.2

Total cash, cash equivalents and restricted cash

^[1]

$ 104.5

$ 87.5

$ 87.4

[1]

These amounts include restricted cash of $0.2 million and $0.2 million as of December 31, 2019 and 2018, respectively, which represent cash on deposit in lieu of a mandatory prepayment under the 2018 Foreign Asset-Based Term Facility, and cash on deposit to support outstanding undrawn letters of credit, which were included within other assets in the Company's consolidated balance sheets.

RESTRUCTURING CHARGES - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended		14 Months Ended	37 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2019
Restructuring Cost and Reserve [Line Items]
Payments for restructuring	$ 24.4	$ 27.0
2018 Optimization Restructuring Program
Restructuring Cost and Reserve [Line Items]
Percent of restructuring charges expected to be paid in cash	88.00%		88.00%	88.00%
Payments for restructuring	$ 14.1	0.8	$ 25.9
Restructuring costs recognized to date	39.5	5.7	39.5	$ 39.5
2018 Optimization Restructuring Program \| Employee-related costs
Restructuring Cost and Reserve [Line Items]
Payments for restructuring	13.8	0.8
Restructuring costs recognized to date	20.3	4.5	20.3	20.3
2018 Optimization Restructuring Program \| Other restructuring costs
Restructuring Cost and Reserve [Line Items]
Restructuring costs recognized to date	0.3	0.0	0.3	0.3
EA Integration Restructuring Program
Restructuring Cost and Reserve [Line Items]
Payments for restructuring	8.0	21.4		71.9
Restructuring costs recognized to date	80.3	82.2	80.3	80.3
EA Integration Restructuring Program \| Employee-related costs
Restructuring Cost and Reserve [Line Items]
Payments for restructuring	7.7	21.1
Restructuring costs recognized to date	70.3	72.2	70.3	70.3
EA Integration Restructuring Program \| Lease termination costs
Restructuring Cost and Reserve [Line Items]
Restructuring costs recognized to date	5.1	$ 5.1	5.1	5.1
EA Integration Restructuring Program \| Other restructuring costs
Restructuring Cost and Reserve [Line Items]
Restructuring costs recognized to date	$ 4.9		$ 4.9	$ 4.9

RESTRUCTURING CHARGES - Restructuring and Related Charges Activity (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Restructuring Reserve [Roll Forward]
Charges incurred during period	$ 12.8	$ 20.2
2018 Optimization Restructuring Program
Restructuring Reserve [Roll Forward]
Charges incurred through beginning of period	5.7
Charges incurred during period	33.8	4.5
Charges incurred through end of period	39.5	5.7
2018 Optimization Restructuring Program \| Employee Severance and Other Personnel Benefits
Restructuring Reserve [Roll Forward]
Charges incurred through beginning of period	4.5
Charges incurred during period	15.8	4.5
Charges incurred through end of period	20.3	4.5
2018 Optimization Restructuring Program \| Total Restructuring Charges
Restructuring Reserve [Roll Forward]
Charges incurred through beginning of period	4.5
Charges incurred during period	16.1
Charges incurred through end of period	20.6	4.5
2018 Optimization Restructuring Program \| Inventory Adjustments
Restructuring Reserve [Roll Forward]
Charges incurred through beginning of period	0.0
Charges incurred during period	4.9
Charges incurred through end of period	4.9	0.0
2018 Optimization Restructuring Program \| Other Related Charges
Restructuring Reserve [Roll Forward]
Charges incurred during period	0.3	0.0
EA Integration Restructuring Program
Restructuring Reserve [Roll Forward]
Charges incurred through beginning of period	82.2
Charges incurred during period	(1.9)	9.5
Charges incurred through end of period	80.3	82.2
EA Integration Restructuring Program \| Employee Severance and Other Personnel Benefits
Restructuring Reserve [Roll Forward]
Charges incurred through beginning of period	72.2
Charges incurred during period	(1.9)	9.4
Charges incurred through end of period	70.3	72.2
EA Integration Restructuring Program \| Lease Termination and Other Costs
Restructuring Reserve [Roll Forward]
Charges incurred through beginning of period	5.1
Charges incurred during period	0.0
Charges incurred through end of period	5.1	5.1
EA Integration Restructuring Program \| Total Restructuring Charges
Restructuring Reserve [Roll Forward]
Charges incurred through beginning of period	77.3
Charges incurred during period	(1.9)
Charges incurred through end of period	75.4	77.3
EA Integration Restructuring Program \| Inventory Adjustments
Restructuring Reserve [Roll Forward]
Charges incurred through beginning of period	1.9
Charges incurred during period	0.0
Charges incurred through end of period	1.9	1.9
EA Integration Restructuring Program \| Other Related Charges
Restructuring Reserve [Roll Forward]
Charges incurred through beginning of period	3.0
Charges incurred during period	0.0	0.1
Charges incurred through end of period	$ 3.0	$ 3.0

RESTRUCTURING CHARGES - Restructuring and Related Charges by Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	$ 12.8	$ 20.2
2018 Optimization Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	33.8	4.5
Cumulative charges incurred	39.5	5.7
2018 Optimization Restructuring Program \| Total Restructuring Charges
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	16.1
Cumulative charges incurred	20.6	4.5
2018 Optimization Restructuring Program \| Employee Severance and Other Personnel Benefits
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	15.8	4.5
Cumulative charges incurred	20.3	4.5
2018 Optimization Restructuring Program \| Other Costs
Restructuring Cost and Reserve [Line Items]
Cumulative charges incurred	0.3	0.0
2018 Optimization Restructuring Program \| Inventory Adjustments
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	4.9
Cumulative charges incurred	4.9	0.0
2018 Optimization Restructuring Program \| Other Related Charges Within SGA
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	12.8
Cumulative charges incurred	14.0	1.2
2018 Optimization Restructuring Program \| Other Related Charges
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	0.3	0.0
EA Integration Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	(1.9)	9.5
Cumulative charges incurred	80.3	82.2
EA Integration Restructuring Program \| Total Restructuring Charges
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	(1.9)
Cumulative charges incurred	75.4	77.3
EA Integration Restructuring Program \| Employee Severance and Other Personnel Benefits
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	(1.9)	9.4
Cumulative charges incurred	70.3	72.2
EA Integration Restructuring Program \| Other Costs
Restructuring Cost and Reserve [Line Items]
Cumulative charges incurred	4.9
EA Integration Restructuring Program \| Inventory Adjustments
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	0.0
Cumulative charges incurred	1.9	1.9
EA Integration Restructuring Program \| Other Related Charges
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	0.0	0.1
Cumulative charges incurred	3.0	$ 3.0
Operating segments \| 2018 Optimization Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	16.1
Cumulative charges incurred	20.6
Operating segments \| EA Integration Restructuring Program \| Total Restructuring Charges
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	(1.9)
Cumulative charges incurred	75.4
Operating segments \| Revlon \| 2018 Optimization Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	6.9
Cumulative charges incurred	8.8
Operating segments \| Revlon \| EA Integration Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	(0.8)
Cumulative charges incurred	32.1
Operating segments \| Elizabeth Arden \| 2018 Optimization Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	3.4
Cumulative charges incurred	4.3
Operating segments \| Elizabeth Arden \| EA Integration Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	(0.2)
Cumulative charges incurred	13.1
Operating segments \| Portfolio \| 2018 Optimization Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	3.0
Cumulative charges incurred	4.0
Operating segments \| Portfolio \| EA Integration Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	(0.4)
Cumulative charges incurred	12.7
Operating segments \| Fragrance \| 2018 Optimization Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	2.8
Cumulative charges incurred	3.5
Operating segments \| Fragrance \| EA Integration Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	(0.5)
Cumulative charges incurred	$ 17.5

RESTRUCTURING CHARGES - Restructuring Reserve (Details) - USD ($) $ in Millions	12 Months Ended		14 Months Ended	37 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2019
Restructuring Reserve [Roll Forward]
Liability Balance at period start	$ 26.4	$ 33.9
Expense, Net	12.8	20.2
Foreign Currency Translation	(0.2)	(0.4)
Cash utilized, net	(24.4)	(27.0)
Non-cash utilized, net	(4.6)	(0.3)
Liability Balance at period end	10.0	26.4	$ 10.0	$ 10.0
2018 Optimization Restructuring Program
Restructuring Reserve [Roll Forward]
Liability Balance at period start	3.7	0.0
Expense, Net	33.8	4.5
Foreign Currency Translation	0.0	0.0
Cash utilized, net	(14.1)	(0.8)	(25.9)
Non-cash utilized, net	0.0	0.0
Liability Balance at period end	5.7	3.7	5.7	5.7
2018 Optimization Restructuring Program \| Employee severance and other personnel benefits
Restructuring Reserve [Roll Forward]
Liability Balance at period start	3.7	0.0
Expense, Net	15.8	4.5
Foreign Currency Translation	0.0	0.0
Cash utilized, net	(13.8)	(0.8)
Non-cash utilized, net	0.0	0.0
Liability Balance at period end	5.7	3.7	5.7	5.7
2018 Optimization Restructuring Program \| Other
Restructuring Reserve [Roll Forward]
Liability Balance at period start	0.0	0.0
Expense, Net	0.3	0.0
Foreign Currency Translation	0.0	0.0
Cash utilized, net	(0.3)	0.0
Non-cash utilized, net	0.0	0.0
Liability Balance at period end	0.0	0.0	0.0	0.0
2018 Optimization Restructuring Program \| Total Restructuring Charges
Restructuring Reserve [Roll Forward]
Expense, Net	16.1
EA Integration Restructuring Program
Restructuring Reserve [Roll Forward]
Liability Balance at period start	17.2	29.7
Expense, Net	(1.9)	9.5
Foreign Currency Translation	(0.2)	(0.3)
Cash utilized, net	(8.0)	(21.4)		(71.9)
Non-cash utilized, net	(3.5)	(0.3)
Liability Balance at period end	3.6	17.2	3.6	3.6
EA Integration Restructuring Program \| Employee severance and other personnel benefits
Restructuring Reserve [Roll Forward]
Liability Balance at period start	13.8	25.8
Expense, Net	(1.9)	9.4
Foreign Currency Translation	(0.2)	(0.3)
Cash utilized, net	(7.7)	(21.1)
Non-cash utilized, net	0.0	0.0
Liability Balance at period end	4.0	13.8	4.0	4.0
EA Integration Restructuring Program \| Other
Restructuring Reserve [Roll Forward]
Liability Balance at period start	3.4	3.9
Expense, Net	0.0	0.1
Foreign Currency Translation	0.0	0.0
Cash utilized, net	(0.3)	(0.3)
Non-cash utilized, net	(3.5)	(0.3)
Liability Balance at period end	0.4	3.4	0.4	0.4
EA Integration Restructuring Program \| Total Restructuring Charges
Restructuring Reserve [Roll Forward]
Expense, Net	(1.9)
Other immaterial actions
Restructuring Reserve [Roll Forward]
Liability Balance at period start	5.5
Expense, Net	(1.4)
Foreign Currency Translation	0.0
Cash utilized, net	(2.3)
Non-cash utilized, net	(1.1)
Liability Balance at period end	0.7	5.5	0.7	0.7
Other immaterial actions \| Employee severance and other personnel benefits
Restructuring Reserve [Roll Forward]
Liability Balance at period start	4.6	2.5
Expense, Net	(1.4)	5.1
Foreign Currency Translation	0.0	0.0
Cash utilized, net	(1.8)	(3.0)
Non-cash utilized, net	(1.1)	0.0
Liability Balance at period end	0.3	4.6	0.3	0.3
Other immaterial actions \| Other
Restructuring Reserve [Roll Forward]
Liability Balance at period start	0.9	1.7
Expense, Net	0.0	1.1
Foreign Currency Translation	0.0	(0.1)
Cash utilized, net	(0.5)	(1.8)
Non-cash utilized, net	0.0	0.0
Liability Balance at period end	0.4	0.9	$ 0.4	$ 0.4
Other immaterial actions \| Total other immaterial actions
Restructuring Reserve [Roll Forward]
Liability Balance at period start	$ 5.5	4.2
Expense, Net		6.2
Foreign Currency Translation		(0.1)
Cash utilized, net		(4.8)
Non-cash utilized, net		0.0
Liability Balance at period end		$ 5.5

DISCONTINUED OPERATIONS (Details) $ in Millions	12 Months Ended
DISCONTINUED OPERATIONS (Details) $ in Millions	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2014 job_position
Income Statement Disclosures [Abstract]
Income (loss) from discontinued operations, net of taxes	$ 7.5	$ (0.1)
Discontinued Operations \| Operations in China
Income Statement Disclosures [Abstract]
Net sales	0.0	0.0
Income (loss) from discontinued operations, before taxes	7.5	(0.1)
Provision for income taxes	0.0	0.0
Income (loss) from discontinued operations, net of taxes	7.5	(0.1)
Balance Sheet Disclosures [Abstract]
Cash and cash equivalents	1.0	1.1
Trade receivables, net	0.0	0.2
Total current assets	1.0	1.3
Total assets	1.0	1.3
Accounts payable	0.0	0.5
Accrued expenses and other	1.2	3.3
Total current liabilities	1.2	3.8
Total liabilities	$ 1.2	$ 3.8
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

INVENTORIES (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Finished goods	$ 326.5	$ 374.1
Raw materials and supplies	110.4	143.5
Work-in-process	11.5	5.6
Inventories	$ 448.4	$ 523.2

PREPAID EXPENSES AND OTHER (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Condensed Balance Sheet Statements, Captions [Line Items]
Prepaid expenses	$ 68.9	$ 71.5
Taxes	40.4	46.9
Other	26.0	33.6
Prepaid expenses and other	135.3	152.0
Revlon Consumer Products Corporation
Condensed Balance Sheet Statements, Captions [Line Items]
Taxes	36.5	42.9
Prepaid expenses and other	$ 131.4	$ 148.0

PROPERTY, PLANT AND EQUIPMENT - Property, Plant and Equipment (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 896.7	$ 779.7
Accumulated depreciation and amortization	(488.1)	(425.2)
Property, plant and equipment, net	408.6	354.5
Land and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	11.0	11.2
Building and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	113.0	103.2
Machinery, equipment and capital leases
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	296.0	286.7
Finance leases
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross		5.5
Office furniture, fixtures and capitalized software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	241.5	220.0
Counters and trade fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	52.9	56.0
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	50.1	51.5
Construction-in-progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	14.0	51.1
Leases
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 118.2	$ 0.0

PROPERTY, PLANT AND EQUIPMENT - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Jan. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Depreciation and amortization expense	$ 63.4	$ 66.8
Operating lease liability	106.8
Finance lease liability	$ 1.0
Rent expense for facilities and equipment		$ 46.5	$ 41.6
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease, right of use asset				$ 109.3
Finance lease, right of use asset				1.5
Operating lease liability				123.4
Finance lease liability				1.4
Decrease in accrued rent				11.3
Decrease in accrued rent, recorded as noncurrent				10.7
Accrued rent, recorded in accrued expenses and other current liabilities				(0.6)
Lease termination liability				(3.5)
Prepaid rent				$ (0.7)

PROPERTY, PLANT AND EQUIPMENT - Lease Disclosure (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019 USD ($)
Finance Lease Cost:
Amortization of ROU assets	$ 0.3
Interest on lease liabilities	0.2
Operating Lease Cost	41.7
Total Lease Cost	42.2
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	0.2
Operating cash flows from operating leases	39.4
Financing cash flows from finance leases	0.8
ROU assets for finance leases	1.0
ROU assets for operating leases	91.4
Amortization on ROU assets for finance leases	0.3
Amortization on ROU assets for operating leases	$ 23.2
Weighted-average remaining lease term - finance leases	2 years 9 months 18 days
Weighted-average remaining lease term - operating leases	6 years 2 months 12 days
Weighted-average discount rate - finance leases	15.60%
Weighted-average discount rate - operating leases	15.80%

PROPERTY, PLANT AND EQUIPMENT - Maturities of Lease Liabilities (Details) $ in Millions	Dec. 31, 2019 USD ($)
Operating Leases
2020	$ 34.0
2021	30.5
2022	24.0
2023	19.7
2024	14.3
Thereafter	46.8
Total undiscounted cash flows	169.3
Short-term lease liability	14.0
Long-term lease liability	92.8
Total lease liability	106.8
Difference between undiscounted cash flows and discounted cash flows	62.5
Finance Leases
2020	0.7
2021	0.5
2022	0.3
2023	0.0
2024	0.0
Thereafter	0.0
Total undiscounted cash flows	1.5
Short-term lease liability	0.5
Long-term lease liability	0.5
Total lease liability	1.0
Difference between undiscounted cash flows and discounted cash flows	$ 0.5

PROPERTY, PLANT AND EQUIPMENT - Minimum Rental Commitments (Details) $ in Millions	Dec. 31, 2018 USD ($)
Capital Leases
2019	$ 1.1
2020	0.6
2021	0.3
2022	0.2
2023	0.2
Thereafter	0.2
Total	2.6
Operating Leases
2019	42.5
2020	33.8
2021	29.8
2022	22.6
2023	18.5
Thereafter	57.5
Total	$ 204.7

GOODWILL AND INTANGIBLE ASSETS, NET - Changes in Goodwill by Segment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Goodwill [Roll Forward]
Beginning Balance	$ 673,900,000
Goodwill impariment charge	0
Ending Balance	673,700,000	$ 673,900,000
Operating segments \| Revlon
Goodwill [Roll Forward]
Beginning Balance	265,000,000.0	265,300,000
Foreign currency translation adjustment	(100,000)	(300,000)
Goodwill impariment charge		0
Ending Balance	264,900,000	265,000,000.0
Cumulative goodwill impairment charges
Operating segments \| Portfolio
Goodwill [Roll Forward]
Beginning Balance	171,200,000	189,500,000
Foreign currency translation adjustment	(100,000)	(300,000)
Goodwill impariment charge		(18,000,000.0)
Ending Balance	171,100,000	171,200,000
Cumulative goodwill impairment charges
Operating segments \| Elizabeth Arden
Goodwill [Roll Forward]
Beginning Balance	116,900,000	116,900,000
Foreign currency translation adjustment	0	0
Goodwill impariment charge		0
Ending Balance	116,900,000	116,900,000
Cumulative goodwill impairment charges
Operating segments \| Fragrance
Goodwill [Roll Forward]
Beginning Balance	120,800,000	120,800,000
Foreign currency translation adjustment	0	0
Goodwill impariment charge		0
Ending Balance	120,800,000	120,800,000
Cumulative goodwill impairment charges
Operating segments \| Revlon, Portfolio, Elizabeth Arden and Fragrances Segments
Goodwill [Roll Forward]
Beginning Balance	673,900,000	692,500,000
Foreign currency translation adjustment	(200,000)	(600,000)
Goodwill impariment charge		(18,000,000.0)
Ending Balance	673,700,000	$ 673,900,000
Cumulative goodwill impairment charges	$ (55,200,000)

GOODWILL AND INTANGIBLE ASSETS, NET - Narrative (Details)	3 Months Ended	12 Months Ended
	Dec. 31, 2018 USD ($)	Dec. 31, 2019 USD ($) reporting_unit	Dec. 31, 2018 USD ($)
Goodwill [Line Items]
Goodwill	$ 673,900,000	$ 673,700,000	$ 673,900,000
Number of reporting units \| reporting_unit		6
Amortization expense		$ 40,300,000	57,100,000
Impairment of intangible assets		0	0
Goodwill impairment charge		$ 0
Mass Portfolio
Goodwill [Line Items]
Goodwill	54,300,000		$ 54,300,000
Goodwill impairment charge	$ 18,000,000.0

GOODWILL AND INTANGIBLE ASSETS, NET - Summary of Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross carrying amount	$ 573.3	$ 574.1
Finite-lived intangible assets, accumulated amortization	(226.4)	(187.3)
Finite-lived intangible assets, net carrying amount	346.9	386.8
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, carrying amount	143.8	145.2
Intangible assets, net carrying amount	490.7	532.0
Intangible assets, gross carrying amount	717.1	719.3
Trade names
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, carrying amount	143.8	145.2
Trademarks and licenses
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross carrying amount	271.2	272.3
Finite-lived intangible assets, accumulated amortization	(110.9)	(94.3)
Finite-lived intangible assets, net carrying amount	$ 160.3	$ 178.0
Weighted average useful life	13 years	13 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross carrying amount	$ 248.3	$ 248.6
Finite-lived intangible assets, accumulated amortization	(96.5)	(77.9)
Finite-lived intangible assets, net carrying amount	$ 151.8	$ 170.7
Weighted average useful life	11 years	12 years
Patents and internally-developed intellectual property
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross carrying amount	$ 21.5	$ 20.9
Finite-lived intangible assets, accumulated amortization	(12.1)	(10.1)
Finite-lived intangible assets, net carrying amount	$ 9.4	$ 10.8
Weighted average useful life	5 years	6 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	(5.6)	(4.0)
Finite-lived intangible assets, net carrying amount	$ 25.4	$ 27.0
Weighted average useful life	15 years	16 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	(1.3)	(1.0)
Finite-lived intangible assets, net carrying amount	$ 0.0	$ 0.3
Weighted average useful life	0 years	1 year

GOODWILL AND INTANGIBLE ASSETS, NET - Estimated Future Amortization Expense (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
2020	$ 34.3
2021	33.2
2022	32.3
2023	30.8
2024	27.4
Thereafter	188.9
Finite-lived intangible assets, net carrying amount	$ 346.9	$ 386.8

ACCRUED EXPENSES AND OTHER - Components of Accrued Expenses and Other (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Schedule of Accrued Liabilities [Line Items]
Sales returns and allowances	$ 89.7	$ 97.7
Advertising, marketing and promotional costs	82.8	84.2
Taxes	54.3	38.9
Compensation and related benefits	42.1	56.2
Interest	34.0	33.8
Professional services and insurance	16.3	9.5
Short-term lease liability	14.5	1.1
Freight and distribution costs	13.2	6.8
Restructuring reserve	10.0	26.4
Software	4.0	1.2
Other	54.0	75.1
Total	414.9	430.9
Revlon Consumer Products Corporation
Schedule of Accrued Liabilities [Line Items]
Taxes	57.6	42.6
Other		75.2
Total	$ 418.2	$ 434.7

DEBT - Components of Long-term Debt (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Aug. 31, 2019	Dec. 31, 2018	Sep. 07, 2016
Debt Instrument [Line Items]
Long-term debt			$ 3,194.2		$ 3,075.8
Less current portion			(288.0)		(348.1)
Long-term debt			2,906.2		2,727.7
Short-term borrowings			$ 2.2		$ 9.3
Weighted-average interest rate (as a percent)			8.30%		6.20%
2019 Term Loan Facility
Debt Instrument [Line Items]
Long-term debt			$ 187.1		$ 0.0
2018 Foreign Asset-Based Term Loan Credit Agreement due 2021
Debt Instrument [Line Items]
Long-term debt			82.3		82.7
Amended 2016 Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt			269.9		330.0
Less current portion			(269.9)		(330.0)
Amended 2016 Revolving Credit Facility \| Scenario, Forecast
Debt Instrument [Line Items]
Repayment of debt		$ 18.0
2016 Term Loan due 2023
Debt Instrument [Line Items]
Long-term debt			1,713.6		1,724.6
Repayment of debt	$ 18.0		18.0
5.75% Senior Notes due 2021
Debt Instrument [Line Items]
Long-term debt			$ 498.1		496.6
Stated interest rate (as a percent)			5.75%	5.75%
6.25% Senior Notes due 2024
Debt Instrument [Line Items]
Long-term debt			$ 442.8		441.4
Stated interest rate (as a percent)			6.25%			6.25%
Spanish Government Loan due 2025
Debt Instrument [Line Items]
Long-term debt			$ 0.4		$ 0.5

DEBT - Narrative (Details)				1 Months Ended	3 Months Ended	12 Months Ended
DEBT - Narrative (Details)	Nov. 07, 2019 USD ($)	Mar. 06, 2019 USD ($) day	Mar. 05, 2019 USD ($) day	Aug. 31, 2019 USD ($)	Mar. 31, 2019 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2019 USD ($) shares	Dec. 31, 2019 USD ($)	Dec. 31, 2019 USD ($) reporting_unit	Dec. 31, 2019 USD ($) day	Dec. 31, 2019 EUR (€)	Jun. 30, 2019 USD ($)	Mar. 07, 2019 USD ($)	Dec. 31, 2018 USD ($)	Apr. 30, 2018 USD ($)	Dec. 31, 2016 USD ($)	Sep. 07, 2016	Aug. 04, 2016 USD ($)	Dec. 31, 2013 USD ($)	Feb. 08, 2013
Debt Instrument [Line Items]
Covenant, ordinary course investments, maximum				$ 10,000,000
Outstanding borrowings						$ 3,194,200,000	$ 3,194,200,000	$ 3,194,200,000	$ 3,194,200,000	$ 3,194,200,000	$ 3,194,200,000				$ 3,075,800,000
Net deferred financing costs						0	0	0	0	0	0				4,000,000.0
Aggregate principal amount outstanding						3,250,600,000	3,250,600,000	$ 3,250,600,000	3,250,600,000	3,250,600,000	3,250,600,000
Repayment of principal amount of borrowings outstanding of acquiree							142,000,000
Elizabeth Arden
Debt Instrument [Line Items]
Repurchase of preferred stock							55,000,000
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
2019 Term Loan Facility
Debt Instrument [Line Items]
Aggregate principal amount						200,000,000	200,000,000	$ 200,000,000	200,000,000	200,000,000	200,000,000
Borrowings under facility				188,000,000
Fees and expenses				$ 12,000,000
Guarantor subsidiary, voting equity interests (in excess of)				66.00%
Variable rate floor				0.00%
Basis spread on variable interest rate				9.50%
Covenant, maximum incurrence of secured debt				$ 50,000,000
Covenant, investments, maximum				$ 50,000,000
Available amount basket				50.00%
Covenant, maximum secured and structurally senior debt				$ 2,500,000,000
Covenant, maximum net debt to EBITDA ratio				5.0
Covenant, minimum EBITDA				$ 250,000,000
Mandatory prepayments, excess cash flows				50.00%
Mandatory prepayments, excess cash flows step-down				25.00%
Mandatory prepayments, asset sales, aggregate reinvestment cap				$ 50,000,000
Exit fee				5.00%
Fees and expenses capitalized						14,000,000	14,000,000	14,000,000	14,000,000	14,000,000	14,000,000
Outstanding borrowings						$ 187,100,000	$ 187,100,000	$ 187,100,000	$ 187,100,000	$ 187,100,000	$ 187,100,000				0
2019 Term Loan Facility \| Minimum
Debt Instrument [Line Items]
Mandatory prepayments, excess cash flow upon achievement				0.00%
2019 Term Loan Facility \| 2020
Debt Instrument [Line Items]
Prepayment fee, percentage				10.00%
2019 Term Loan Facility \| 2021
Debt Instrument [Line Items]
Prepayment fee, percentage				10.00%
2019 Term Loan Facility \| 2022
Debt Instrument [Line Items]
Prepayment fee, percentage				7.50%
2019 Term Loan Facility \| Thereafter
Debt Instrument [Line Items]
Prepayment fee, percentage				5.00%
5.75% Senior Notes due 2021
Debt Instrument [Line Items]
Stated interest rate (as a percent)				5.75%		5.75%	5.75%	5.75%	5.75%	5.75%	5.75%	5.75%
Outstanding borrowings						$ 498,100,000	$ 498,100,000	$ 498,100,000	$ 498,100,000	$ 498,100,000	$ 498,100,000				496,600,000
5.75% Senior Notes due 2021 \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Aggregate principal amount																				$ 500,000,000
Stated interest rate (as a percent)						5.75%	5.75%	5.75%	5.75%	5.75%	5.75%	5.75%
Aggregate principal amount outstanding						$ 500,000,000.0	$ 500,000,000.0	$ 500,000,000.0	$ 500,000,000.0	$ 500,000,000.0	$ 500,000,000.0
2019 Senior Line of Credit Agreement
Debt Instrument [Line Items]
Aggregate principal amount				$ 200,000,000
2019 Senior Line of Credit Agreement \| Line of Credit
Debt Instrument [Line Items]
Stated interest rate (as a percent)						8.00%	8.00%	8.00%	8.00%	8.00%	8.00%	8.00%
Maximum borrowing capacity													$ 30,000,000
Outstanding borrowings						$ 0	$ 0	$ 0	$ 0	$ 0	$ 0
Repayments under facility	$ 0						$ 0
6.25% Senior Notes due 2024
Debt Instrument [Line Items]
Stated interest rate (as a percent)						6.25%	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%						6.25%
Outstanding borrowings						$ 442,800,000	$ 442,800,000	$ 442,800,000	$ 442,800,000	$ 442,800,000	$ 442,800,000				441,400,000
6.25% Senior Notes due 2024 \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Aggregate principal amount						$ 450,000,000	$ 450,000,000	$ 450,000,000	$ 450,000,000	$ 450,000,000	$ 450,000,000						$ 450,000,000		$ 450,000,000
Stated interest rate (as a percent)				6.25%		6.25%	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%									6.25%
Aggregate principal amount outstanding						$ 450,000,000.0	$ 450,000,000.0	$ 450,000,000.0	$ 450,000,000.0	$ 450,000,000.0	$ 450,000,000.0
Elizabeth Arden revolving credit facility \| Elizabeth Arden
Debt Instrument [Line Items]
Maximum borrowing capacity						300,000,000	300,000,000	300,000,000	300,000,000	300,000,000	300,000,000
Acquisition Term Loan \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Repayments under facility							658,600,000
Elizabeth Arden senior notes \| Elizabeth Arden
Debt Instrument [Line Items]
Acquisition, consideration transferred, repayment of debt of acquiree							350,000,000
2011 Term Loan \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Repayments under facility							651,400,000
Tranche A \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity						400,000,000.0	400,000,000.0	400,000,000.0	400,000,000.0	400,000,000.0	400,000,000.0
Outstanding borrowings																$ 230,900,000
Remaining borrowing capacity						157,700,000	157,700,000	157,700,000	157,700,000	157,700,000	157,700,000
Borrowing base						400,000,000.0	400,000,000.0	400,000,000.0	400,000,000.0	400,000,000.0	400,000,000.0
Amount by which available liquidity does not exceed principal amount of other debt																200,000,000
Amount outstanding						230,900,000	230,900,000	230,900,000	230,900,000	230,900,000	230,900,000
Tranche A \| Sublimit, letters of credit
Debt Instrument [Line Items]
Outstanding borrowings																11,400,000
Tranche A \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Proceeds from lines of credit							35,000,000
Tranche A \| Revlon Consumer Products Corporation \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity																400,000,000
Amount by which available liquidity does not exceed principal amount of other debt						200,000,000	200,000,000	200,000,000	200,000,000	200,000,000	200,000,000
Borrowing base calculation, qualified restricted cash cap						$ 75,000,000	$ 75,000,000	$ 75,000,000	$ 75,000,000	$ 75,000,000	$ 75,000,000
Borrowing base calculation, percentage of eligible accounts receivable						85.00%	85.00%	85.00%	85.00%	85.00%	85.00%	85.00%
Borrowing base calculation, percentage of eligible inventory						85.00%	85.00%	85.00%	85.00%	85.00%	85.00%	85.00%
Tranche B \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 41,500,000				$ 41,500,000	$ 41,500,000	$ 41,500,000	$ 41,500,000	$ 41,500,000	$ 41,500,000
Outstanding borrowings																41,500,000
Potential increase of maximum borrowing capacity		5.00%
Covenant terms, liquidity		$ 50,000,000	$ 35,000,000
Covenant terms, percentage of maximum		15.00%	10.00%
Remaining borrowing capacity		$ 37,300,000				0	0	0	0	0	0
Borrowing base		$ 41,300,000				41,500,000	41,500,000	41,500,000	41,500,000	41,500,000	41,500,000
Covenant terms, consolidated fixed charge coverage ratio		100.00%
Covenant terms, liquidity threshold, consecutive business days \| day		20	20
Amount outstanding						$ 41,500,000	$ 41,500,000	$ 41,500,000	$ 41,500,000	$ 41,500,000	$ 41,500,000
Tranche B \| Revlon Consumer Products Corporation \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity																41,500,000
Remaining borrowing capacity														$ 37,300,000
Borrowing base														$ 41,300,000
Covenant terms, consolidated fixed charge coverage ratio									100.00%
Borrowing base calculation, qualified restricted cash cap																$ 15,000,000
Borrowing base calculation, percentage of eligible accounts receivable						10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%
Borrowing base calculation, percentage of eligible inventory						10.00%	10.00%	10.00%	10.00%	10.00%	10.00%	10.00%
2016 Term Loan
Debt Instrument [Line Items]
Outstanding borrowings						$ 1,713,600,000	$ 1,713,600,000	$ 1,713,600,000	$ 1,713,600,000	$ 1,713,600,000	$ 1,713,600,000				1,724,600,000
Repayments under facility					$ 18,000,000.0		18,000,000.0
Aggregate principal amount outstanding						1,741,500,000	1,741,500,000	1,741,500,000	1,741,500,000	1,741,500,000	1,741,500,000
2016 Term Loan \| Revolving Credit Facility
Debt Instrument [Line Items]
Amount outstanding						1,678,500,000	1,678,500,000	1,678,500,000	1,678,500,000	1,678,500,000	1,678,500,000
2016 Term Loan \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Aggregate principal amount						1,800,000,000	1,800,000,000	1,800,000,000	1,800,000,000	1,800,000,000	1,800,000,000
Maximum borrowing capacity						$ 1,800,000,000	$ 1,800,000,000	$ 1,800,000,000	$ 1,800,000,000	$ 1,800,000,000	$ 1,800,000,000
Aggregate principal amount outstanding \| €												€ 77,000,000
Debt term						7 years
Amended And Restated Senior Subordinated Term Loan Due 2014 \| Revlon Consumer Products Corporation \| Secured Debt
Debt Instrument [Line Items]
Maximum borrowing capacity \| €												77
Additional borrowing capacity \| €												€ 43
Borrowing base calculation, percentage of eligible accounts receivable						85.00%	85.00%	85.00%	85.00%	85.00%	85.00%	85.00%
Borrowing base calculation, percentage of eligible inventory						90.00%	90.00%	90.00%	90.00%	90.00%	90.00%	90.00%
Percentage of cash deposits that may not exceed borrowing base									10.00%
Debt issuance costs - capitalized and expensed							$ 5,700,000
Aggregate principal amount outstanding						$ 86,300,000	86,300,000	$ 86,300,000	$ 86,300,000	$ 86,300,000	$ 86,300,000
Amended And Restated Senior Subordinated Term Loan Due 2014 \| Revlon Consumer Products Corporation \| Secured Debt \| EURIBOR
Debt Instrument [Line Items]
Variable rate floor									0.50%
Basis spread on variable interest rate									6.50%
Elizabeth Arden second lien credit facility \| Elizabeth Arden
Debt Instrument [Line Items]
Acquisition, consideration transferred, repayment of debt of acquiree							25,000,000
Amended 2016 Revolving Credit Facility
Debt Instrument [Line Items]
Outstanding borrowings						269,900,000	269,900,000	269,900,000	$ 269,900,000	269,900,000	269,900,000				$ 330,000,000.0
Amended 2016 Revolving Credit Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity						441,500,000	441,500,000	441,500,000	441,500,000	441,500,000	441,500,000
Remaining borrowing capacity						157,700,000	157,700,000	157,700,000	157,700,000	157,700,000	157,700,000
Borrowing base						441,500,000	441,500,000	441,500,000	441,500,000	441,500,000	441,500,000
Amount outstanding						272,400,000	272,400,000	272,400,000	272,400,000	272,400,000	272,400,000
Amended 2016 Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Maximum borrowing capacity						$ 400,000,000	400,000,000	400,000,000	400,000,000	400,000,000	400,000,000
Debt term						5 years
Amended 2016 Revolving Credit Facility \| Revlon Consumer Products Corporation \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity						$ 441,500,000	441,500,000	441,500,000	441,500,000	441,500,000	441,500,000
Covenant terms, liquidity		$ 50,000,000	$ 35,000,000
Covenant terms, percentage of maximum		15.00%	10.00%
Remaining borrowing capacity						157,700,000	157,700,000	157,700,000	$ 157,700,000	$ 157,700,000	$ 157,700,000
Covenant terms, consolidated fixed charge coverage ratio									100.00%
Covenant terms, liquidity threshold, consecutive business days										20	20
Amended 2016 Revolving Credit Facility \| Revlon Consumer Products Corporation \| Sublimit, letters of credit
Debt Instrument [Line Items]
Maximum borrowing capacity						$ 100,000,000	$ 100,000,000	$ 100,000,000	$ 100,000,000	$ 100,000,000	$ 100,000,000

DELETE - 2018 Foreign Asset-Based Term Loan Credit Agreement (Details) $ in Millions	Dec. 31, 2019 USD ($)
Line of Credit Facility [Line Items]
Aggregate principal amount outstanding	$ 3,250.6

DELETE - 2018 Senior Line of Credit Facility (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Aug. 31, 2019	Dec. 31, 2016	Sep. 07, 2016	Aug. 04, 2016	Dec. 31, 2013	Feb. 08, 2013
Line of Credit Facility [Line Items]
Repayments under the 2016 Term Loan Facility	$ 18,000,000.0	$ 18,000,000.0
5.75% Senior Notes
Line of Credit Facility [Line Items]
Stated interest rate (as a percent)	5.75%		5.75%
6.25% Senior Notes
Line of Credit Facility [Line Items]
Stated interest rate (as a percent)	6.25%				6.25%
Revlon Consumer Products Corporation
Line of Credit Facility [Line Items]
Repayments under the 2016 Term Loan Facility	$ 18,000,000.0	$ 18,000,000.0
Revlon Consumer Products Corporation \| 5.75% Senior Notes
Line of Credit Facility [Line Items]
Stated interest rate (as a percent)	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 (as a percent)	6.25%		6.25%					6.25%
Aggregate principal amount	$ 450,000,000			$ 450,000,000		$ 450,000,000

DEBT - 2016 Term Loan Facility (Details) € in Millions	12 Months Ended
DEBT - 2016 Term Loan Facility (Details) € in Millions	Dec. 31, 2019 USD ($)	Dec. 31, 2019 EUR (€)	Aug. 31, 2019	Apr. 30, 2018 USD ($)	Dec. 31, 2013 USD ($)
Debt Instrument [Line Items]
Aggregate principal amount outstanding	$ 3,250,600,000
2016 Term Loan due 2023
Debt Instrument [Line Items]
Aggregate principal amount outstanding	1,741,500,000
2016 Term Loan due 2023 \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Aggregate principal amount	$ 1,800,000,000
Original issue discount percentage	0.50%
Maximum borrowing capacity, base for calculation of potential increase	$ 450,000,000
Maximum borrowing capacity, addition for calculation of potential increase, percentage of pro forma consolidated EBITDA	90.00%
First lien leverage ratio	3.5
Secured leverage ratio	4.25
Maximum borrowing capacity, additional potential increase if other debt repaid and terminated	$ 400,000,000
Aggregate principal amount outstanding \| €		€ 77
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%
Tranche A \| Revolving Credit Facility
Debt Instrument [Line Items]
Amount by which available liquidity does not exceed principal amount of other debt				$ 200,000,000
Tranche A \| Revlon Consumer Products Corporation \| Revolving Credit Facility
Debt Instrument [Line Items]
Amount by which available liquidity does not exceed principal amount of other debt	$ 200,000,000
5.75% Senior Notes due 2021
Debt Instrument [Line Items]
Stated interest rate (as a percent)	5.75%	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 (as a percent)	5.75%	5.75%
Aggregate principal amount outstanding	$ 500,000,000.0

DEBT - 2016 Revolving Credit Facility (Details)			12 Months Ended
DEBT - 2016 Revolving Credit Facility (Details)	Mar. 06, 2019 USD ($) day	Mar. 05, 2019 USD ($) day	Dec. 31, 2019 USD ($)	Dec. 31, 2019 USD ($) reporting_unit	Dec. 31, 2019 USD ($) day	Aug. 31, 2019	Mar. 07, 2019 USD ($)	Apr. 30, 2018 USD ($)
Amended 2016 Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 400,000,000	$ 400,000,000	$ 400,000,000
Amended 2016 Revolving Credit Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			441,500,000	441,500,000	441,500,000
Remaining borrowing capacity			157,700,000	157,700,000	157,700,000
Borrowing base			441,500,000	441,500,000	441,500,000
Amended 2016 Revolving Credit Facility \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Maximum borrowing capacity			441,500,000	441,500,000	441,500,000
Maximum borrowing capacity, potential increase			$ 33,500,000	$ 33,500,000	$ 33,500,000
Equity of first tier foreign subsidiaries in excess of voting equity interests			65.00%	65.00%	65.00%
Borrowing base capped percentage			100.00%
Covenant terms, liquidity	$ 50,000,000	$ 35,000,000
Covenant terms, percentage of maximum	15.00%	10.00%
Covenant terms, consolidated fixed charge coverage ratio			100.00%
Covenant terms, liquidity threshold, consecutive business days				20	20
Remaining borrowing capacity			$ 157,700,000	$ 157,700,000	$ 157,700,000
Amended 2016 Revolving Credit Facility \| Sublimit, letters of credit \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Maximum borrowing capacity			100,000,000	100,000,000	100,000,000
Amended 2016 Revolving Credit Facility \| Swing Line Loans \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Maximum borrowing capacity			70,000,000	70,000,000	70,000,000
Tranche A \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			400,000,000.0	400,000,000.0	400,000,000.0
Amount by which available liquidity does not exceed principal amount of other debt								$ 200,000,000
Remaining borrowing capacity			157,700,000	157,700,000	157,700,000
Borrowing base			$ 400,000,000.0	$ 400,000,000.0	$ 400,000,000.0
Tranche A \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Maximum borrowing capacity								400,000,000
Borrowing base calculation, percentage of eligible accounts receivable			85.00%	85.00%	85.00%
Borrowing base calculation, percentage of eligible inventory			85.00%	85.00%	85.00%
Borrowing base calculation, percentage of net orderly liquidation value of eligible equipment and real property			75.00%	75.00%	75.00%
Borrowing base calculation, percentage of mortgage value of eligible equipment and real property			75.00%	75.00%	75.00%
Borrowing base calculation, eligible real property			$ 40,000,000	$ 40,000,000	$ 40,000,000
Borrowing base calculation, qualified restricted cash cap			75,000,000	75,000,000	75,000,000
Amount by which available liquidity does not exceed principal amount of other debt			$ 200,000,000	200,000,000	200,000,000
Unused capacity commitment fee percentage			0.25%
Tranche B \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 41,500,000		$ 41,500,000	41,500,000	41,500,000
Covenant terms, liquidity	$ 50,000,000	$ 35,000,000
Covenant terms, percentage of maximum	15.00%	10.00%
Covenant terms, consolidated fixed charge coverage ratio	100.00%
Covenant terms, liquidity threshold, consecutive business days \| day	20	20
Remaining borrowing capacity	$ 37,300,000		0	0	0
Borrowing base	$ 41,300,000		$ 41,500,000	$ 41,500,000	$ 41,500,000
Tranche B \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Maximum borrowing capacity								41,500,000
Borrowing base calculation, percentage of eligible accounts receivable			10.00%	10.00%	10.00%
Borrowing base calculation, percentage of eligible inventory			10.00%	10.00%	10.00%
Borrowing base calculation, qualified restricted cash cap								$ 15,000,000
Unused capacity commitment fee percentage			0.50%
Covenant terms, consolidated fixed charge coverage ratio			100.00%
Remaining borrowing capacity							$ 37,300,000
Borrowing base							$ 41,300,000
5.75% Senior Notes due 2021
Debt Instrument [Line Items]
Stated interest rate (as a percent)			5.75%	5.75%	5.75%	5.75%
5.75% Senior Notes due 2021 \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Stated interest rate (as a percent)			5.75%	5.75%	5.75%
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 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 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 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 Three \| Tranche A \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate			0.75%
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%
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 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 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 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 Three \| Tranche A \| Revolving Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Basis spread on variable interest rate			1.75%
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%

DEBT - 5.75% Senior Notes (Details) - USD ($)		1 Months Ended	12 Months Ended
DEBT - 5.75% Senior Notes (Details) - USD ($)	Feb. 08, 2013	Dec. 31, 2013	Dec. 31, 2019	Aug. 31, 2019	Dec. 31, 2016	Sep. 07, 2016	Aug. 04, 2016
Debt Instrument [Line Items]
Aggregate principal amount outstanding			$ 3,250,600,000
5.75% Senior Notes due 2021
Debt Instrument [Line Items]
Stated interest rate (as a percent)			5.75%	5.75%
6.25% Senior Notes due 2024
Debt Instrument [Line Items]
Stated interest rate (as a percent)			6.25%			6.25%
Revlon Consumer Products Corporation \| 5.75% Senior Notes due 2021
Debt Instrument [Line Items]
Stated interest rate (as a percent)			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			$ 500,000,000.0
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 (as a percent)	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%
Aggregate principal amount outstanding			$ 450,000,000.0
Revlon Consumer Products Corporation \| 9.75% Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as a percent)		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

DEBT - 6.25% Senior Notes (Details) - USD ($)	12 Months Ended
DEBT - 6.25% Senior Notes (Details) - USD ($)	Dec. 31, 2019	Aug. 31, 2019	Dec. 31, 2016	Sep. 07, 2016	Aug. 04, 2016	Feb. 08, 2013
Debt Instrument [Line Items]
Aggregate principal amount outstanding	$ 3,250,600,000
6.25% Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as a percent)	6.25%			6.25%
Revlon Consumer Products Corporation \| 6.25% Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as a percent)	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%
Aggregate principal amount outstanding	$ 450,000,000.0

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

DEBT - Covenants (Details) - USD ($)	Mar. 06, 2019	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Cash and cash equivalents		$ 104,300,000	$ 87,300,000
Foreign Subsidiaries
Debt Instrument [Line Items]
Cash and cash equivalents		102,500,000
Amended 2019 Senior Line of Credit Facility
Debt Instrument [Line Items]
Commitment		30,000,000.0
Aggregate principal amount outstanding		0
Availability		30,000,000.0
Revolving Credit Facility \| Tranche A
Debt Instrument [Line Items]
Commitment		400,000,000.0
Borrowing Base		400,000,000.0
Aggregate principal amount outstanding		230,900,000
Availability		157,700,000
Revolving Credit Facility \| Tranche B
Debt Instrument [Line Items]
Commitment	$ 41,500,000	41,500,000
Borrowing Base	41,300,000	41,500,000
Aggregate principal amount outstanding		41,500,000
Availability	$ 37,300,000	0
Covenant terms, consolidated fixed charge coverage ratio	100.00%
Revolving Credit Facility \| Amended 2016 Revolving Credit Facility
Debt Instrument [Line Items]
Commitment		441,500,000
Borrowing Base		441,500,000
Aggregate principal amount outstanding		272,400,000
Availability		157,700,000
Sublimit, letters of credit
Debt Instrument [Line Items]
Standby and trade letters of credit for various corporate purposes		11,400,000	$ 10,100,000
Sublimit, letters of credit \| Tranche A
Debt Instrument [Line Items]
Standby and trade letters of credit for various corporate purposes		$ 11,400,000

DEBT - Long-Term Debt Maturities (Details) € in Millions	3 Months Ended	12 Months Ended
DEBT - Long-Term Debt Maturities (Details) € in Millions	Mar. 31, 2019 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2019 EUR (€)	Aug. 31, 2019	Dec. 31, 2018 USD ($)	Sep. 07, 2016	Feb. 08, 2013
Long-Term Debt Maturities
2020		$ 290,500,000
2021		604,400,000
2022		18,100,000
2023		1,887,600,000
2024		450,000,000.0
Thereafter		0
Total long-term debt		3,250,600,000
Discounts and deferred finance charges		(56,400,000)
Long-term debt		3,194,200,000			$ 3,075,800,000
Aggregate principal amount outstanding		3,250,600,000
Quarterly amortization payments		9,000,000.0
5.75% Senior Notes due 2021
Long-Term Debt Maturities
Long-term debt		$ 498,100,000			496,600,000
Stated interest rate (as a percent)		5.75%	5.75%	5.75%
2016 Term Loan
Long-Term Debt Maturities
Total long-term debt		$ 1,741,500,000
Long-term debt		1,713,600,000			1,724,600,000
Aggregate principal amount outstanding		1,741,500,000
Repayment of debt	$ 18,000,000.0	18,000,000.0
2016 Term Loan \| Revolving Credit Facility
Long-Term Debt Maturities
Amount outstanding		1,678,500,000
6.25% Senior Notes due 2024
Long-Term Debt Maturities
Long-term debt		$ 442,800,000			$ 441,400,000
Stated interest rate (as a percent)		6.25%	6.25%			6.25%
Revlon Consumer Products Corporation \| 5.75% Senior Notes due 2021
Long-Term Debt Maturities
Total long-term debt		$ 500,000,000.0
Stated interest rate (as a percent)		5.75%	5.75%
Aggregate principal amount outstanding		$ 500,000,000.0
Revlon Consumer Products Corporation \| 2016 Term Loan
Long-Term Debt Maturities
Total long-term debt \| €			€ 77
Aggregate principal amount outstanding \| €			€ 77
Revlon Consumer Products Corporation \| 6.25% Senior Notes due 2024
Long-Term Debt Maturities
Total long-term debt		$ 450,000,000.0
Stated interest rate (as a percent)		6.25%	6.25%	6.25%			6.25%
Aggregate principal amount outstanding		$ 450,000,000.0

FAIR VALUE MEASUREMENTS - Schedule of Fair Values of Financial Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Liabilities:
Long-term debt, including current portion	$ 2,522.2	$ 2,259.5
Long-term debt, including current portion, Carrying Value	3,194.2	3,075.8
Financial assets required to be measured at fair value	0.0	0.0
Financial liabilities required to be measured at fair value	0.0	0.0
Level 1
Liabilities:
Long-term debt, including current portion	0.0	0.0
Level 2
Liabilities:
Long-term debt, including current portion	2,522.2	2,259.5
Level 3
Liabilities:
Long-term debt, including current portion	$ 0.0	$ 0.0

FINANCIAL INSTRUMENTS - Narrative (Details)	1 Months Ended	12 Months Ended
FINANCIAL INSTRUMENTS - Narrative (Details)	Dec. 31, 2016 USD ($)	Dec. 31, 2019 USD ($) contract	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Sep. 07, 2016 USD ($)	Nov. 30, 2013 USD ($)
Fair Value Measurements Of Financial Instruments [Line Items]
Number of contracts entered into during year \| contract		0
Accumulated deferred losses, gross		$ 6,300,000	$ 3,900,000
Accumulated deferred losses		1,221,200,000	1,056,800,000	$ 770,400,000
Derivative financial instruments		$ 0	0
6.25% Senior Notes due 2024
Fair Value Measurements Of Financial Instruments [Line Items]
Stated interest rate (as a percent)		6.25%			6.25%
Foreign exchange contracts
Fair Value Measurements Of Financial Instruments [Line Items]
Term of contract		1 year
Notional amount of derivative		$ 0	0
Interest rate swap
Fair Value Measurements Of Financial Instruments [Line Items]
Term of contract	3 years
Notional amount of derivative	$ 400,000,000					$ 400,000,000
Floor interest rate (percent)	0.75%					1.00%
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 deferred losses			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		8,300,000	7,300,000
Sublimit, letters of credit
Fair Value Measurements Of Financial Instruments [Line Items]
Standby and trade letters of credit for various corporate purposes		$ 11,400,000	$ 10,100,000

FINANCIAL INSTRUMENTS - Effects of Derivative Financial Instruments, Other Comprehensive Income (Loss) and Net Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Interest rate swap \| Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain Recognized in Other Comprehensive Loss	$ 0.0	$ 0.7
Interest rate swap \| Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Net (Loss) Income	0.0	(1.2)
Interest rate swap \| Miscellaneous, net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Net (Loss) Income	0.0	0.2
Foreign exchange contracts \| Foreign currency gain, net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Net (Loss) Income	$ 0.0	$ 0.2

PENSION AND POST-RETIREMENT BENEFITS - Narrative (Details)		1 Months Ended		12 Months Ended
	Dec. 31, 2012 plan	Jan. 31, 2020 USD ($)	Jan. 31, 2019 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)
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				$ 7,200,000	$ 2,600,000
Expected recognition of net actuarial loss in next fiscal year				10,800,000
Expected recognition of prior service cost in next fiscal year				400,000
Estimated contributions in next fiscal year				18,000,000
Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit (income) costs				6,600,000	1,800,000
Employer contributions				11,400,000	8,000,000.0
Other Post-Retirement Benefit Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit (income) costs				600,000	800,000
Employer contributions				700,000	800,000
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				$ 5,500,000	5,300,000
Employer discretionary profit sharing contributions				7,200,000	6,800,000
Employer discretionary profit sharing contributions paid			$ 1,500,000	$ 5,600,000	$ 5,300,000
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		$ 1,600,000
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%
Pension Plan Liabilities Retained by Affiliates
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Receivables from affiliates				$ 2,300,000	$ 2,400,000
U.S. Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected long-term return on plan assets (as a percent)				6.00%	6.00%
International Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected long-term return on plan assets (as a percent)				4.86%	4.95%

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, 2019	Dec. 31, 2018
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation - beginning of year	$ (591.0)
Benefit obligation - end of year	(629.7)	$ (591.0)
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets - beginning of year	432.4
Fair value of plan assets - end of year	462.4	432.4
Pension Plans
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation - beginning of year	(591.0)	(661.4)
Service cost	(1.9)	(2.0)
Interest cost	(20.0)	(18.6)
Actuarial (loss) gain	(59.3)	42.0
Benefits paid	43.6	45.2
Plan Amendments	(1.2)	0.0
Plan participant contributions	(0.6)	(0.6)
Foreign currency translation adjustments	0.7	4.4
Benefit obligation - end of year	(629.7)	(591.0)
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets - beginning of year	432.4	497.2
Actual return (loss) on plan assets	61.3	(24.2)
Employer contributions	11.4	8.0
Benefits paid	(43.6)	(45.2)
Plan participant contributions	0.6	0.6
Foreign currency translation adjustments	0.3	(4.0)
Fair value of plan assets - end of year	462.4	432.4
Funded (unfunded) status of plan	(167.3)	(158.6)
Other Post-Retirement Benefit Plans
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation - beginning of year	(12.2)	(14.0)
Service cost	0.0	0.0
Interest cost	(0.4)	(0.4)
Actuarial (loss) gain	(1.5)	1.4
Benefits paid	0.7	0.8
Plan Amendments	0.0	0.0
Plan participant contributions	0.0	0.0
Foreign currency translation adjustments	0.0	0.0
Benefit obligation - end of year	(13.4)	(12.2)
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets - beginning of year	0.0	0.0
Actual return (loss) on plan assets	0.0	0.0
Employer contributions	0.7	0.8
Benefits paid	(0.7)	(0.8)
Plan participant contributions	0.0	0.0
Foreign currency translation adjustments	0.0	0.0
Fair value of plan assets - end of year	0.0	0.0
Funded (unfunded) status of plan	$ (13.4)	$ (12.2)

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, 2019	Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Other long-term assets	$ 121.1	$ 130.8
Accrued expenses and other	(414.9)	(430.9)
Pension and other post-retirement benefit liabilities	(181.2)	(169.0)
Accumulated other comprehensive loss, gross	270.1
Income tax benefit	(49.7)
Portion allocated to Revlon Holdings	(0.6)
Accumulated other comprehensive loss, net	219.8
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Other long-term assets	3.6	4.8
Accrued expenses and other	(2.7)	(5.9)
Pension and other post-retirement benefit liabilities	(168.2)	(157.5)
Funded (unfunded) status of plan	(167.3)	(158.6)
Accumulated other comprehensive loss, gross	266.1	252.6
Income tax benefit	(48.7)	(44.4)
Portion allocated to Revlon Holdings	(0.8)	(0.8)
Accumulated other comprehensive loss, net	216.6	207.4
Other Post-Retirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Other long-term assets	0.0	0.0
Accrued expenses and other	(0.4)	(0.7)
Pension and other post-retirement benefit liabilities	(13.0)	(11.5)
Funded (unfunded) status of plan	(13.4)	(12.2)
Accumulated other comprehensive loss, gross	4.0	2.7
Income tax benefit	(1.0)	(0.6)
Portion allocated to Revlon Holdings	0.2	0.0
Accumulated other comprehensive loss, net	$ 3.2	$ 2.1

PENSION AND POST-RETIREMENT BENEFITS - Projected Benefit Obligation, Accumulated Benefit Obligation, and Fair Value of Plan Assets (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Retirement Benefits [Abstract]
Projected benefit obligation	$ 629.7	$ 591.0
Accumulated benefit obligation	627.9	589.1
Fair value of plan assets	$ 462.4	$ 432.4

PENSION AND POST-RETIREMENT BENEFITS - Components of Net Periodic Benefit Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Net periodic benefit costs:
Total net periodic benefit costs	$ 7.2	$ 2.6
Pension Plans
Net periodic benefit costs:
Service cost	1.9	2.0
Interest cost	20.0	18.6
Expected return on plan assets	(25.1)	(27.8)
Amortization of actuarial loss	9.9	9.2
Curtailment gain	0.0	(0.1)
Total net periodic benefit costs prior to allocation	6.7	1.9
Portion allocated to Revlon Holdings	(0.1)	(0.1)
Total net periodic benefit costs	6.6	1.8
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	0.2	0.4
Curtailment gain	0.0	0.0
Total net periodic benefit costs prior to allocation	0.6	0.8
Portion allocated to Revlon Holdings	0.0	0.0
Total net periodic benefit costs	$ 0.6	$ 0.8

PENSION AND POST-RETIREMENT BENEFITS - Classification of Net Periodic Pension (Income) Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit (income) costs	$ 7.2	$ 2.6
Cost of sales
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit (income) costs	0.0	0.1
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	1.9
Miscellaneous, net
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit (income) costs	$ 5.3	$ 0.6

PENSION AND POST-RETIREMENT BENEFITS - Summary of Unrecognized Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss	$ 269.0
Prior service cost	1.1
Accumulated Other Comprehensive Loss, Gross	270.1
Income tax benefit	(49.7)
Portion allocated (to) from Revlon Holdings	(0.6)
Accumulated other comprehensive loss, net	219.8
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss	265.0
Prior service cost	1.1
Accumulated Other Comprehensive Loss, Gross	266.1	$ 252.6
Income tax benefit	(48.7)	(44.4)
Portion allocated (to) from Revlon Holdings	(0.8)	(0.8)
Accumulated other comprehensive loss, net	216.6	207.4
Other Post-Retirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss	4.0
Prior service cost	0.0
Accumulated Other Comprehensive Loss, Gross	4.0	2.7
Income tax benefit	(1.0)	(0.6)
Portion allocated (to) from Revlon Holdings	0.2	0.0
Accumulated other comprehensive loss, net	$ 3.2	$ 2.1

PENSION AND POST-RETIREMENT BENEFITS - Weighted-average Assumptions Used to Determine Projected Benefit Obligation for Current Year (Details)	Dec. 31, 2019	Dec. 31, 2018
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate (as a percent)	3.01%	4.13%
Rate of future compensation increases (as a percent)	3.50%	3.50%
International Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate (as a percent)	1.81%	2.52%
Rate of future compensation increases (as a percent)	2.02%	2.02%

PENSION AND POST-RETIREMENT BENEFITS - Weighted-average Assumptions Used to Determine Net Periodic Benefit Cost (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate (as a percent)	4.13%	3.47%
Expected long-term return on plan assets (as a percent)	6.00%	6.00%
Rate of future compensation increases (as a percent)	3.50%	3.50%
International Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate (as a percent)	2.52%	2.19%
Expected long-term return on plan assets (as a percent)	4.86%	4.95%
Rate of future compensation increases (as a percent)	2.02%	1.75%

PENSION AND POST-RETIREMENT BENEFITS - Weighted Average Risk Target Ranges Per Asset Class (Details)	Dec. 31, 2019
U.S. Plans \| Minimum \| Common and preferred stock
Defined Benefit Plan Disclosure [Line Items]
Target ranges	0.00%
U.S. Plans \| Minimum \| Mutual funds
Defined Benefit Plan Disclosure [Line Items]
Target ranges	10.00%
U.S. Plans \| Minimum \| Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Target ranges	0.00%
U.S. Plans \| Minimum \| Common and collective funds
Defined Benefit Plan Disclosure [Line Items]
Target ranges	50.00%
U.S. Plans \| Minimum \| Hedge funds
Defined Benefit Plan Disclosure [Line Items]
Target ranges	5.00%
U.S. Plans \| Minimum \| Cash and other investments
Defined Benefit Plan Disclosure [Line Items]
Target ranges	0.00%
U.S. Plans \| Maximum \| Common and preferred stock
Defined Benefit Plan Disclosure [Line Items]
Target ranges	10.00%
U.S. Plans \| Maximum \| Mutual funds
Defined Benefit Plan Disclosure [Line Items]
Target ranges	30.00%
U.S. Plans \| Maximum \| Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Target ranges	20.00%
U.S. Plans \| Maximum \| Common and collective funds
Defined Benefit Plan Disclosure [Line Items]
Target ranges	70.00%
U.S. Plans \| Maximum \| Hedge funds
Defined Benefit Plan Disclosure [Line Items]
Target ranges	15.00%
U.S. Plans \| 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, 2019	Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 462.4	$ 432.4
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	380.6	358.3
International Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 81.8	$ 74.1

PENSION AND POST-RETIREMENT BENEFITS - Estimated Future Benefit Payments (Details) $ in Millions	Dec. 31, 2019 USD ($)
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
2020	$ 47.7
2021	42.4
2022	42.2
2023	41.5
2024	40.6
Years 2025 to 2029	189.9
Other Post-Retirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
2020	1.4
2021	1.3
2022	1.3
2023	1.2
2024	1.2
Years 2025 to 2029	$ 4.7

STOCK COMPENSATION PLAN - Narrative (Details) - USD ($) $ in Millions			1 Months Ended	12 Months Ended
	Aug. 16, 2019	Aug. 15, 2019	Jul. 31, 2014	Dec. 31, 2019	Dec. 31, 2018	Sep. 05, 2019
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)				1,800,000
Term of plan			7 years
Vesting period	2 years	3 years
Common Stock Not Subject To Vesting Requirements	250,000
Time-Based LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred stock-based compensation				$ 13.3
Time-Based LTIP \| 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				2 years
Performance-Based LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred stock-based compensation				$ 15.3
Number of awards vested (in shares)				0
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred stock-based compensation				$ 32.2
Revlon 2019 Transaction incentive program \| Time-based and Performance-based RSU Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)				0
Revlon 2019 Transaction incentive program \| Other Deferred Compensation Arrangements, Annual Payment Term 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash Used to Settle Award				$ 6.8
Deferred Compensation Arrangements, Cash-based Awards Granted, Net of Forfeitures				6.6
Revlon 2019 Transaction incentive program \| Other Deferred Compensation Arrangements, Annual Payment Term 1 \| Acquisition, Integration and Divestiture Costs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangements, Cash-based Awards Granted, Amortization Expense				$ 1.3
Revlon 2019 Transaction incentive program \| Other Deferred Compensation Arrangements, Annual Payment Term 1 \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized						206,812
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period				204,151
Revlon 2019 Transaction incentive program \| Other Deferred Compensation Arrangements, Annual Payment Term 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash Used to Settle Award				$ 2.5
Deferred Compensation Arrangements, Cash-based Awards Granted, Net of Forfeitures				$ 2.1
2018 Long Term Incentive Program \| Time-Based LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				3 years
2018 Long Term Incentive Program \| Performance-Based LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				3 years
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)				5,462
Share-based Payment Arrangement, Accelerated Cost				$ 0.1
Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based payment award options vesting period range start				1 year
Share based payment award options vesting period range end				4 years
Stock Plan \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				3 years
Awards granted (in shares)				67,214	69,767
Deferred stock-based compensation				$ 3.5
Share based payment award period range start				2 years
Share based payment award period range end				5 years
LTP Program \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					3 years
Awards granted (in shares)					69,767
Deferred stock-based compensation				$ 28.7

STOCK COMPENSATION PLAN - Restricted Stock Unit Activity (Details) - $ / shares			12 Months Ended
	Aug. 16, 2019	Aug. 15, 2019	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Forfeited/Canceled (in dollars per share)			$ 16.44
Vesting period	2 years	3 years
Restricted Stock and Restricted Stock Units
Restricted Stock
Outstanding, beginning of period (in shares)			1,406,700	795,000.0
Granted (in shares)			1,163,500	1,303,900
Vested (in shares)			(299,100)	(388,700)
Forfeited/Canceled (in shares)			(249,500)	(303,500)
Outstanding, end of period (in shares)			2,021,600	1,406,700
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding, beginning of period (in dollars per share)			$ 20.32	$ 29.87
Granted (in dollars per share)			21.72	19.39
Vested (in dollars per share)			21.80	33.04
Forfeited/Canceled (in dollars per share)			20.11	25.08
Outstanding, end of period (in dollars per share)			$ 20.93	$ 20.32
Performance-Based LTIP
Restricted Stock
Vested (in shares)			0
2017 \| Time-Based LTIP
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Vesting period			2 years
LTIP Plan \| Time-Based LTIP
Restricted Stock
Outstanding, beginning of period (in shares)			591,100
Granted (in shares)			446,000.0
Vested (in shares)			(205,700)
Forfeited/Canceled (in shares)			(109,900)
Outstanding, end of period (in shares)			721,500	591,100
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Granted (in dollars per share)
LTIP Plan \| Performance-Based LTIP
Restricted Stock
Outstanding, beginning of period (in shares)			591,100
Granted (in shares)			446,100
Vested (in shares)			0
Forfeited/Canceled (in shares)			(136,000.0)
Outstanding, end of period (in shares)			901,200	591,100
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Granted (in dollars per share)
LTIP Plan \| 2019 \| Time-Based LTIP
Restricted Stock
Granted (in shares)			446,000.0
Vested (in shares)			(1,200)
Forfeited/Canceled (in shares)			(19,200)
Outstanding, end of period (in shares)			425,600
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Granted (in dollars per share)			$ 22.55
Vested (in dollars per share)			22.55
Forfeited/Canceled (in dollars per share)			22.55
Outstanding, end of period (in dollars per share)			$ 22.55
LTIP Plan \| 2019 \| Performance-Based LTIP
Restricted Stock
Granted (in shares)			446,100
Vested (in shares)			0
Forfeited/Canceled (in shares)			(20,500)
Outstanding, end of period (in shares)			425,600
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Granted (in dollars per share)			$ 22.55
Vested (in dollars per share)			0
Forfeited/Canceled (in dollars per share)			22.55
Outstanding, end of period (in dollars per share)			$ 22.55
LTIP Plan \| 2018 \| Time-Based LTIP
Restricted Stock
Outstanding, beginning of period (in shares)			434,700
Vested (in shares)			(135,100)
Forfeited/Canceled (in shares)			(57,700)
Outstanding, end of period (in shares)			241,900	434,700
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding, beginning of period (in dollars per share)			$ 19.11
Vested (in dollars per share)			19.07
Forfeited/Canceled (in dollars per share)			19.70
Outstanding, end of period (in dollars per share)			$ 19.00	$ 19.11
LTIP Plan \| 2018 \| Performance-Based LTIP
Restricted Stock
Outstanding, beginning of period (in shares)			434,700
Vested (in shares)			0
Forfeited/Canceled (in shares)			(70,000.0)
Outstanding, end of period (in shares)			364,700	434,700
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding, beginning of period (in dollars per share)			$ 19.11
Vested (in dollars per share)			0
Forfeited/Canceled (in dollars per share)			19.70
Outstanding, end of period (in dollars per share)			$ 19.00	$ 19.11
LTIP Plan \| 2017 \| Time-Based LTIP
Restricted Stock
Outstanding, beginning of period (in shares)			156,400
Vested (in shares)			(69,400)
Forfeited/Canceled (in shares)			(33,000.0)
Outstanding, end of period (in shares)			54,000.0	156,400
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding, beginning of period (in dollars per share)			$ 19.70
Vested (in dollars per share)			19.70
Forfeited/Canceled (in dollars per share)			19.70
Outstanding, end of period (in dollars per share)			$ 19.70	$ 19.70
LTIP Plan \| 2017 \| Performance-Based LTIP
Restricted Stock
Outstanding, beginning of period (in shares)			156,400
Vested (in shares)			0
Forfeited/Canceled (in shares)			(45,500)
Outstanding, end of period (in shares)			110,900	156,400
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding, beginning of period (in dollars per share)			$ 19.70
Vested (in dollars per share)			0
Forfeited/Canceled (in dollars per share)			19.70
Outstanding, end of period (in dollars per share)			19.70	$ 19.70
TIP Plan \| 2019 \| Time-Based LTIP
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding, end of period (in dollars per share)			$ 16.44
TIP Plan \| 2019 \| Revlon 2019 Transaction incentive program
Restricted Stock
Granted (in shares)			204,100
Forfeited/Canceled (in shares)			(3,500)
Outstanding, end of period (in shares)			200,600
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding, end of period (in dollars per share)			$ 16.44
Total LTIP and TIP RSU's \| Time-Based LTIP
Restricted Stock
Outstanding, end of period (in shares)			922,100
Total LTIP and TIP RSU's \| Performance-Based LTIP
Restricted Stock
Outstanding, end of period (in shares)			901,200

STOCK COMPENSATION PLAN - Additional Information (Details) - USD ($) $ in Millions			1 Months Ended	12 Months Ended
	Aug. 16, 2019	Aug. 15, 2019	Jul. 31, 2014	Dec. 31, 2019	Dec. 31, 2018
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)				1,800,000
Term of plan			7 years
Cumulative adjustment to allocated share-based compensation expense				$ 8.1	$ 17.2
Vesting period	2 years	3 years
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of restricted stock and restricted stock units vested				6.5	$ 12.8
Deferred stock-based compensation				$ 32.2
Weighted average remaining contractual terms				1 year 9 months 14 days
Shares withheld for withholding taxes (in shares)					167,297
Time-Based LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred stock-based compensation				$ 13.3
Performance-Based LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred stock-based compensation				$ 15.3
Number of awards vested (in shares)				0
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	0
Stock Plan \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cumulative adjustment to allocated share-based compensation expense				$ 2.7
Deferred stock-based compensation				$ 3.5
Share based payment award period range start				2 years
Share based payment award period range end				5 years
Awards granted (in shares)				67,214	69,767
Vesting period				3 years
LTP Program \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cumulative adjustment to allocated share-based compensation expense				$ 5.0
Deferred stock-based compensation				$ 28.7
Awards granted (in shares)					69,767
Vesting period					3 years
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)				5,462
2018 Long Term Incentive Program \| Time-Based LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				3 years
2018 Long Term Incentive Program \| Performance-Based LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				3 years
Revlon 2019 Transaction incentive program \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cumulative adjustment to allocated share-based compensation expense				$ 0.4
Revlon 2019 Transaction incentive program \| Time-based and Performance-based RSU Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)				0
Revlon 2019 Transaction incentive program \| Other Deferred Compensation Arrangements, Annual Payment Term 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash Used to Settle Award				$ 2.5
Revlon 2019 Transaction incentive program \| Other Deferred Compensation Arrangements, Annual Payment Term 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash Used to Settle Award				$ 6.8

STOCK COMPENSATION PLAN - Awards Granted, Forfeited and Outstanding (Details)	12 Months Ended
	Dec. 31, 2019 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards forfeited, weighted average grant date fair value (in USD per share) \| $ / shares	$ 16.44
TIP Plan \| Time-Based LTIP \| 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding, weighted average grant date fair value (in USD per share) \| $ / shares	$ 16.44
TIP Plan \| Revlon 2019 Transaction incentive program \| 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding (in shares) \| shares	200,600
Awards outstanding, weighted average grant date fair value (in USD per share) \| $ / shares	$ 16.44
Awards granted (in shares) \| shares	204,100
Awards forfeited (in shares) \| shares	(3,500)

INCOME TAXES - Narrative (Details) - USD ($)	12 Months Ended
INCOME TAXES - Narrative (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Line Items]
Provision (benefit) for income taxes		$ 200,000	$ 2,200,000
Change in provision for income taxes		(2,000,000.0)
Tax loss carryforwards		939,700,000
Affiliated Entity
Income Tax Disclosure [Line Items]
Tax loss carryforwards		0
MacAndrews & Forbes Tax Sharing Agreement \| Tax Year 2018 \| Revlon Consumer Products Corporation
Income Tax Disclosure [Line Items]
Consulting fees		0
MacAndrews & Forbes Tax Sharing Agreement \| Tax Year 2019 \| Revlon Consumer Products Corporation
Income Tax Disclosure [Line Items]
Consulting fees		0
Revlon Tax Sharing Agreement \| Tax Year 2017 \| Revlon Consumer Products Corporation
Income Tax Disclosure [Line Items]
Consulting fees			0
Revlon Tax Sharing Agreement \| Tax Year 2018 \| Revlon Consumer Products Corporation
Income Tax Disclosure [Line Items]
Consulting fees		0	0
Revlon Tax Sharing Agreement \| Tax Year 2019 \| Revlon Consumer Products Corporation
Income Tax Disclosure [Line Items]
Consulting fees		0
Revlon Tax Sharing Agreement \| Tax Year 2019 \| Revlon Consumer Products Corporation \| Scenario, Forecast
Income Tax Disclosure [Line Items]
Consulting fees	$ 0
Revlon Consumer Products Corporation
Income Tax Disclosure [Line Items]
Provision (benefit) for income taxes		1,600,000	$ 3,400,000
Change in provision for income taxes		$ (1,800,000)

INCOME TAXES - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Line Items]
Provision (benefit) for income taxes	$ 0.2	$ 2.2
Change in benefit from income taxes	(2.0)
Deferred tax valuation allowance increase (decrease)	(2.4)	75.0
Tax loss carryforwards	939.7
Tax loss carryforwards - expiring 2020	4.5
Tax loss carryforwards - expiring 2021	2.8
Tax loss carryforwards - expiring 2023 and beyond	615.4
Tax loss carryforwards - unlimited	317.0
Unrecognized tax benefits	78.0	74.7	$ 84.9
Income tax penalties and interest accrued	11.7	9.8	$ 9.0
Unrecognized tax benefits that would impact effective tax rate	46.1
Tax deferred expense	31.9
Unrecognized Tax Benefits, Income Tax Expense (Benefit)	1.9	0.8
Decrease in unrecognized tax benefits is reasonably possible	4.1
Foreign
Income Tax Disclosure [Line Items]
Tax loss carryforwards	310.6
United States
Income Tax Disclosure [Line Items]
Tax loss carryforwards	629.1
Tax Payment
Income Tax Disclosure [Line Items]
Due to related parties, current	2.3
Revlon Consumer Products Corporation
Income Tax Disclosure [Line Items]
Provision (benefit) for income taxes	1.6	$ 3.4
Change in benefit from income taxes	$ (1.8)

INCOME TAXES - Income Before Income Taxes and Provision for Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Loss from continuing operations before income taxes
United States	$ (293.0)	$ (298.5)
Foreign	128.0	6.6
Loss from continuing operations before income taxes	(165.0)	(291.9)
Provision for income taxes:
United States federal	(23.2)	(27.2)
State and local	7.0	(3.6)
Foreign	16.4	33.0
Income Tax Expense (Benefit), Total	0.2	2.2
Current:
United States federal	5.8	(8.9)
State and local	(1.8)	(0.8)
Foreign	26.0	10.2
Current income tax expense (benefit)	30.0	0.5
Deferred:
United States federal	(29.0)	(18.3)
State and local	8.8	(2.8)
Foreign	(9.6)	22.8
Provision for deferred income taxes	$ (29.8)	$ 1.7

INCOME TAXES - Reconciliation of Tax Expense to Statutory Federal Income Tax Rate (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Computed income tax benefit	$ (34.6)	$ (61.3)
State and local taxes, net of U.S. federal income tax benefit	(3.3)	(2.9)
Foreign rate differential and other foreign adjustments	(5.4)	(9.3)
Net establishment of valuation allowance	19.1	75.0
Net release of uncertain tax positions	0.7	(4.3)
Foreign dividends and earnings taxable in the U.S.	23.2	12.8
Impairment for which there is no tax benefit	0.0	4.3
Impact of the Tax Act	0.0	(7.7)
Other	0.5	(4.4)
Income Tax Expense (Benefit), Total	$ 0.2	$ 2.2

INCOME TAXES - Deferred Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Deferred Tax Assets, Net [Abstract]
Inventories	$ 19.8	$ 23.6
Net operating loss carryforwards - U.S. (a)	165.5	160.8
Net operating loss carryforwards - foreign	55.0	69.7
Disallowed Interest Carryover - U.S.	63.1	42.8
Employee benefits	64.3	53.6
Sales-related reserves	20.4	21.1
Lease liability	20.3	0.0
Foreign currency translation adjustment	0.0	1.1
Other	55.5	50.4
Total gross deferred tax assets	463.9	423.1
Less valuation allowance	(163.3)	(165.7)
Total deferred tax assets, net of valuation allowance	300.6	257.4
Deferred Tax Liabilities, Net [Abstract]
Plant, equipment and other assets	(43.9)	(32.6)
Intangibles	(73.3)	(81.5)
Other	(8.1)	(12.1)
Total gross deferred tax liabilities	(125.3)	(126.2)
Net deferred tax assets	175.3	131.2
Net establishment of valuation allowance	19.1	75.0
Revlon Consumer Products Corporation
Deferred Tax Assets, Net [Abstract]
Net operating loss carryforwards - U.S. (a)	$ 146.1	$ 143.8

INCOME TAXES - Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Unrecognized Tax Benefit, Tax Portion [Abstract]
Beginning Balance	$ 64.9	$ 75.9
Increase based on tax positions taken in a prior year	0.3	2.8
Decrease based on tax positions taken in a prior year	(2.2)	(15.5)
Increase based on tax positions taken in the current year	7.1	6.5
Decrease resulting from the lapse of statutes of limitations	(3.8)	(4.8)
Ending Balance	66.3	64.9
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued [Abstract]
Beginning Balance	9.8	9.0
Increase based on tax positions taken in a prior year	3.4	5.4
Decrease based on tax positions taken in a prior year	(0.3)	(3.8)
Increase based on tax positions taken in the current year	0.0	0.2
Decrease resulting from the lapse of statutes of limitations	(1.2)	(1.0)
Ending Balance	11.7	9.8
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning balance	74.7	84.9
Increase based on tax positions taken in a prior year	3.7	8.2
Decrease based on tax positions taken in a prior year	(2.5)	(19.3)
Increase based on tax positions taken in the current year	7.1	6.7
Decrease resulting from the lapse of statutes of limitations	(5.0)	(5.8)
Ending balance	$ 78.0	$ 74.7

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

3 Months Ended

12 Months Ended

Dec. 31, 2019

Dec. 31, 2018

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

Foreign currency translation adjustment, net of tax

$ (1,056.8)

$ (770.4)

(2.9)

(9.4)

Amortization of pension related costs, net of tax(b)(c)

^[1],[2]

9.0

8.4

Pension re-measurement

(5.5)

Amortization of deferred losses, net of tax

0.7

$ (13.2)

^[3]

(13.2)

(5.8)

^[3]

Amortization of pension related costs, tax benefit (expense)

(1,221.2)

(1,056.8)

1.1

1.0

Accumulated Other Comprehensive Loss

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

(234.2)

(228.4)

^[3]

(13.2)

(5.8)

Foreign Currency Translation

(247.4)

(234.2)

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

Foreign currency translation adjustment, net of tax

(24.4)

(15.0)

(2.9)

(9.4)

(2.9)

(9.4)

Foreign currency translation adjustment, tax benefit (expense)

(27.3)

(24.4)

1.8

(0.1)

Actuarial (Loss) Gain on Post-retirement Benefits

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

Amortization of pension related costs, net of tax(b)(c)

(209.5)

(212.4)

9.0

8.4

Pension re-measurement

(19.3)

(5.5)

(10.3)

2.9

Amortization of pension related costs, tax benefit (expense)

(219.8)

(209.5)

(1.1)

(1.0)

Pension re-measurement, tax benefit (expense)

5.2

2.5

Deferred Gain (Loss) - Hedging

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

Amortization of deferred losses, net of tax

0.0

(0.7)

0.7

0.0

0.7

Amortization of deferred losses, tax benefit (expense)

0.0

0.5

Other

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

(0.3)

0.0

Deferred gain - hedging | Interest rate swap

$ (0.3)

(0.3)

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

0.0

(0.7)

Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent

$ 0.0

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

Pension re-measurement

$ (19.3)

[1]	Net of tax expense of $1.1 million and $1.0 million for 2019 and 2018, respectively.
[2]	This amount is included in the computation of net periodic benefit costs (income). See Note 12, "Pension and Post-Retirement Benefits," for additional information regarding net periodic benefit costs (income).
[3]	See Note 15, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during 2019 and 2018, respectively.

ACCUMULATED OTHER COMPREHENSIVE LOSS - Reclassification out of Accumulated Comprehensive Loss (Details) $ in Millions	12 Months Ended
	Dec. 31, 2018 USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ (770.4)
Ending balance	(1,056.8)
Interest rate swap \| Deferred gain - hedging
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(0.7)
Reclassifications into earnings, net of tax	0.7
Ending balance	0.0
Reclassification from AOCI, Current Period, Tax	$ 0.5

STOCKHOLDERS' DEFICIENCY - Common and Treasury Stock Issued and/or Outstanding (Details) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Common Stock \| Class A Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	55,556,466	54,556,100
Stock Granted		1,303,883
Stock forfeited		(303,517)
Ending balance	56,470,490	55,556,466
Awards granted (in shares)	1,163,538
Awards forfeited (in shares)	249,514
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	1,533,320	1,114,528
Restricted stock forfeitures		251,495
Shares withheld for withholding taxes (in shares)	92,260	167,297
Ending balance	1,625,580	1,533,320
Restricted Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares withheld for withholding taxes (in shares)		167,297
Restricted Stock \| Stock Plan
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock forfeitures		251,495
Awards granted (in shares)	67,214	69,767
Restricted Stock \| LTP Program
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Awards granted (in shares)		69,767
Awards forfeited (in shares)		251,495
Restricted Stock Units \| LTP Program
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Awards granted (in shares)	1,096,324	1,234,116
Awards forfeited (in shares)		52,022

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

3 Months Ended

12 Months Ended

Dec. 31, 2019

Dec. 31, 2018

Common stock, authorized (in shares)

900,000,000

Common stock, par value (in dollars per share)

$ 0.01

^[1]

$ 1.6

$ 3.6

Treasury Stock

Shares withheld for withholding taxes (in shares)

92,260

167,297

^[1]

$ 1.6

$ 10.2

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

87.10%

Class B Common Stock

Common stock, authorized (in shares)

200,000,000

Common stock, par value (in dollars per share)

$ 0.01

Restricted Stock

Shares withheld for withholding taxes (in shares)

167,297

Shares withheld for withholding taxes

$ 6.6

Restricted Stock | Treasury Stock

Share repurchase price (in usd per share)

$ 26.26

Restricted Stock | Class A Common Stock

Shares withheld for withholding taxes

$ 3.6

Restricted Stock | Class A Common Stock | Treasury Stock

Share repurchase price (in usd per share)

$ 21.42

[1]

SEGMENT DATA AND RELATED INFORMATION - Net Sales and Segment Profit (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Net sales	$ 2,419.6	$ 2,564.5
Segment profit	60.7	(85.2)
Depreciation and amortization	162.9	177.2
Non-Operating items:
Restructuring and related charges	12.8	20.2
Acquisition, integration and divestiture costs	3.9	13.9
(Gain) loss on divested assets	(26.6)	(20.1)
Impairment charges	0.0	18.0
Operating (loss) income	60.7	(85.2)
Interest Expense	196.6	176.6
Amortization of debt issuance costs	14.6	13.0
Foreign currency (gains) losses, net	(1.9)	15.8
Miscellaneous, net	16.4	1.3
Loss from continuing operations before income taxes	(165.0)	(291.9)
Operating segments
Segment Reporting Information [Line Items]
Net sales	2,419.6	2,564.5
Segment profit	266.1	237.9
Non-Operating items:
Operating (loss) income	266.1	237.9
Segment reconciling items
Segment Reporting Information [Line Items]
Depreciation and amortization	162.9	177.2
Non-cash stock compensation expense	8.1	17.2
Non-Operating items:
Restructuring and related charges	30.5	23.1
Acquisition, integration and divestiture costs	3.9	13.9
(Gain) loss on divested assets		20.1
Financial control remediation actions and related charges	13.4	0.0
Excessive coupon redemption in dispute	13.2	0.0
Oxford ERP system disruption-related charges	0.0	53.6
Impairment charges	0.0	18.0
Revlon
Segment Reporting Information [Line Items]
Net sales	958.8	998.3
Revlon \| Operating segments
Segment Reporting Information [Line Items]
Net sales	958.8	998.3
Segment profit	101.2	129.6
Non-Operating items:
Operating (loss) income	101.2	129.6
Elizabeth Arden
Segment Reporting Information [Line Items]
Net sales	520.0	490.2
Elizabeth Arden \| Operating segments
Segment Reporting Information [Line Items]
Net sales	520.0	490.2
Segment profit	37.6	24.4
Non-Operating items:
Operating (loss) income	37.6	24.4
Portfolio
Segment Reporting Information [Line Items]
Net sales	487.8	564.6
Portfolio \| Operating segments
Segment Reporting Information [Line Items]
Net sales	487.8	564.6
Segment profit	45.0	7.9
Non-Operating items:
Operating (loss) income	45.0	7.9
Fragrance
Segment Reporting Information [Line Items]
Net sales	453.0	511.4
Fragrance \| Operating segments
Segment Reporting Information [Line Items]
Net sales	453.0	511.4
Segment profit	82.3	76.0
Non-Operating items:
Operating (loss) income	82.3	76.0
Revlon Consumer Products Corporation
Segment Reporting Information [Line Items]
Net sales	2,419.6	2,564.5
Segment profit	68.6	(78.9)
Depreciation and amortization	162.9	177.2
Non-cash stock compensation expense	8.1	17.2
Non-Operating items:
Acquisition, integration and divestiture costs	3.9	13.9
(Gain) loss on divested assets	(26.6)	20.1
Impairment charges	0.0	18.0
Operating (loss) income	68.6	(78.9)
Interest Expense	196.6	176.6
Amortization of debt issuance costs	14.6	13.0
Foreign currency (gains) losses, net	(1.9)	15.8
Miscellaneous, net	16.4	1.3
Loss from continuing operations before income taxes	(157.1)	(285.6)
Revlon Consumer Products Corporation \| Operating segments
Segment Reporting Information [Line Items]
Net sales	2,419.6	2,564.5
Segment profit	274.0	244.2
Non-Operating items:
Operating (loss) income	274.0	244.2
Revlon Consumer Products Corporation \| Segment reconciling items
Non-Operating items:
Restructuring and related charges	30.5	23.1
Acquisition, integration and divestiture costs	3.9	13.9
(Gain) loss on divested assets	(26.6)	20.1
Financial control remediation actions and related charges	13.4	0.0
Excessive coupon redemption in dispute	13.2	0.0
Oxford ERP system disruption-related charges	0.0	53.6
Revlon Consumer Products Corporation \| Revlon \| Operating segments
Segment Reporting Information [Line Items]
Net sales	958.8	998.3
Segment profit	104.3	132.0
Non-Operating items:
Operating (loss) income	104.3	132.0
Revlon Consumer Products Corporation \| Elizabeth Arden \| Operating segments
Segment Reporting Information [Line Items]
Net sales	520.0	490.2
Segment profit	39.3	25.6
Non-Operating items:
Operating (loss) income	39.3	25.6
Revlon Consumer Products Corporation \| Portfolio \| Operating segments
Segment Reporting Information [Line Items]
Net sales	487.8	564.6
Segment profit	46.6	9.3
Non-Operating items:
Operating (loss) income	46.6	9.3
Revlon Consumer Products Corporation \| Fragrance \| Operating segments
Segment Reporting Information [Line Items]
Net sales	453.0	511.4
Segment profit	83.8	77.3
Non-Operating items:
Operating (loss) income	$ 83.8	$ 77.3

SEGMENT DATA AND RELATED INFORMATION - Additional Information (Details) - country	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Walmart \| Revenue Benchmark \| Customer Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk percentage	15.00%	15.00%
International
Segment Reporting Information [Line Items]
Number of countries in which entity operates	25

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, 2019	Dec. 31, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 2,419.6	$ 2,564.5
Long-lived assets	1,694.1	1,691.2
North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	1,225.7	1,354.2
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	667.3	717.6
Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	288.2	241.5
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	109.1	123.2
Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	129.3	128.0
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 1,414.0	$ 1,416.2
Percentage of long lived assets by geographic location	83.00%	84.00%
International
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 280.1	$ 275.0
Percentage of long lived assets by geographic location	17.00%	16.00%
Revlon
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 958.8	$ 998.3
Revlon \| North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	497.2	522.3
Revlon \| EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	205.3	226.0
Revlon \| Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	107.2	105.1
Revlon \| Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	70.8	70.5
Revlon \| Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	78.3	74.4
Elizabeth Arden
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	520.0	490.2
Elizabeth Arden \| North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	120.4	135.6
Elizabeth Arden \| EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	203.5	201.0
Elizabeth Arden \| Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	164.7	119.5
Elizabeth Arden \| Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	7.7	11.4
Elizabeth Arden \| Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	23.7	22.7
Portfolio
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	487.8	564.6
Portfolio \| North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	298.9	350.4
Portfolio \| EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	150.4	170.6
Portfolio \| Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	4.2	4.0
Portfolio \| Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	21.6	25.7
Portfolio \| Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	12.7	13.9
Fragrance
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	453.0	511.4
Fragrance \| North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	309.2	345.9
Fragrance \| EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	108.1	120.0
Fragrance \| Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	12.1	12.9
Fragrance \| Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	9.0	15.6
Fragrance \| Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 14.6	$ 17.0

SEGMENT DATA AND RELATED INFORMATION - Schedule of Net Sales by Classes of Similar Products (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Revenue from External Customer [Line Items]
Net sales	$ 2,419.6	$ 2,564.5
Color cosmetics
Revenue from External Customer [Line Items]
Net sales	$ 769.9	$ 848.7
Percentage of net sales by classes of similar products	32.00%	33.00%
Fragrance
Revenue from External Customer [Line Items]
Net sales	$ 611.7	$ 679.2
Percentage of net sales by classes of similar products	26.00%	26.00%
Hair care
Revenue from External Customer [Line Items]
Net sales	$ 513.8	$ 529.3
Percentage of net sales by classes of similar products	21.00%	21.00%
Beauty care
Revenue from External Customer [Line Items]
Net sales	$ 176.9	$ 200.4
Percentage of net sales by classes of similar products	7.00%	8.00%
Skin care
Revenue from External Customer [Line Items]
Net sales	$ 347.3	$ 306.9
Percentage of net sales by classes of similar products	14.00%	12.00%

REVLON, INC. BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE - Additional Information (Details) - shares	Dec. 31, 2019	Dec. 31, 2018
Earnings Per Share, Basic and Diluted [Abstract]
Stock options outstanding (shares)	0	0

REVLON, INC. BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE - Components of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Numerator:
Loss from continuing operations, net of taxes		$ (165.2)	$ (294.1)
Income (loss) from discontinued operations, net of taxes		7.5	(0.1)
Net (loss) income	$ (157.7)	$ (157.7)	$ (294.2)
Denominator:
Weighted average common shares outstanding - Basic (shares)		53,081,321	52,797,686
Effect of dilutive restricted stock (shares)		0	0
Weighted average common shares outstanding - Diluted (shares)		53,081,321	52,797,686
Basic and Diluted (loss) earnings per common share:
Continuing operations		$ (3.11)	$ (5.57)
Discontinued operations		0.14	0
Net loss		$ (2.97)	$ (5.57)
Restricted Stock and Restricted Stock Units
Basic and Diluted (loss) earnings per common share:
Unvested restricted stock and RSUs under the Stock Plan (in shares)		478,202	272,298

RELATED PARTY TRANSACTIONS - Additional Information (Details) - USD ($)	1 Months Ended	12 Months Ended
	Oct. 31, 2013	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2009	Jan. 31, 2007	Mar. 31, 2006
Related Party Transaction [Line Items]
Reimbursement Agreements termination notice period		90 days
Conversion ratio, outstanding principal amount per share of common stock issued (in dollars per share)				$ 5.21
Number of days demand registration may be postponed		30 days
Class A Common Stock
Related Party Transaction [Line Items]
Percentage ownership of outstanding common stock		87.10%
Shares converted in Offering	3,125,000			9,336,905
Products Corporation
Related Party Transaction [Line Items]
Percentage of voting capital stock		66.00%
Reimbursements
Related Party Transaction [Line Items]
Receivable from related party			$ 300,000
Expenses related party		$ 500,000
Income from related party			600,000
Payable from related party		5,500,000	0
Registration Rights Agreement \| 2003 Equity Rights Offering
Related Party Transaction [Line Items]
Equity Right Offering Value	$ 50,000,000.0
Registration Rights Agreement \| 2006 Equity Rights Offering
Related Party Transaction [Line Items]
Equity Right Offering Value						$ 110,000,000
Registration Rights Agreement \| 2007 Equity Rights Offering
Related Party Transaction [Line Items]
Equity Right Offering Value					$ 100,000,000
Majority Shareholder \| Related Party Expense, Other Advertising, Coupon Redemption and Raw Material Supply
Related Party Transaction [Line Items]
Expenses related party		55,100,000	18,900,000
Payable from related party		500,000	900,000
Payments to related party		1,000,000.0	200,000
Revlon Holdings
Related Party Transaction [Line Items]
Receivable from related party			400,000
Expenses related party		300,000
Income from related party			900,000
Payable from related party		200,000
Revlon Holdings \| Revlon Consumer Products Corporation
Related Party Transaction [Line Items]
Amount reimbursed by related party		200,000	200,000
Receivable from related party		100,000	100,000
Mr. Beattie
Related Party Transaction [Line Items]
Consulting fees		400,000	$ 500,000
Ms. Hormozi
Related Party Transaction [Line Items]
Consulting fees		100,000
MacAndrews & Forbes \| Reimbursements
Related Party Transaction [Line Items]
Payable from related party		$ 200,000

PRODUCTS CORPORATION AND SUBSIDIARIES GUARANTOR FINANCIAL INFORMATION - Narrative (Details)	Dec. 31, 2019	Aug. 31, 2019	Sep. 07, 2016
5.75% Senior Notes
Condensed Financial Statements, Captions [Line Items]
Stated interest rate (as a percent)	5.75%	5.75%
6.25% Senior Notes
Condensed Financial Statements, Captions [Line Items]
Stated interest rate (as a percent)	6.25%		6.25%

PRODUCTS CORPORATION AND SUBSIDIARIES GUARANTOR FINANCIAL INFORMATION - Balance Sheet (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Assets [Abstract]
Cash and cash equivalents	$ 104.3	$ 87.3
Trade receivables, less allowances for doubtful accounts	423.4	431.3
Inventories	448.4	523.2
Property, plant and equipment, net	408.6	354.5
Deferred income taxes	175.1	131.8
Goodwill	673.7	673.9
Intangible assets, net	490.7	532.0
Other assets	121.1	130.8
Total assets	2,980.6	3,016.8
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Short-term borrowings	2.2	9.3
Current portion of long-term debt	288.0	348.1
Accounts payable	251.8	332.1
Accrued expenses and other current liabilities	414.9	430.9
Long-term debt	2,906.2	2,727.7
Total stockholders’ deficiency	(1,221.2)	(1,056.8)	$ (770.4)
Total liabilities and stockholders’ deficiency	2,980.6	3,016.8
Prepaid expenses and other assets	135.3	152.0
Other long-term liabilities	157.5	56.5
Property, Plant, and Equipment, net of accumulated depreciation	408.6	354.5
Revlon Consumer Products Corporation
Assets [Abstract]
Cash and cash equivalents	104.3	87.3
Trade receivables, less allowances for doubtful accounts	423.4	431.3
Inventories	448.4	523.2
Intercompany receivables	0.0	0.0
Investment in subsidiaries	0.0	0.0
Property, plant and equipment, net		354.5
Deferred income taxes	158.1	114.8
Goodwill	673.7	673.9
Intangible assets, net	490.7	532.0
Other assets	121.1	130.8
Total assets	3,120.9	3,147.5
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Short-term borrowings	2.2	9.3
Current portion of long-term debt	288.0	348.1
Accounts payable	251.8	332.1
Accrued expenses and other current liabilities	418.2	434.7
Intercompany payables	0.0	0.0
Long-term debt	2,906.2	2,727.7
Total liabilities	4,210.3	4,080.6
Total stockholders’ deficiency	(1,089.4)	(933.1)	$ (655.4)
Total liabilities and stockholders’ deficiency	3,120.9	3,147.5
Prepaid expenses and other assets	131.4	148.0
Other long-term liabilities	162.7	59.7
Property, Plant, and Equipment, net of accumulated depreciation	408.6	354.5
Prepaid expenses and other	292.6	299.7
Pension and Other Postretirement Defined Benefit Plans Liabilities and Other Liabilities Noncurrent	343.9	228.7
Revlon Consumer Products Corporation \| Eliminations
Assets [Abstract]
Cash and cash equivalents	0.0	0.0
Trade receivables, less allowances for doubtful accounts	0.0	0.0
Inventories	0.0	0.0
Intercompany receivables	(6,165.0)	(4,668.7)
Investment in subsidiaries	(1,629.0)	(1,657.8)
Deferred income taxes	0.0	0.0
Goodwill	0.0	0.0
Intangible assets, net	0.0	0.0
Other assets	0.0	0.0
Total assets	(7,794.0)	(6,326.5)
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Short-term borrowings	0.0	0.0
Current portion of long-term debt	0.0	0.0
Accounts payable	0.0	0.0
Accrued expenses and other current liabilities	0.0	0.0
Intercompany payables	(6,165.0)	(4,668.7)
Long-term debt	0.0	0.0
Total liabilities	(6,165.0)	(4,668.7)
Total stockholders’ deficiency	(1,629.0)	(1,657.8)
Total liabilities and stockholders’ deficiency	(7,794.0)	(6,326.5)
Property, Plant, and Equipment, net of accumulated depreciation	0.0	0.0
Prepaid expenses and other	0.0	0.0
Pension and Other Postretirement Defined Benefit Plans Liabilities and Other Liabilities Noncurrent	0.0	0.0
Revlon Consumer Products Corporation \| Products Corporation \| Reportable Legal Entities
Assets [Abstract]
Cash and cash equivalents	0.8	7.3
Trade receivables, less allowances for doubtful accounts	95.5	89.7
Inventories	131.0	150.7
Intercompany receivables	2,857.7	2,225.4
Investment in subsidiaries	1,598.3	1,627.4
Deferred income taxes	165.0	105.9
Goodwill	159.9	159.9
Intangible assets, net	13.0	21.2
Other assets	67.8	71.8
Total assets	5,517.4	4,871.1
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Short-term borrowings	0.0	0.0
Current portion of long-term debt	287.9	348.0
Accounts payable	108.4	148.8
Accrued expenses and other current liabilities	124.1	152.6
Intercompany payables	3,030.3	2,226.8
Long-term debt	2,822.2	2,644.6
Total liabilities	6,593.3	5,674.2
Total stockholders’ deficiency	(1,075.9)	(803.1)
Total liabilities and stockholders’ deficiency	5,517.4	4,871.1
Property, Plant, and Equipment, net of accumulated depreciation	208.7	197.1
Prepaid expenses and other	219.7	214.7
Pension and Other Postretirement Defined Benefit Plans Liabilities and Other Liabilities Noncurrent	220.4	153.4
Revlon Consumer Products Corporation \| Guarantor Subsidiaries \| Reportable Legal Entities
Assets [Abstract]
Cash and cash equivalents	6.4	6.6
Trade receivables, less allowances for doubtful accounts	92.3	103.5
Inventories	151.5	196.5
Intercompany receivables	2,854.6	2,177.2
Investment in subsidiaries	30.7	30.4
Deferred income taxes	(37.8)	(6.9)
Goodwill	264.0	263.9
Intangible assets, net	346.9	412.2
Other assets	16.2	23.4
Total assets	3,840.7	3,289.3
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Short-term borrowings	0.0	0.0
Current portion of long-term debt	0.0	0.0
Accounts payable	39.9	88.6
Accrued expenses and other current liabilities	70.0	87.0
Intercompany payables	2,668.7	2,028.9
Long-term debt	0.0	0.0
Total liabilities	2,896.8	2,215.7
Total stockholders’ deficiency	943.9	1,073.6
Total liabilities and stockholders’ deficiency	3,840.7	3,289.3
Property, Plant, and Equipment, net of accumulated depreciation	89.5	57.5
Prepaid expenses and other	26.4	25.0
Pension and Other Postretirement Defined Benefit Plans Liabilities and Other Liabilities Noncurrent	118.2	11.2
Revlon Consumer Products Corporation \| Non-Guarantor Subsidiaries \| Reportable Legal Entities
Assets [Abstract]
Cash and cash equivalents	97.1	73.4
Trade receivables, less allowances for doubtful accounts	235.6	238.1
Inventories	165.9	176.0
Intercompany receivables	452.7	266.1
Investment in subsidiaries	0.0	0.0
Deferred income taxes	30.9	15.8
Goodwill	249.8	250.1
Intangible assets, net	130.8	98.6
Other assets	37.1	35.6
Total assets	1,556.8	1,313.6
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Short-term borrowings	2.2	9.3
Current portion of long-term debt	0.1	0.1
Accounts payable	103.5	94.7
Accrued expenses and other current liabilities	224.1	195.1
Intercompany payables	466.0	413.0
Long-term debt	84.0	83.1
Total liabilities	885.2	859.4
Total stockholders’ deficiency	671.6	454.2
Total liabilities and stockholders’ deficiency	1,556.8	1,313.6
Property, Plant, and Equipment, net of accumulated depreciation	110.4	99.9
Prepaid expenses and other	46.5	60.0
Pension and Other Postretirement Defined Benefit Plans Liabilities and Other Liabilities Noncurrent	$ 5.3	$ 64.1

PRODUCTS CORPORATION AND SUBSIDIARIES GUARANTOR FINANCIAL INFORMATION - Statement of Operations and Comprehensive Income (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2019

Dec. 31, 2018

Condensed Income Statements, Captions [Line Items]

$ 2,419.6

$ 2,564.5

1,052.2

1,117.0

1,367.4

1,447.5

1,316.6

1,460.5

3.9

13.9

12.8

20.2

0.0

18.0

(26.6)

(20.1)

60.7

(85.2)

196.6

176.6

14.6

13.0

(1.9)

15.8

16.4

1.3

Loss from continuing operations before income taxes

225.7

206.7

(165.0)

(291.9)

(Loss) income from continuing operations, net of taxes

0.2

2.2

(165.2)

(294.1)

(Loss) income from discontinued operations, net of taxes

7.5

(0.1)

$ (157.7)

(157.7)

(294.2)

$ (13.2)

^[1]

(13.2)

(5.8)

^[1]

(170.9)

(300.0)

Condensed Income Statements, Captions [Line Items]

2,419.6

2,564.5

1,052.2

1,117.0

1,367.4

1,447.5

1,308.7

1,454.2

3.9

13.9

12.8

20.2

0.0

18.0

(26.6)

20.1

68.6

(78.9)

0.0

196.6

176.6

176.6

14.6

13.0

(1.9)

15.8

16.4

1.3

Loss from continuing operations before income taxes

225.7

206.7

(157.1)

(285.6)

(Loss) income from continuing operations, net of taxes

1.6

3.4

(158.7)

(289.0)

(Loss) income from discontinued operations, net of taxes

7.5

(0.1)

0.0

(151.2)

(289.1)

^[2]

(13.2)

(5.8)

Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation

(164.4)

(294.9)

Condensed Income Statements, Captions [Line Items]

590.1

644.6

282.6

300.9

307.5

343.7

430.6

441.0

0.7

8.5

3.3

5.2

18.0

0.0

20.1

(127.1)

(149.1)

(4.3)

(7.0)

189.5

172.7

14.6

13.0

(0.6)

3.5

(31.6)

(44.4)

Loss from continuing operations before income taxes

167.6

137.8

(294.7)

(286.9)

(Loss) income from continuing operations, net of taxes

(55.6)

(10.4)

(239.1)

(276.5)

(Loss) income from discontinued operations, net of taxes

0.0

144.5

(12.6)

(94.6)

(289.1)

(13.3)

(5.8)

Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries

(107.9)

(294.9)

Condensed Income Statements, Captions [Line Items]

622.1

707.1

306.5

343.6

315.6

363.5

331.9

421.5

0.1

1.6

4.0

3.1

0.0

0.0

(20.4)

(62.7)

2.6

2.5

0.0

0.0

0.0

(1.2)

0.6

(36.3)

(45.3)

Loss from continuing operations before income taxes

(34.9)

(42.2)

14.5

(20.5)

(Loss) income from continuing operations, net of taxes

40.8

7.3

(26.3)

(27.8)

(Loss) income from discontinued operations, net of taxes

0.0

19.0

(6.6)

(7.3)

(34.4)

(6.9)

(1.0)

Revlon Consumer Products Corporation | Reportable Legal Entities | Non-Guarantor Subsidiaries

(14.2)

(35.4)

Condensed Income Statements, Captions [Line Items]

1,210.8

1,213.4

466.5

473.1

744.3

740.3

546.2

591.7

3.1

3.8

5.5

11.9

0.0

(26.6)

0.0

216.1

132.9

1.7

4.5

7.1

3.9

0.0

(0.1)

11.7

84.3

91.0

Loss from continuing operations before income taxes

93.0

111.1

123.1

21.8

(Loss) income from continuing operations, net of taxes

16.4

6.5

106.7

15.3

(Loss) income from discontinued operations, net of taxes

7.5

(0.1)

0.0

114.2

15.2

1.3

(12.8)

Revlon Consumer Products Corporation | Eliminations

115.5

2.4

Condensed Income Statements, Captions [Line Items]

(3.4)

(0.6)

(3.4)

(0.6)

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

Loss from continuing operations before income taxes

0.0

0.0

(Loss) income from continuing operations, net of taxes

0.0

0.0

(Loss) income from discontinued operations, net of taxes

0.0

(163.5)

19.2

(163.5)

19.2

5.7

13.8

$ (157.8)

$ 33.0

[1]	See Note 15, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during 2019 and 2018, respectively.
[2]	See Note 15, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during 2019 and 2018, respectively.

PRODUCTS CORPORATION AND SUBSIDIARIES GUARANTOR FINANCIAL INFORMATION - Statement of Cash Flow (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2019

Dec. 31, 2018

Net cash (used in) provided by operating activities

$ (68.3)

$ (170.8)

Net cash (used in) provided by investing activities

2.1

(57.2)

Net decrease in short-term borrowings and overdraft

(17.3)

(1.1)

Net (repayments) borrowings under the Amended 2016 Revolving Credit Facility

(62.6)

178.0

(18.0)

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

(15.3)

(9.7)

(1.6)

(3.6)

Net cash provided by (used in) financing activities

(0.9)

(1.4)

84.3

233.1

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

(1.1)

(5.0)

Net increase in cash, cash equivalents and restricted cash

17.0

0.1

Cash, cash equivalents and restricted cash at beginning of period

^[1]

87.5

87.4

Cash, cash equivalents and restricted cash at end of period

^[1]

104.5

87.5

Net cash (used in) provided by operating activities

(68.3)

(170.8)

Net cash (used in) provided by investing activities

2.1

(57.2)

Net decrease in short-term borrowings and overdraft

(17.3)

(1.1)

Net (repayments) borrowings under the Amended 2016 Revolving Credit Facility

(62.6)

178.0

(18.0)

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

(15.3)

(9.7)

(1.6)

(3.6)

Net cash provided by (used in) financing activities

(0.9)

(1.4)

84.3

233.1

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

(1.1)

(5.0)

Net increase in cash, cash equivalents and restricted cash

17.0

0.1

Cash, cash equivalents and restricted cash at beginning of period

^[2]

87.5

87.4

Cash, cash equivalents and restricted cash at end of period

104.5

87.5

^[2]

Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation

Net cash (used in) provided by operating activities

(83.9)

(102.3)

Net cash (used in) provided by investing activities

(17.1)

(35.0)

Net decrease in short-term borrowings and overdraft

(7.1)

(5.5)

(18.0)

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

(15.3)

(5.4)

(1.6)

(3.6)

Net cash provided by (used in) financing activities

(0.6)

(1.2)

94.8

144.3

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

0.0

Net increase in cash, cash equivalents and restricted cash

(6.3)

7.0

Cash, cash equivalents and restricted cash at beginning of period

7.3

0.3

Cash, cash equivalents and restricted cash at end of period

1.0

7.3

Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries

Net cash (used in) provided by operating activities

1.9

(0.7)

Net cash (used in) provided by investing activities

(2.0)

(5.3)

Net decrease in short-term borrowings and overdraft

(3.7)

7.0

0.0

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

0.0

0.0

Net cash provided by (used in) financing activities

(0.1)

0.0

(3.8)

7.0

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

3.7

0.3

Net increase in cash, cash equivalents and restricted cash

(0.2)

1.3

Cash, cash equivalents and restricted cash at beginning of period

6.6

5.3

Cash, cash equivalents and restricted cash at end of period

6.4

6.6

Revlon Consumer Products Corporation | Reportable Legal Entities | Non-Guarantor Subsidiaries

Net cash (used in) provided by operating activities

13.7

(67.8)

Net cash (used in) provided by investing activities

21.2

(16.9)

Net decrease in short-term borrowings and overdraft

(6.5)

(2.6)

0.0

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

0.0

(4.3)

0.0

Net cash provided by (used in) financing activities

(0.2)

(6.7)

81.8

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

(4.8)

(5.3)

Net increase in cash, cash equivalents and restricted cash

23.6

(8.2)

Cash, cash equivalents and restricted cash at beginning of period

73.6

81.8

Cash, cash equivalents and restricted cash at end of period

97.2

73.6

Revlon Consumer Products Corporation | Eliminations

Net cash (used in) provided by operating activities

0.0

Net cash (used in) provided by investing activities

0.0

Net decrease in short-term borrowings and overdraft

0.0

0.0

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

0.0

0.0

Net cash provided by (used in) financing activities

0.0

0.0

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

0.0

Net increase in cash, cash equivalents and restricted cash

0.0

Cash, cash equivalents and restricted cash at beginning of period

0.0

Cash, cash equivalents and restricted cash at end of period

0.0

Amended 2016 Revolving Credit Facility | Revlon Consumer Products Corporation

Net (repayments) borrowings under the Amended 2016 Revolving Credit Facility

178.0

Amended 2016 Revolving Credit Facility | Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation

(62.6)

Net (repayments) borrowings under the Amended 2016 Revolving Credit Facility

178.0

Amended 2016 Revolving Credit Facility | Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries

(62.6)

Net (repayments) borrowings under the Amended 2016 Revolving Credit Facility

0.0

Amended 2016 Revolving Credit Facility | Revlon Consumer Products Corporation | Reportable Legal Entities | Non-Guarantor Subsidiaries

0.0

Net (repayments) borrowings under the Amended 2016 Revolving Credit Facility

0.0

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

0.0

Net (repayments) borrowings under the Amended 2016 Revolving Credit Facility

0.0

2019 Term Loan Facility | Revlon Consumer Products Corporation

0.0

Net Borrowings under the 2018 Foreign Asset-Based Term Loan

200.0

2019 Term Loan Facility | Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation

Net Borrowings under the 2018 Foreign Asset-Based Term Loan

200.0

2019 Term Loan Facility | Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries

Net Borrowings under the 2018 Foreign Asset-Based Term Loan

0.0

2019 Term Loan Facility | Revlon Consumer Products Corporation | Reportable Legal Entities | Non-Guarantor Subsidiaries

Net Borrowings under the 2018 Foreign Asset-Based Term Loan

0.0

2019 Term Loan Facility | Revlon Consumer Products Corporation | Eliminations

Net Borrowings under the 2018 Foreign Asset-Based Term Loan

$ 0.0

2018 Foreign Asset-Based Term Loan | Revlon Consumer Products Corporation

Net Borrowings under the 2018 Foreign Asset-Based Term Loan

88.9

2018 Foreign Asset-Based Term Loan | Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation

Net Borrowings under the 2018 Foreign Asset-Based Term Loan

0.0

2018 Foreign Asset-Based Term Loan | Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries

Net Borrowings under the 2018 Foreign Asset-Based Term Loan

0.0

2018 Foreign Asset-Based Term Loan | Revlon Consumer Products Corporation | Reportable Legal Entities | Non-Guarantor Subsidiaries

Net Borrowings under the 2018 Foreign Asset-Based Term Loan

88.9

2018 Foreign Asset-Based Term Loan | Revlon Consumer Products Corporation | Eliminations