0000887921-21-000003 | 10-K | XBRL Viewer

$ 1,904.3

$ 2,419.6

860.5

1,052.2

1,043.8

1,367.4

1,071.8

1,316.6

5.0

3.9

49.7

12.8

144.1

0.0

(0.5)

(26.6)

(226.3)

60.7

Other expenses:

Interest expense, net

243.3

196.6

26.8

14.6

Foreign currency gains, net

(43.1)

0.0

(6.0)

(1.9)

12.9

16.4

Loss from continuing operations before income taxes

233.9

225.7

(460.2)

(165.0)

Provision for income taxes

158.8

0.2

(Loss) income from continuing operations, net of taxes

(619.0)

(165.2)

0.0

7.5

Foreign currency translation adjustments

(619.0)

(157.7)

Other comprehensive income (loss):

^[1]

10.2

(2.9)

^[2],[3]

11.4

9.0

^[4]

(52.1)

(19.3)

^[5]

(30.5)

(13.2)

Basic and Diluted (loss) earnings per common share:

$ (649.5)

$ (170.9)

Continuing operations (in dollars per share)

$ (11.59)

$ (3.11)

Discontinued operations (in dollars per share)

0.14

Net loss (in dollars per share)

$ (11.59)

$ (2.97)

Weighted average number of common shares outstanding:

Basic (in shares)

53,401,324

53,081,321

Diluted (in shares)

53,401,324

53,081,321

$ 1,904.3

$ 2,419.6

860.5

1,052.2

1,043.8

1,367.4

1,064.6

1,308.7

5.0

3.9

49.7

12.8

144.1

0.0

(0.5)

(26.6)

(219.1)

68.6

Other expenses:

Interest expense, net

243.3

196.6

26.8

14.6

Foreign currency gains, net

(43.1)

0.0

(6.0)

(1.9)

12.9

16.4

Loss from continuing operations before income taxes

233.9

225.7

(453.0)

(157.1)

Provision for income taxes

140.5

1.6

(Loss) income from continuing operations, net of taxes

(593.5)

(158.7)

0.0

7.5

Foreign currency translation adjustments

(593.5)

(151.2)

Other comprehensive income (loss):

^[6]

10.2

(2.9)

^[7],[8]

11.4

9.0

^[9]

(52.1)

(19.3)

^[10]

(30.5)

(13.2)

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

$ (624.0)

$ (164.4)

[1]	Net of tax expense of nil and $1.8 million for the years ended December 31, 2020 and 2019, respectively.
[2]	Net of tax expense of nil and $1.1 million for the years ended December 31, 2020 and 2019, respectively.
[3]	This amount is included in the computation of net periodic benefit costs (income). See Note 11, "Pension and Post-Retirement Benefits," for additional information regarding net periodic benefit costs (income).
[4]	Net of tax benefit of $1.9 million and $5.2 million for the years ended December 31, 2020 and 2019, respectively.
[5]	See Note 14, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the years ended December 31, 2020 and 2019, respectively.
[6]	Net of tax expense of nil and $1.8 million for the years ended December 31, 2020 and 2019, respectively.
[7]	Net of tax expense of nil and $1.1 million for the years ended December 31, 2020 and 2019, respectively.
[8]	This amount is included in the computation of net periodic benefit costs (income). See Note 11, "Pension and Post-Retirement Benefits," for additional information regarding net periodic benefit costs (income).
[9]	Net of tax benefit of $1.9 million and $5.2 million for the years ended December 31, 2020 and 2019, respectively.
[10]	See Note 14, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the years ended December 31, 2020 and 2019, respectively.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Foreign currency translation adjustment, tax expense	$ 0	$ 1,800,000
Amortization of pension related costs, tax expense	0	1,100,000
Pension re-measurement, tax benefit	1,900,000	5,200,000
Revlon Consumer Products Corporation
Foreign currency translation adjustment, tax expense	0	1,800,000
Amortization of pension related costs, tax expense	0	1,100,000
Pension re-measurement, tax benefit	$ 1,900,000	$ 5,200,000

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

12 Months Ended

Dec. 31, 2020

Dec. 31, 2019

Treasury stock acquired, at cost

$ (1,221.2)

$ (1,056.8)

^[1]

(1.7)

(1.6)

10.4

8.1

(619.0)

(157.7)

^[2]

(30.5)

(13.2)

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

(1,862.0)

(1,221.2)

Common Stock

0.5

Additional Paid-In Capital

0.5

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

1,071.9

1,063.8

10.4

8.1

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

1,082.3

1,071.9

Treasury Stock

Treasury stock acquired, at cost

(33.5)

(31.9)

^[1]

(1.7)

(1.6)

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

(35.2)

(33.5)

Accumulated Deficit

(2,012.7)

(1,855.0)

(619.0)

(157.7)

Accumulated Other Comprehensive (Loss) Income

(2,631.7)

(2,012.7)

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

(247.4)

(234.2)

^[2]

(30.5)

(13.2)

(277.9)

(247.4)

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

(1,089.4)

(933.1)

10.4

8.1

(593.5)

(151.2)

^[3]

(30.5)

(13.2)

Revlon Consumer Products Corporation | Preferred Stock

(1,703.0)

(1,089.4)

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]

996.5

988.4

10.4

8.1

Revlon Consumer Products Corporation | Accumulated Deficit

1,006.9

996.5

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

(1,893.1)

(1,741.9)

(593.5)

(151.2)

Revlon Consumer Products Corporation | Accumulated Other Comprehensive (Loss) Income

(2,486.6)

(1,893.1)

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

(247.4)

(234.2)

^[3]

(30.5)

(13.2)

$ (277.9)

$ (247.4)

[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 148,620 and 92,260 shares of Revlon Class A Common Stock during the years ended December 31, 2020 and 2019, respectively, to satisfy certain minimum statutory tax withholding requirements related to the vesting of restricted shares and restricted stock units ("RSUs") 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 $10.98 and $17.75 during the years ended December 31, 2020 and 2019, 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 approximately $1.7 million and $1.6 million during the years ended December 31, 2020 and 2019, respectively. See Note 12, "Stock Compensation Plan," for details regarding restricted stock awards and RSUs under the Stock Plan.
[2]	See Note 14, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the years ended December 31, 2020 and 2019, respectively.
[3]	See Note 14, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the years ended December 31, 2020 and 2019, respectively.

CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIENCY (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Tax withholdings related to net share settlements of restricted stock units and awards	$ 1.7	$ 1.6
Treasury Stock
Shares withheld for withholding taxes (in shares)	148,620	92,260
Restricted Stock and Restricted Stock Units \| Treasury Stock \| Class A Common Stock
Share repurchase price (in dollars per share)	$ 10.98	$ 17.75

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

12 Months Ended

Dec. 31, 2020

Dec. 31, 2019

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

$ (619.0)

$ (157.7)

Depreciation and amortization

143.3

162.9

Foreign currency (gains) losses from re-measurement

(6.0)

(1.9)

Amortization of debt discount

1.4

1.6

10.4

8.1

Provision (benefit) from deferred income taxes

144.1

0.0

152.8

(29.8)

26.8

14.6

Pension and other post-retirement cost

(0.5)

(26.6)

4.0

7.2

Paid-in-kind interest expense on the 2020 BrandCo Facilities

(43.1)

0.0

10.8

0.0

Change in assets and liabilities:

Decrease (increase) in trade receivables

76.7

9.3

(Increase) decrease in inventories

(8.4)

74.5

Decrease (increase) in prepaid expenses and other current assets

8.0

16.8

(Decrease) increase in accounts payable

(53.1)

(73.2)

(Decrease) increase in accrued expenses and other current liabilities

(9.9)

(42.4)

Increase (decrease) in deferred revenue

71.6

0.0

Pension and other post-retirement plan contributions

(9.8)

(12.1)

Purchases of permanent displays

(30.8)

(46.2)

Other, net

33.4

26.6

Net cash used in operating activities

(97.3)

(68.3)

Proceeds from the sale of certain assets

Capital expenditures

(10.3)

(29.0)

0.0

31.1

Net cash (used in) provided by investing activities

(10.3)

2.1

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

4.3

(17.3)

Tax withholdings related to net share settlements of restricted stock and RSUs

(122.0)

(15.3)

(1.7)

(1.6)

Net cash provided by (used in) financing activities

(0.3)

(0.9)

102.5

84.3

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

3.1

(1.1)

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

(2.0)

17.0

Cash, cash equivalents and restricted cash at beginning of period

^[1]

104.5

87.5

Cash, cash equivalents and restricted cash at end of period

^[1]

102.5

104.5

Cash paid during the period for:

Interest

238.6

194.6

Income taxes, net of refunds

18.6

9.9

Supplemental schedule of non-cash investing and financing activities:

Non-cash roll-up of participating lenders from the 2016 Term Loan Facility to the 2020 BrandCo Facilities

846.0

0.0

Paid-in-kind interest capitalized to the 2020 BrandCo Facilities

9.6

0.0

2020 BrandCo Term Loan Facility due 2025

Supplemental schedule of non-cash investing and financing activities:

880.0

0.0

29.1

0.0

5.75% Senior Notes

Amended 2016 Revolving Credit Facility due 2021

(281.4)

0.0

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

(133.5)

(62.6)

2019 Term Loan Facility

^[2]

(200.0)

2018 Foreign Asset-Based Term Loan

^[2]

200.0

(31.4)

0.0

2016 Term Loan Facility

Supplemental schedule of non-cash investing and financing activities:

(11.5)

(18.0)

B-2 Loans

17.5

0.0

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

(593.5)

(151.2)

Depreciation and amortization

143.3

162.9

Foreign currency (gains) losses from re-measurement

(6.0)

(1.9)

Amortization of debt discount

1.4

1.6

10.4

8.1

Provision (benefit) from deferred income taxes

144.1

0.0

134.9

(30.0)

26.8

14.6

Pension and other post-retirement cost

(0.5)

(26.6)

4.0

7.2

Paid-in-kind interest expense on the 2020 BrandCo Facilities

(43.1)

0.0

10.8

0.0

Change in assets and liabilities:

Decrease (increase) in trade receivables

76.7

9.3

(Increase) decrease in inventories

(8.4)

74.5

Decrease (increase) in prepaid expenses and other current assets

(0.9)

7.4

(Decrease) increase in accounts payable

(53.1)

(73.2)

(Decrease) increase in accrued expenses and other current liabilities

(9.9)

(39.3)

Increase (decrease) in deferred revenue

71.6

0.0

Pension and other post-retirement plan contributions

(9.8)

(12.1)

Purchases of permanent displays

(30.8)

(46.2)

Other, net

34.7

26.6

Net cash used in operating activities

(97.3)

(68.3)

Proceeds from the sale of certain assets

Capital expenditures

(10.3)

(29.0)

0.0

31.1

Net cash (used in) provided by investing activities

(10.3)

2.1

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

4.3

(17.3)

Tax withholdings related to net share settlements of restricted stock and RSUs

(122.0)

(15.3)

(1.7)

(1.6)

Net cash provided by (used in) financing activities

(0.3)

(0.9)

102.5

84.3

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

3.1

(1.1)

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

(2.0)

17.0

Cash, cash equivalents and restricted cash at beginning of period

^[3]

104.5

87.5

Cash, cash equivalents and restricted cash at end of period

^[3]

102.5

104.5

Cash paid during the period for:

Interest

238.6

194.6

Income taxes, net of refunds

18.6

9.9

Supplemental schedule of non-cash investing and financing activities:

Non-cash roll-up of participating lenders from the 2016 Term Loan Facility to the 2020 BrandCo Facilities

846.0

0.0

Paid-in-kind interest capitalized to the 2020 BrandCo Facilities

9.6

0.0

Revlon Consumer Products Corporation | 2020 BrandCo Term Loan Facility due 2025

Supplemental schedule of non-cash investing and financing activities:

880.0

0.0

Revlon Consumer Products Corporation | 5.75% Senior Notes

29.1

0.0

Revlon Consumer Products Corporation | Amended 2016 Revolving Credit Facility due 2021

(281.4)

0.0

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

(133.5)

(62.6)

Revlon Consumer Products Corporation | 2019 Term Loan Facility

^[4]

(200.0)

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

^[4]

200.0

Revlon Consumer Products Corporation | 2016 Term Loan Facility

(31.4)

0.0

Revlon Consumer Products Corporation | B-2 Loans

(11.5)

(18.0)

Supplemental schedule of non-cash investing and financing activities:

Organization, Consolidation and Presentation of Financial Statements [Abstract]

$ 17.5

$ 0.0

[1]	These amounts include restricted cash of $5.4 million and $0.2 million as of December 31, 2020 and 2019, respectively. The balance as of December 31, 2020 represents: (i) cash on deposit in lieu of a mandatory prepayment under the 2018 Foreign Asset-Based Term Facility; and (ii) cash on deposit to support outstanding undrawn letters of credit. The balance as of December 31, 2019 represents: (i) cash on deposit in lieu of a mandatory prepayment under the 2018 Foreign Asset-Based Term Facility; and (ii) cash on deposit to support outstanding undrawn letters of credit. These balances were included within prepaid expenses and other current assets and other assets in the Company's Consolidated Balance Sheets as of December 31, 2020 and December 31, 2019, respectively.
[2]	The Company fully repaid the 2019 Term Loan Facility in May 2020.
[3]	These amounts include restricted cash of $5.4 million and $0.2 million as of December 31, 2020 and 2019, respectively, The balance as of December 31, 2020 represents: (i) cash on deposit in lieu of a mandatory prepayment under the 2018 Foreign Asset-Based Term Facility; and (ii) cash on deposit to support outstanding undrawn letters of credit. The balance as of December 31, 2019 represents: (i) cash on deposit in lieu of a mandatory prepayment under the 2018 Foreign Asset-Based Term Facility; and (ii) cash on deposit to support outstanding undrawn letters of credit. These balances were included within prepaid expenses and other current assets and other assets in the Company's Consolidated Balance Sheets as of December 31, 2020 and December 31, 2019, respectively
[4]	The Company fully repaid the 2019 Term Loan Facility in May 2020.

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Restricted cash	$ 5.4	$ 0.2
5.75% Senior Notes due 2021
Stated interest rate (as a percent)	5.75%
Revlon Consumer Products Corporation
Restricted cash	$ 5.4	$ 0.2
Revlon Consumer Products Corporation \| 5.75% Senior Notes due 2021
Stated interest rate (as a percent)	5.75%

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2020

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 Products 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. For further information, refer to Note 16, "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 2020 and 2019 included $7.2 million and $7.9 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. In management's opinion, all adjustments necessary for a fair presentation of the Company's financial information have been made.

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.

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 $15.2 million and $13.3 million of outstanding checks not yet presented for payment at December 31, 2020 and 2019, 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,
	2020		2019
Cash and cash equivalents	$	97.1	$	104.3
Restricted cash(a)	5.4		0.2
Total cash, cash equivalents and restricted cash	$	102.5	$	104.5

(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 41% and 33% of the Company's outstanding trade receivables at December 31, 2020 and 2019, 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 5, "Property, Plant and Equipment," for further discussion.

Included in other assets are permanent wall displays amounting to $82.2 million and $101.0 million as of December 31, 2020 and 2019, respectively, which are amortized generally over a period of 1 to 3 years. In the event of product discontinuances, from time-to-time, the Company may accelerate the amortization of related permanent wall displays based on the estimated remaining useful life of the asset. Amortization expense for permanent wall displays was $50.1 million and $55.6 million for 2020 and 2019, 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, 2020 and 2019, respectively.

Deferred Financing Costs

The Company capitalizes financing costs and amortizes such costs over the terms of the related debt instruments using the effective-interest method. Capitalized financing costs were $119.3 million and nil during 2020 and 2019, 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 5, "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.

In accordance with ASC Topic 350, “Intangibles – Goodwill and Other,” the Company performs its annual impairment test during the fourth quarter of each year. The Company also reviews goodwill for impairment whenever events or changes in circumstances indicate that the carrying value of its goodwill may not be recoverable. After the close of each interim quarter, management assesses whether there exists any indicators of impairment requiring the Company to perform an interim goodwill impairment analysis.

In performing its goodwill impairment assessments, the Company uses the simplified approach allowed under ASU No. 2017-04, "Simplifying the Test for Goodwill Impairment." Following the results of such assessments, the Company records non-cash impairment charges in the amount by which the carrying value of each reporting unit exceeded its respective fair value, limited to the amount of each reporting unit's goodwill. Impairment charges are included as a separate component of operating income within the "Impairment charges" caption on the face of the Company's Consolidated Statement of Operations and Comprehensive Loss for the applicable quarter-to-date and year-to-date periods.

During 2020, the Company performed interim goodwill impairment analyses during the first, second and third quarters of the year, which resulted in the recognition of $99.8 million and $11.2 million of non-cash goodwill impairment charges in the first and second quarter of 2020, respectively, as further specified in Note 6, "Goodwill and Intangible Assets, Net".

For 2020, in assessing whether goodwill was impaired in connection with its annual impairment testing performed during the fourth quarter of 2020 using October 1, 2020 carrying values, the Company, in accordance with Financial Accounting

Standards Board ("FASB"), Accounting Standard Codification ("ASC") 350, Intangibles - Goodwill and Other ("ASC 350"), performed a qualitative assessment for its Revlon reporting unit and quantitative assessments for its (i) Elizabeth Arden Skin and Color, (ii) Elizabeth Arden Fragrances, (iii) Fragrances, and (iv) Professional Portfolio reporting units. As further specified in Note 6, "Goodwill", the Mass Portfolio reporting unit no longer has any goodwill associated with it starting from the second quarter of 2020.

For 2019, the Company did not have any goodwill impairment charges.

See Note 6, "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 1st 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.

During 2020, in connection with the interim goodwill impairment assessments during the first, second and third quarters of 2020, the Company also reviewed indefinite-lived and finite-lived intangible assets for impairment. These interim reviews resulted in no interim impairment charges in connection with the carrying value of any of the Company's finite-lived intangible assets and in $24.5 million and $8.6 million of interim non-cash impairment charges in the first and second quarter of 2020, respectively, in connection with the Company's indefinite-lived intangible assets, as further specified in Note 6, "Goodwill and Intangible Assets, Net".

For 2020 and 2019, 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 6, "Goodwill and Intangible Assets, Net," for further discussion of the Company's intangible assets, including a summary of finite-lived and indefinite-lived intangible assets.

Revenue Recognition and Sales Returns

The Company follows ASU No. 2014-09, "Revenue from Contracts with Customers". In accordance with the 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.

See Note 16, "Segment Data and Related Information," for additional disclosures related to ASU No. 2014-09, "Revenue from Contracts with Customers".

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 $332.1 million and $446.8 million for 2020 and 2019, 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 $106.9 million and $135.7 million for 2020 and 2019, 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 13, "Income Taxes," for additional disclosures.

Research and Development

Research and development expenditures are expensed as incurred and included within SG&A expenses. The amounts charged in 2020 and 2019 for research and development expenditures were $29.3 million and $40.3 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 17, "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.

Liquidity and Ability to Continue as a Going Concern

The ongoing and prolonged COVID-19 pandemic has continued to adversely impact the Company’s business in 2020 and beyond, as social-distancing restrictions and related actions designed to curb the spread of the virus have remained in place or have been reinstated as the COVID-19 pandemic spikes across the globe. These adverse economic conditions have resulted in the general slowdown of the global economy, in turn contributing to a significant decline in net sales within each of the Company’s reporting segments and regions.

On October 23, 2020, Products Corporation commenced an amended exchange offer (as amended, the “Exchange Offer”) to exchange any and all of its outstanding 5.75% Senior Notes due 2021 (the “5.75% Senior Notes”), which closed on November 13, 2020. In the Exchange Offer, for each $1,000 principal amount of 5.75% Senior Notes validly tendered, holders received either, at their option, (i) $275 in cash (plus a $50 early tender/consent fee payable if such 5.75% Senior Notes were tendered at or before 11:59 p.m. New York City time on November 10, 2020 (the “Expiration Time”)), for an aggregate of $325 in cash (the “Cash Consideration”), or (ii) if the holder was an Eligible Holder, a combination of (1) $200 in cash (plus a $50 early tender/consent fee payable if such 5.75% Senior Notes were tendered at or before the Expiration Time), for an aggregate of $250 in cash, plus, (2) (A) the Per $1,000 Pro Rata Share (as hereinafter defined) of $50 million aggregate principal amount of new 2020 ABL FILO Term Loans (as hereinafter defined) and (B) the Per $1,000 Pro Rata Share of $75 million aggregate principal amount of the New BrandCo Second-Lien Term Loans (the “Mixed Consideration”). A holder was considered an “Eligible Holder” if the holder was: (a)(i) a qualified institutional buyer as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”); (ii) an institutional accredited investor within the meaning of Rule 501(a)(1), (a)(2),

(a)(3) or (a)(7) of the Securities Act; or (iii) a person that is not a “U.S. person” within the meaning of Regulation S under the Securities Act, (b) not a natural person and (c) not a “Disqualified Institution” (as defined under the Amended 2016 Revolving Credit Facility (as hereinafter defined) and related security documents and intercreditor agreements or the 2020 BrandCo Term Loan Facility (as hereinafter defined) and related security documents and intercreditor agreements). The “Per $1,000 Pro Rata Share” is (1) $1,000, divided by (2) the aggregate principal amount of 5.75% Senior Notes tendered for Mixed Consideration by all Eligible Holders and accepted for payment by Products Corporation.

On November 13, 2020, the Company announced that the Exchange Offer was successfully consummated and that Products Corporation had accepted $236 million in aggregate principal amount of 5.75% Senior Notes tendered in the Exchange Offer. Products Corporation used cash on hand to redeem, effective as of November 13, 2020, the remaining $106.8 million in aggregate principal amount of 5.75% Senior Notes pursuant to the terms of the indenture governing the 5.75% Senior Notes. Following the consummation of the Exchange Offer and the satisfaction and discharge of the remaining 5.75% Senior Notes, no 5.75% Senior Notes remained outstanding.

On March 8, 2021, the Company amended its Amended 2016 Revolving Credit Facility to, among other things, extend the maturity date of the revolving facility thereunder from September 7, 2021 to June 8, 2023. Additionally, on March 2, 2021, the Company refinanced its 2018 Foreign Asset-Based Term Facility that was scheduled to mature on July 9, 2021 with a $75 million asset-based term loan facility with a scheduled maturity date of March 2, 2024, subject to a springing maturity date of August 1, 2023 if, on such date, any principal amount of loans under the 2016 Term Loan Agreement due September 7, 2023 remain outstanding. For further details of these financing transactions, see Note 21, “Subsequent Events”.

Each reporting period, the Company assesses its ability to continue as a going concern for one year from the date the financial statements are issued. At December 31, 2020, the Company had a liquidity position of $249.9 million, consisting of: (i) $97.1 million of unrestricted cash and cash equivalents (with approximately $89.8 million held outside the U.S.); (ii) $168.0 million in available borrowing capacity under Products Corporation's Amended 2016 Revolving Credit Facility (which had $188.9 million drawn at such date); and less (iii) approximately $15.2 million of outstanding checks. The Company's evaluation includes its ability to meet its future contractual obligations and other conditions and events that may impact its liquidity.

The uncertainty as to Products Corporation’s ability to extend or refinance the Amended 2016 Revolving Credit Facility raised substantial doubt about the Company’s ability to continue as a going concern as of the end of the third quarter of 2020. As a result of the transactions that were completed during the fourth quarter of 2020 and the first quarter of 2021, substantial doubt about the Company’s ability to continue as a going concern no longer exists. However, the Company continues to focus on cost reduction and risk mitigation actions to address both the ongoing and prolonged impacts from the COVID-19 pandemic as well as other risks in the business environment. It expects to generate additional liquidity through continued actions related to the Revlon 2020 Restructuring Program and other cost control initiatives as well as funds provided by selling certain assets or other strategic transactions in connection with the Company's ongoing Strategic Review. If sales continue to decline, the Company’s cost control initiatives may include reductions in discretionary spend and reductions in investments in capital and permanent displays. Management believes that the recent successful closing of the Exchange Offer and the other recent debt activities, along with existing cash and cash equivalents and cost control initiatives provides the Company with sufficient liquidity to meet its obligations and maintain business operations for the next twelve months.

However, there can be no assurance that available funds will be sufficient to meet the Company’s cash requirements on a consolidated basis, as, among other things, the Company’s liquidity can be impacted by a number of factors, including its level of sales, costs and expenditures, as well as accounts receivable and inventory, which serve as the principal variables impacting the amount of liquidity available under the Amended 2016 Revolving Credit Facility and the 2018 Foreign Asset-Based Term Facility. For example, subject to certain exceptions, loans under the 2018 Foreign Asset-Based Term Facility must be prepaid to the extent that outstanding loans exceed the borrowing base, consisting of accounts receivable and inventory.

Recent Transactions

On December 22, 2020, certain of the Company's subsidiaries and Helen of Troy Limited (the “Licensee”) entered into a Trademark License Agreement (the “License Agreement”) to combine and revise the existing licenses that are in place between the parties. The License Agreement grants the Licensee the exclusive right to use the “Revlon” brand in connection with the manufacture, display, advertising, promotion, labeling, sale, marketing and distribution of certain hair and grooming products until December 31, 2060 (with 3 additional 20-year renewal periods) in exchange for a one-time, upfront cash fee of $72.5 million, which is included as deferred revenue within Other long-term liabilities and Accrued expenses and other current

liabilities on the Company's Consolidated Balance Sheets. The deferred revenue will be amortized to royalty income within "Net Sales" on the Company's Consolidated Statement of Operations over a period of 26 years, estimated based on the point in time in which 90% of the total discounted cash flows is captured.

Recently Evaluated and/or Adopted Accounting Pronouncements

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 fiscal years ending after December 15, 2020. The Company adopted this guidance (on a retrospective basis for certain new additional disclosures), as of December 31, 2020. This pronouncement only affects disclosure items and has no impact on the Company’s results of operations, financial condition and/or financial statement disclosures.

In August 2018, the FASB issued Accounting Standard Update ("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 adoption of this new guidance did not have a material impact on the Company’s results of operations, financial condition and/or financial statement disclosures.

Recently Issued Accounting Pronouncements

In March 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." The new guidance under ASU 2020-04 provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts and hedging relationships that reference LIBOR or another reference rate expected to be discontinued due to reference rate reform. These amendments are effective immediately and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. The Company is in the process of assessing the impact, if any, that ASU No. 2020-04 is expected to have on the Company’s results of operations, financial condition and/or financial statement disclosures.

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, calculating income taxes in interim periods and how a company accounts for future events. 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. After reviewing this ASU, the Company will adopt this guidance beginning as of January 1, 2021. The Company completed its assessment of the possible effects of this ASU upon its implementation and determined that it is not expected to have significant impacts 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. 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, 2020

Restructuring and Related Activities [Abstract]

RESTRUCTURING CHARGES

Revlon 2020 Restructuring Program

Building upon its previously completed 2018 Optimization Program, in March 2020 the Company announced that it was 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 975 positions worldwide, including approximately 625 current employees and approximately 350 open positions of which approximately 915 were eliminated by December 31, 2020. In March 2020, the Company began informing certain employees that were 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 substantially completed the employee-related actions in 2020 and expects to complete the other consolidation and outsourcing actions during 2021 and 2022.

In connection with implementing the Revlon 2020 Restructuring Program, the Company recognized during 2020 $68.8 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. The Company expects that substantially all of the restructuring and related charges under the Revlon 2020 Restructuring Program will be paid in cash, with $51.5 million of the total charges paid in 2020, with the remaining balance expected to be paid after 2020.

A summary of the 2020 Restructuring Charges incurred since its inception in March 2020 and through December 31, 2020 is presented in the following table:



	Restructuring Charges and Other, Net
	Employee Severance and Other Personnel Benefits		Other Costs		Total Restructuring Charges		Leases (a)		Other Related Charges (b)		Total Restructuring and Related Charges

Cumulative charges incurred through December 31, 2020	$	48.6	$	1.9	$	50.5	$	12.6	$	5.7	$	68.8

(a) Lease-related charges are recorded within SG&A in the Company’s Consolidated Statement of Operations and Comprehensive Loss. These lease-related charges include: (i) $3.5 million for accelerated recognition of rent expense related to certain abandoned leases; (ii) $3.0 million for the disposal of leasehold improvements and other equipment in connection with certain leases; (iii) $5.2 million of rent expense related to the Revlon 2020 Restructuring Program; and (iv) $0.9 million of disposal of leasehold improvements and other equipment in connection with the abandoned leases identified in clause (i) of this footnote (a).

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

A summary of the 2020 Restructuring Charges incurred since its inception in March 2020 and through December 31, 2020 by reportable segment is presented in the following table:



	Cumulative charges incurred through December 31, 2020
Revlon	$	20.7
Elizabeth Arden	9.4
Portfolio	13.6
Fragrances	6.8
Total	$	50.5

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, 2020, restructuring and related charges under the 2018 Optimization Program expected to be paid in cash are approximately $31.8 million of the total $39.7 million of recorded charges, of which $30.7 million were already paid since the inception of the program and through December 31, 2020, with any residual balance expected to be paid during 2021.

A summary of the 2018 Optimization Restructuring Charges incurred since its inception in November 2018 and through December 31, 2020 is presented in the following table:



	Restructuring Charges and Other, Net
	Employee Severance and Other Personnel Benefits(a)		Other Costs		Total Restructuring Charges		Inventory Adjustments(b)		Other Related Charges(c)		Total Restructuring and Related Charges
Charges incurred through December 31, 2019	$	20.3	$	0.3	$	20.6	$	4.9	$	14.0	$	39.5
Charges incurred during the year ended December 31, 2020	(0.6)		—		(0.6)		—		0.8		0.2
Cumulative charges incurred through December 31, 2020	$	19.7	$	0.3	$	20.0	$	4.9	$	14.8	$	39.7

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

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

(c) 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, 2020 by reportable segment is presented in the following table:



	Charges incurred during the year ended December 31, 2020		Cumulative charges incurred through December 31, 2020
Revlon	$	(0.3)	$	8.5
Elizabeth Arden	(0.1)		4.2
Portfolio	(0.1)		3.9
Fragrances	(0.1)		3.4
Total	$	(0.6)	$	20.0

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, 2020		Expense, Net		Foreign Currency Translation		Cash		Non-cash		Liability Balance at December 31, 2020
Revlon 2020 Restructuring Program:
Employee severance and other personnel benefits	$	—	$	48.6	$	—	$	(36.0)	$	—	$	12.6
Other	—		1.9		—		(1.9)		—		—
Total Revlon 2020 Restructuring Program	—		50.5		—		(37.9)		—		12.6

2018 Optimization Program:
Employee severance and other personnel benefits	5.7		(0.6)		—		(4.0)		—		1.1

Total 2018 Optimization Program	5.7		(0.6)		—		(4.0)		—		1.1









Other immaterial actions:(a)
Employee severance and other personnel benefits	4.3		(0.2)		0.2		(4.2)		—		0.1


Total restructuring reserve	$	10.0	$	49.7	$	0.2	$	(46.1)	$	—	$	13.8

(a) The balance of other immaterial restructuring initiatives primarily consists of balances outstanding under the EA Integration Restructuring Program implemented by the Company in December 2016, which was completed by December 2018. The reversal of charges and payments made during the year ended December 31, 2020 primarily related to other individually and collectively immaterial restructuring initiatives.


							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 5, "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.

As of December 31, 2020 and 2019, all of the restructuring reserve balances were included within accrued expenses and other current liabilities in the Company's Consolidated Balance Sheets.

INVENTORIES

12 Months Ended

Dec. 31, 2020

Inventory Disclosure [Abstract]

INVENTORIES

The Company's net inventory balances consisted of the following:


	December 31,
	2020		2019
Finished goods	$	356.7	$	326.5
Raw materials and supplies	97.1		110.4
Work-in-process	8.8		11.5
	$	462.6	$	448.4

PREPAID EXPENSES AND OTHER

12 Months Ended

Dec. 31, 2020

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

PREPAID EXPENSES AND OTHER

The Company's prepaid expenses and other balances were as follows:


	December 31,
	2020		2019
Prepaid expenses	$	66.7	$	68.9
Taxes (a)	36.1		40.4
Other	31.6		26.0
	$	134.4	$	135.3

(a) Taxes for Products Corporation as of December 31, 2020 and December 31, 2019 were $32.1 million and $36.5 million, respectively.

PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

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



	December 31,
	2020		2019
Land and improvements	$	11.4	$	10.8
Building and improvements	48.3		51.6
Machinery and equipment	98.7		114.7
Office furniture, fixtures and capitalized software	76.2		100.3
Leasehold improvements	21.3		24.5
Construction-in-progress	9.1		14.0
Right-of-Use assets	87.0		92.7
Property, plant and equipment and Right-of-Use assets, net	$	352.0	$	408.6

Depreciation and amortization expense on property, plant and equipment and right-of-use assets for December 31, 2020 and December 31, 2019 was $76.3 million and $86.4 million, respectively. Accumulated depreciation and amortization was $528.9 million and $488.1 million as of December 31, 2020 and December 31, 2019, respectively.

Leases

The Company 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 the Company’s real estate leases, in terms of total undiscounted payments, are located in the U.S.

At the effective date of January 1, 2019, the Company adopted ASU No. 2016-02 using a modified retrospective approach applying the standard’s transition provisions provided by such ASU. Refer to Note 1, "Description of Business and Summary of Significant Accounting Policies," in the 2019 Form 10-K for additional information regarding the Company's adoption of ASU No. 2016-02.

Impairment Considerations

During the first, second and third quarter of 2020, as a result of COVID-19’s impact on the Company’s operations, the Company considered whether indicators of impairment existed for its Property, Plant and Equipment ("PP&E"), including its Right-of-Use ("ROU") assets consisting of the Company's leases as described above. The Company also considered whether indicators of impairment on its PP&E existed as of December 31, 2020.

In accordance with ASC Topic 360, "Property, Plant and Equipment," for purposes of recognition and measurement of an impairment loss, long-lived assets are grouped with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. An impairment loss is recognized only if the carrying amount of a long-lived asset and/or asset group is not recoverable and exceeds its fair value. The carrying amount of a long-lived asset and/or asset group is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the long-lived asset and/or asset group and the impairment loss is measured as the amount by which the carrying amount of a long-lived asset and/or asset group exceeds its fair value. In performing such review, the Company considers several indicators of impairment, including, among other factors, the following: (i) whether there exists any significant adverse change in the extent or manner in which a long-lived asset and/or asset group is being used; (ii) whether there exists any projection or forecast demonstrating losses associated with the use of a long-lived asset and/or asset group; and (iii) whether there exists a current expectation that, more likely than not, a long-lived asset and/or asset group will be sold or otherwise disposed of significantly before the end of its previously-estimated useful life.

Following its interim assessments during 2020, as well as its year-end assessment as of December 31, 2020, the Company concluded that the carrying amounts of its PP&E, including its lease ROU assets, were not impaired as of December 31, 2020.

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


	Year Ended
	December 31, 2020			December 31, 2019
Lease Cost:
Finance Lease Cost:
Amortization of ROU assets	$	0.3		$	0.3
Interest on lease liabilities	0.1			0.2
Operating Lease Cost	38.9			41.7
Total Lease Cost	$	39.3		$	42.2

Other Information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	0.1			0.2
Operating cash flows from operating leases	36.3			39.4
Financing cash flows from finance leases	0.2			0.8

	December 31, 2020			December 31, 2019
ROU assets for finance leases	0.6			1.0
ROU assets for operating leases	86.3			91.4
Accumulated amortization on ROU assets for finance leases	0.6			0.3
Accumulated amortization on ROU assets for operating leases	39.9			23.2

Weighted-average remaining lease term - finance leases	2.1 years			2.8 years
Weighted-average remaining lease term - operating leases	6.5 years			6.2 years

Weighted-average discount rate - finance leases	15.0		%	15.6		%
Weighted-average discount rate - operating leases	15.8		%	15.8		%

Maturities of lease liabilities as of December 31, 2020 were as follows:


	Operating Leases		Finance Leases
2021	$	36.5	$	0.5
2022	27.7		0.3
2023	22.9		—
2024	18.8		—
2025	13.7		—
Thereafter	52.7		—
Total undiscounted cash flows	$	172.3	$	0.8

Present value:
Short-term lease liability	$	16.3	$	0.3
Long-term lease liability	86.6		0.3
Total lease liability	$	102.9	$	0.6
Difference between undiscounted cash flows and discounted cash flows	$	69.4	$	0.2

GOODWILL AND INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS, NET

2020 Interim Goodwill Assessments

As of March 31, 2020, June 30, 2020 and September 30, 2020, as a result of COVID-19’s impact on the Company’s operations, the Company determined that indicators of potential impairment existed requiring the Company to perform interim goodwill impairment analyses. These indicators included a deterioration in the general economic conditions, adverse developments in equity and credit markets, deterioration in some of the economic channels in which the Company's operates (especially in the mass retail channel), the recent trading values of the Company's capital stock and the corresponding decline in the Company’s market capitalization and the revision of the Company's internal forecasts as a result of the ongoing and prolonged COVID-19 pandemic.

For its first and second quarter of 2020 interim assessments, the Company examined and performed quantitative interim goodwill impairment assessments for all its reporting units, namely: (i) Revlon; (ii) Elizabeth Arden Skin and Color; (iii) Elizabeth Arden Fragrances; (iv) Fragrances; (v) Mass Portfolio; and (vi) Professional Portfolio.

For the first quarter of 2020, as of March 31, 2020:

•The Company determined that it was more likely than not that the fair values of each of its: (i) Revlon; (ii) Elizabeth Arden Skin and Color; and (iii) Fragrances reporting units exceeded their respective carrying amounts for the first quarter of 2020. As of March 31, 2020, prior to the recording of any impairment charges, the Revlon, Elizabeth Arden Skin and Color and Fragrances reporting units had goodwill balances of $264.7 million, $67.4 million and $120.8 million, respectively; and

•The Company also determined that indicators of impairment existed for each of its: (i) Elizabeth Arden Fragrances; (ii) Mass Portfolio; and (iii) Professional Portfolio reporting units. Accordingly, for the three months ended March 31, 2020, the Company recognized a total of $99.8 million of non-cash goodwill impairment charges consisting of: $54.3 million and $19.6 million for the Mass Portfolio and Professional Portfolio reporting units, respectively, within the Company's Portfolio segment and $25.9 million for the Elizabeth Arden Fragrances reporting unit within the Company's Elizabeth Arden segment. Following the recognition of these non-cash goodwill impairment charges, as of March 31, 2020, the Elizabeth Arden Fragrances, Mass Portfolio and Professional Portfolio reporting units had approximately $23.5 million, nil and $97.2 million, respectively, in remaining goodwill.

For the second quarter of 2020, as of June 30, 2020:

for the second quarter of 2020. As of June 30, 2020, prior to the recording of any impairment charges, the Revlon, Elizabeth Arden Skin and Color and Fragrances reporting units had goodwill balances of $264.9 million, $67.4 million and $120.8 million, respectively; and

•Primarily due to the continued worldwide effects of the ongoing and prolonged COVID-19 pandemic, the Company also determined that indicators of impairment existed for each of its: (i) Elizabeth Arden Fragrances; and (ii) Professional Portfolio reporting units. Accordingly, for the three months ended June 30, 2020, the Company recognized a total of $11.2 million of non-cash goodwill impairment charges consisting of: $9.6 million for the Professional Portfolio reporting unit within the Company's Portfolio segment and $1.6 million for the Elizabeth Arden Fragrances reporting unit within the Company's Elizabeth Arden segment. Following the recognition of these non-cash goodwill impairment charges, as of June 30, 2020, the Elizabeth Arden Fragrances and Professional Portfolio reporting units had approximately $22.0 million and $87.6 million, respectively, in remaining goodwill.

For its third quarter of 2020 interim assessment, the Company, in accordance with ASC 350, performed qualitative analyses for its (i) Revlon; (ii) Elizabeth Arden Skin and Color; (iii) Elizabeth Arden Fragrances; (iv) Professional Portfolio; and (v) Fragrances reporting units. As discussed above, the Mass Portfolio reporting unit's goodwill was written down to nil during the first quarter of 2020. In performing its third quarter of 2020 qualitative interim goodwill assessment, the Company considered, among other factors, the financial performance of each of its reporting units, the Company's revised expected future cash flows as affected by the ongoing and prolonged COVID-19 pandemic, as well as the results of the second quarter of 2020 quantitative interim analysis.

For the third quarter of 2020, as of September 30, 2020:

•The Company, in accordance with ASC 350, performed qualitative analyses for its: (i) Revlon; (ii) Elizabeth Arden Skin and Color; (iii) Elizabeth Arden Fragrances; (iv) Professional Portfolio; and (v) Fragrances reporting units; and

•Based upon such assessment, the Company determined that it was more likely than not that the fair value of each of its previously mentioned reporting units exceeded their respective carrying amounts as of September 30, 2020. Consequently, no impairment changes were recognized during the three months ended September 30, 2020.

2020 Annual Goodwill Impairment Testing

In assessing whether goodwill was impaired in connection with its annual impairment testing performed during the fourth quarter of 2020 using October 1, 2020 carrying values, the Company, in accordance with ASC 350, performed a qualitative assessment for its Revlon reporting unit and quantitative assessments for its (i) Elizabeth Arden Skin and Color, (ii) Elizabeth Arden Fragrances, (iii) Fragrances, and (iv) Professional Portfolio reporting units (as previously noted, the Mass Portfolio reporting unit no longer has any goodwill associated with it starting from the second quarter of 2020).

In performing its 2020 annual qualitative goodwill assessment, the Company considered, among other factors, the financial performance of the Revlon reporting unit, the Company's revised expected future cash flows as affected by the ongoing and prolonged COVID-19 pandemic, as well as the results of the second quarter of 2020 quantitative interim analysis. Based upon such assessment, the Company determined that it was more likely than not that the fair value of its Revlon reporting unit exceeded its respective carrying amount for 2020.

In performing its 2020 quantitative assessments, the Company used the simplified approach allowed under ASU No. 2017-04 to test its (i) Elizabeth Arden Skin and Color, (ii) Elizabeth Arden Fragrances, (iii) Fragrances, and (iv) Professional Portfolio 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 such aforementioned reporting units exceeded their respective carrying amounts for 2020.

Consequently, no additional impairment changes were recognized during the 2020 annual impairment assessment test.

Inputs and Assumptions Considerations

The above-mentioned fair values were primarily determined using a weighted average market and income approach. The income approach requires several assumptions including those regarding future sales growth, EBITDA (earnings before interest, taxes, depreciation and amortization) margins, and capital expenditures, which are the basis for the information used in the discounted cash flow model. The weighted-average cost of capital used in the income approach ranged from 9.5% to 12.5%,

with a perpetual growth rate of 2%. For the market approach, the Company considered the market comparable method based upon total enterprise value multiples of other comparable publicly-traded companies.

The key assumptions used to determine the estimated fair values of the Company's reporting units for its interim and annual assessments included the expected success of the Company's future new product launches, the Company's achievement of its expansion plans, the Company's realization of its cost reduction initiatives and other efficiency efforts, as well as certain assumptions regarding the COVID-19 pandemic's expected impact on the Company. If such plans and assumptions do not materialize as anticipated, or if there are further challenges in the business environment in which the Company's reporting units operate, a resulting change in actual results from the Company's key assumptions could have a negative impact on the estimated fair values of the reporting units, which could require the Company to recognize additional impairment charges in future reporting periods.

The inputs and assumptions utilized in the interim and annual impairment analyses are classified as Level 3 inputs in the fair value hierarchy as defined in ASC Topic 820, “Fair Value Measurements.”

The following table presents the changes in goodwill by segment for the year ended December 31, 2020:



	Revlon		Portfolio		Elizabeth Arden		Fragrances		Total
Balance at January 1, 2019	$	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
Foreign currency translation adjustment	0.5		0.3		0.1		0.1		1.0

Goodwill impairment charge	—		(83.5)		(27.5)		—		(111.0)
Balance at December 31, 2020	$	265.4	$	87.9	$	89.5	$	120.9	$	563.7

Cumulative goodwill impairment charges(a)									$	(166.2)

(a) Amount refers to cumulative goodwill impairment charges related to impairments recognized in 2015, 2017, 2018 and 2020; $111.0 million of such impairment charges were recognized during the year ended December 31, 2020.

In connection with recognizing these goodwill impairment charges during 2020, the Company recognized a tax benefit of approximately $9.2 million, since a portion of the goodwill is amortizable for tax purposes.

Intangible Assets, Net

Finite-Lived Intangibles

In accordance with ASC Topic 360, and in conjunction with the performance of its interim goodwill impairment testing for the first, second and third quarters of 2020, and its 2020 annual goodwill impairment testing, the Company reviewed its finite-lived intangible assets for impairment.

In performing such reviews, the Company makes judgments about the recoverability of its purchased finite-lived intangible assets whenever events or changes in circumstances indicate that an impairment to its finite-lived intangible assets may exist. The Company also considers several indicators of impairment, including, among other factors, the following: (i) whether there exists any significant adverse change in the extent or manner in which a long-lived asset and/or asset group is being used; (ii) whether there exists any projection or forecast demonstrating losses associated with the use of a long-lived asset and/or asset group; and (iii) whether there exists a current expectation that, more likely than not, a long-lived asset and/or asset group will be sold or otherwise disposed of significantly before the end of its previously-estimated useful life. The carrying amount of a finite-lived intangible asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the finite-lived intangible asset and/or asset group and the impairment loss is measured as the amount by which the carrying amount of the finite-lived intangible asset exceeds its fair value. No impairment charges were recognized related to the carrying value of any of the Company's finite-lived intangible assets as a result of the first, second and third quarters of 2020 interim impairment assessments and of the 2020 annual impairment testing.

Indefinite-Lived Intangibles

In connection with the interim goodwill impairment assessment for the first and second quarters of 2020, the Company also quantitatively reviewed indefinite-lived intangible assets, consisting of certain trade names, using March 31, 2020 and June 30, 2020 carrying values, respectively, similar to goodwill, in accordance with ASC Topic 350.

As a result of COVID-19’s impact on the Company’s operations and on the expected future cash flows of certain asset groups, the quantitative interim assessments of indefinite-lived intangible assets in the first and second quarters of 2020 resulted in the recognition of:

•$24.5 million of total non-cash impairment charges related to certain indefinite-lived intangible assets within the Company's Mass Portfolio, Elizabeth Arden Fragrances and Elizabeth Arden Skin and Color reporting units in the first quarter of 2020; and

•$8.6 million of total non-cash impairment charges related to certain indefinite-lived intangible assets within the Company's Elizabeth Arden Fragrances and Elizabeth Arden Skin and Color reporting units in the second quarter of 2020.

For the third and fourth quarter of 2020, in accordance with the approaches followed for the third quarter interim goodwill assessment and for the 2020 annual goodwill impairment testing, the Company performed qualitative and quantitative assessments, respectively, of its indefinite-lived intangible assets considering, among other factors, the financial performance of certain asset groups within its reporting units, the Company's revised, expected future cash flows (also as affected by COVID-19), as well as the results of the second quarter of 2020 quantitative interim analysis of indefinite-lived intangibles. No impairment charges were recognized related to the carrying value of any of the Company's indefinite-lived intangible assets as a result of these impairment assessments. Consequently, total non-cash impairment charges recorded on the Company's indefinite-lived intangible assets were $33.1 million during the year ended December 31, 2020.

Inputs and Assumptions Considerations

The fair values of the Company's intangible assets were determined based on the undiscounted cash flows method for its finite-lived intangibles and based on the relief from royalty method for its indefinite-lived intangibles, respectively. The inputs and assumptions utilized in the impairment analyses are classified as Level 3 inputs in the fair value hierarchy as defined in ASC Topic 820, “Fair Value Measurements.” These impairment charges were included as a separate component of operating income within the "Impairment charges" caption on the face of the Company's Consolidated Statement of Operations and Comprehensive Loss for the year ended December 31, 2020. A summary of such impairment charges by segments is included in the following table:



	Year Ended
	December 31, 2020
	Revlon		Portfolio		Elizabeth Arden		Fragrances		Total

Indefinite-lived intangible assets	$	—	$	(2.5)	$	(30.6)	$	—	$	(33.1)
Total Intangibles Impairment	$	—	$	(2.5)	$	(30.6)	$	—	$	(33.1)

In connection with recognizing these intangible assets impairment charges for the year ended December 31, 2020, the Company recognized a tax benefit of approximately $6.9 million.

The following tables present details of the Company's total intangible assets as of December 31, 2020 and December 31, 2019:


	December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Impairment		Net Carrying Amount		Weighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses	$	272.8	$	(128.6)	$	—	$	144.2	12
Customer relationships	249.9		(110.7)		—		139.2		11
Patents and internally-developed intellectual property	23.6		(15.6)		—		8.0		5
Distribution rights	31.0		(7.5)		—		23.5		14
Other	1.3		(1.3)		—		—		0
Total finite-lived intangible assets	$	578.6	$	(263.7)	$	—	$	314.9

Indefinite-lived intangible assets:
Trade names	$	149.0	N/A		$	(33.1)	$	115.9
Total indefinite-lived intangible assets	$	149.0	N/A		$	(33.1)	$	115.9

Total intangible assets	$	727.6	$	(263.7)	$	(33.1)	$	430.8

	December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Impairment		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

Amortization expense for finite-lived intangible assets was $34.2 million and $40.3 million for the year ended December 31, 2020 and 2019, respectively. The variance with the previous comparable year was attributable primarily to the accelerated amortization of the Pure Ice intangible assets during 2019 as a result of the revision of the brand’s intangible assets useful lives following the termination of a business relationship with the brand's principal customer.

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, 2020:



	Estimated Amortization Expense
2021	$	33.5
2022	32.6
2023	31.0
2024	27.6
2025	26.4
Thereafter	163.8
Total	$	314.9

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2020

Payables and Accruals [Abstract]

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

The Company's accrued expenses and other current liabilities consisted of the following:


	December 31,		December 31,
	2020		2019
Sales returns and allowances	$	95.5	$	89.7
Advertising, marketing and promotional costs	96.3		82.8
Taxes (a)	41.8		54.3
Compensation and related benefits	50.1		42.1
Interest	29.6		34.0
Professional services and insurance	18.6		16.3
Short-term lease liability	16.6		14.5
Freight and distribution costs	9.5		13.2
Restructuring reserve	13.8		10.0
Software	3.1		4.0
Other (b)	46.0		54.0
Total	$	420.9	$	414.9

(a) Accrued Taxes for Products Corporation as of December 31, 2020 and December 31, 2019 were $44.8 million and $57.6 million, respectively.

(b) 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.

DEBT

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

DEBT

The table below details the Company's debt balances. See also Note 21, "Subsequent Events," for recent debt activity updates.


	December 31,		December 31,
	2020		2019
2020 New BrandCo Second-Lien Term Loans due 2025 (a)	$	75.0	$	—
2020 New ABL FILO Term Loans due 2023 (a)	50.0		—
2020 Troubled-debt-restructuring: future interest (a)	57.8		—
5.75% Senior Notes due 2021, net of debt issuance costs (a) / (d)	—		498.1
2020 BrandCo Term Loan Facility due 2025, net of debt issuance costs (b)	1,644.8		—
2016 Term Loan Facility: 2016 Term Loan due 2023 and 2025, net of discounts and debt issuance costs (c)	874.8		1,713.6
2019 Term Loan Facility due 2023, net of discounts and debt issuance costs (e)	—		187.1
2018 Foreign Asset-Based Term Facility due 2021, net of discounts and debt issuance costs (f)	57.7		82.3
Amended 2016 Revolving Credit Facility due 2021, net of debt issuance costs (g)	136.7		269.9
6.25% Senior Notes due 2024, net of debt issuance costs (h)	425.4		442.8
Spanish Government Loan due 2025	0.3		0.4


Debt	$	3,322.5	$	3,194.2
Less current portion(*)	(217.5)		(288.0)
Long-term debt	$	3,105.0	$	2,906.2

Short-term borrowings (**)	$	2.5	$	2.2

(*) At December 31, 2020, the Company classified $217.5 million as its current portion of long-term debt, comprised primarily of $136.7 million of net borrowings under the Amended 2016 Revolving Credit Facility, net of debt issuance costs, $57.7 million of the 2018 Foreign Asset-Based Term Facility due July 9, 2021, net of debt issuance costs and debt discount, $13.7 million of payments under the 2020 BrandCo Term Loan Facility due within one year and $9.2 million of payments on the 2016 Term Loan Facility due within one year. 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 payments on the 2016 Term Loan Facility. See below in this Note 8, "Debt," and Note 21, "Subsequent Events," for details regarding the Company's recent debt-related transactions.

(**)The weighted average interest rate on these short-term borrowings outstanding at December 31, 2020 and 2019 was 11.7% and 8.3%, respectively.

Current Year Debt Transactions

(a) 5.75% Senior Notes Exchange Offer

On November 13, 2020, Products Corporation completed its previously-announced offer to exchange (as amended, the “Exchange Offer”) any and all of the then-outstanding $342.8 million aggregate principal amount of its 5.75% Senior Notes scheduled to mature on February 15, 2021 (see hereinafter under "Previous Year Debt Related Transaction" for more details on the 5.75% Senior Notes), on terms set forth in the amended and restated Offering Memorandum and Consent Solicitation Statement dated October 23, 2020. Concurrently with the Exchange Offer, Products Corporation solicited consents (the “Consent Solicitation”) to adopt certain proposed amendments to the indenture governing the 5.75% Senior Notes, dated as of February 13, 2013, among Products Corporation, the guarantors party thereto and U.S. Bank National Association (the “5.75% Senior Notes Indenture”) to eliminate substantially all of the restricted covenants and certain events of default provisions from the 5.75% Senior Notes Indenture. The Exchange Offer and Consent Solicitation expired at 11:59 p.m., New York City time, on November 10, 2020 (the “Expiration Time”).

For each $1,000 principal amount of 5.75% Senior Notes validly tendered before the Expiration Time, holders received either, at their option, (i) $275 in cash (plus a $50 early tender/consent fee payable for an aggregate of $325 in cash, or (ii) if the holder was an Eligible Holder (as hereinafter defined), a combination of (1) $200 in cash (plus a $50 early tender/consent fee, for an aggregate of $250 in cash, plus, (2) (A) the Per $1,000 Pro Rata Share (as hereinafter defined) of $50 million in aggregate principal amount of new 2020 ABL FILO Term Loans (as hereinafter defined) and (B) the Per $1,000 Pro Rata Share of $75 million in aggregate principal amount of the New BrandCo Second-Lien Term Loans (as hereinafter defined) (the “Mixed Consideration”).

At the Expiration Time, $236 million in aggregate principal amount of 5.75% Senior Notes, representing 68.8% of the total outstanding principal amount of the 5.75% Senior Notes, was validly tendered and not validly withdrawn. On November 13, 2020, immediately after Products Corporation accepted for exchange the 5.75% Senior Notes that were validly tendered and made payment therefore, Products Corporation used cash on hand to redeem, effective as of November 13, 2020, the remaining $106.8 million in aggregate principal amount of 5.75% Senior Notes pursuant to the terms of the 5.75% Senior Notes Indenture. Following the consummation of the Exchange Offer and the satisfaction and full discharge of the 5.75% Senior Notes, no 5.75% Senior Notes remained outstanding. Accrued and unpaid interest on the 5.75% Senior Notes that were tendered in the Exchange Offer was paid to, but not including, the settlement date of the Exchange Offer.

The 2020 ABL FILO Term Loans are new “Tranche B” term loans in the aggregate principal amount of $50 million, ranking junior in right of payment to the “Tranche A” revolving loans under the Amended 2016 Revolving Credit Agreement (as hereinafter defined) and equal in right of payment with all existing and future unsubordinated indebtedness of Products Corporation and the guarantors under the Amended 2016 Revolving Credit Agreement (such new Tranche B term loans, the “2020 ABL FILO Term Loans”). The 2020 ABL FILO Term Loans will mature the earlier of December 15, 2023 and six months after the maturity date of the Tranche A Loans (and any extension thereof in part or in whole). The 2020 ABL FILO Term Loans bear interest at a rate of LIBOR (subject to a 1.75% floor) plus 8.50% per annum, accruing from the settlement date of the Exchange Offer. The borrowing base for the 2020 ABL FILO Term Loans consists of an advance rate of 100% of eligible collateral with a customary push down reserve, with collateral consisting of: (i) a first-priority lien on accounts receivable, inventory, cash, negotiable instruments, chattel paper, investment property (other than capital stock), equipment and real property of Products Corporation and the subsidiary guarantors, subject to customary exceptions (the “Priority Collateral”); and (ii) a second-priority lien on substantially all tangible and intangible personal property of Products Corporation and the subsidiary guarantors, subject to customary exclusions (other than the Priority Collateral).

The New BrandCo Second Lien Term Loans issued pursuant to the Exchange Offer are “Term B-2 Loans” in the aggregate principal amount of $75 million (ranking junior to the Term B-1 Loans and senior to the Term B-3 Loans with respect to liens on certain specified collateral) under the 2020 BrandCo Term Loan Facility (such Term B-2 Loans, the “New BrandCo Second-Lien Term Loans”).

The Exchange Offer with respect to the tendering holders represented a Troubled Debt Restructuring ("TDR") in accordance with ASC 470, Debt, as both criteria for a TDR where met, namely: (i) the creditors granted a concession, and (ii) the Company was experiencing financial difficulties. Since the expected future undiscounted cash flows under the New 2020 ABL FILO Term Loan and the New BrandCo Second-Lien Term Loans exchanged in the transaction are higher than the net carrying value of the original 5.75% Senior Notes remaining after any partial cash settlement (once prior loans with same lenders have also been considered, as applicable), no gain was recorded and a new effective interest rate was established based on the revised cash flows and the remaining net carrying value of the original 5.75% Senior Notes.

Following the closing of the Exchange Offer, as of December 31, 2020, the following aggregate principal amounts are outstanding:

•$50.0 million of New 2020 ABL FILO Term Loans; and

•$75.0 million of New BrandCo Second-Lien Term Loans.

Following the applicability of the TDR guidance and based on a net carrying value of the original 5.75% Senior Notes of approximately $175.5 million remaining after partial cash settlements, future interest payments of approximately $50.5 million were also included in the carrying value of the restructured debt as of the day of closing of the Exchange Offer. Additionally, to the amounts stated above, $17.5 million of New BrandCo Second-Lien Term Loans was added following the recognition of Paid-In-Kind ("PIK") consent fees that were earned by the lenders on the day of closing of the Exchange Offer, (which are amortized over the term of the restructured debt agreements), in accordance with the BrandCo TSA as defined further below in this Note 8, "Debt", within "Subsequent Amendments to the 2020 BrandCo Term Loan Facility".

In accordance with the aforementioned TDR guidance, fees and expenses incurred to third parties in connection with consummating the Exchange Offer of approximately $13.8 million were expensed as professional fees within SG&A on the Company's Consolidated Statement of Operations and Comprehensive Loss for the year ended December 31, 2020.

(b) 2020 BrandCo Refinancing Transactions

On May 7, 2020 (the “BrandCo 2020 Facilities Closing Date”), Products Corporation entered into a term credit agreement (the “2020 BrandCo Credit Agreement”) with Jefferies Finance LLC, as administrative agent and collateral agent, and certain financial institutions (the “2020 Facilities Lenders”) that are lenders or the affiliates of lenders under Products Corporation’s

Term Loan Credit Agreement, dated as of September 7, 2016 and amended on April 30, 2020 and as amended on the BrandCo 2020 Facilities Closing Date, as further described below (as amended to date, the “2016 Term Loan Facility”) and the Amended 2016 Revolving Credit Facility, collectively referred to as the "2016 Senior Credit Facilities"). Pursuant to the 2020 BrandCo Credit Agreement, the 2020 Facilities Lenders provided Products Corporation with new and roll-up senior secured term loan facilities (the “2020 BrandCo Facilities” and, collectively, the "2020 BrandCo Term Loan Facility" and, together with the use of proceeds thereof and the Extension Amendment, the “2020 BrandCo Refinancing Transactions”).

Principal and Maturity: The 2020 BrandCo Facilities consist of: (i) a senior secured term loan facility in an aggregate principal amount outstanding on the BrandCo 2020 Facilities Closing Date of $815.0 million, plus the amount of certain fees and accrued interest that have been capitalized (the “2020 BrandCo Facility”); (ii) commitments in respect of a senior secured term loan facility in an aggregate principal amount of $950 million (the “Roll-up BrandCo Facility”); and (iii) a senior secured term loan facility in an aggregate principal amount outstanding on the BrandCo 2020 Facilities Closing Date of $3.0 million (the “Junior Roll-up BrandCo Facility”). Additionally, on May 28, 2020, Products Corporation borrowed from the 2020 Facilities Lenders an additional $65.0 million of term loans under the 2020 BrandCo Facility to repay in full the 2020 Incremental Facility under the 2016 Term Loan Facility, as a result of which the 2020 BrandCo Facility at June 30, 2020 had an aggregate principal amount outstanding of $910.6 million (including paid-in-kind closing fees of $29.1 million and paid-in-kind interest of $1.5 million that were capitalized). Additionally, during 2020, certain lenders under the 2016 Term Loan Facility, representing $846.0 million in aggregate principal outstanding, rolled-up to the Roll-up BrandCo Facility and the Junior Roll-up BrandCo Facility, as a result of which the Roll-up BrandCo Facility and the Junior Roll-up BrandCo Facility at September 30, 2020 had an aggregate principal amount outstanding of $846.0 million. The Company determined that the roll-up of such 2016 Term Loan Facility lenders into the Roll-up BrandCo Facility and the Junior Roll-up BrandCo Facility represented a debt modification under U.S. GAAP, as the cash flow effect between the amount that Products Corporation owed to the participating lenders under the old debt instrument (i.e., the 2016 Term Loan Facility) and the amount that Products Corporation owed to such lenders after the consummation of the roll-up into the new debt instrument (i.e., the Roll-up BrandCo Facility and the Junior Roll-up BrandCo Facility) on a present value basis was less than 10% and, thus, the debt instruments were not considered to be substantially different within the meaning of ASC 470, Debt, under U.S. GAAP.

The proceeds of the 2020 BrandCo Facility were used: (i) to repay in full approximately $200 million of indebtedness outstanding under Products Corporation’s 2019 Term Loan Facility; (ii) to repay in full and terminate commitments under the 2020 Incremental Facility; and (iii) to pay fees and expenses in connection with the 2020 BrandCo Facilities and the 2020 BrandCo Refinancing Transactions. The Company will use the remaining net proceeds for general corporate purposes. The proceeds of the Roll-up BrandCo Facility are available prior to the third anniversary of the BrandCo 2020 Facilities Closing Date to purchase at par an equivalent amount of any remaining term loans under the 2016 Term Loan Facility held by the lenders participating in the 2020 BrandCo Facility or their transferees. During the three months ended June 30, 2020 and the three months ended September 30, 2020, certain lenders under the 2016 Term Loan Facility due June 2023, representing $846.0 million in aggregate principal outstanding, rolled-up to the Roll-up BrandCo Facility and the Junior Roll-up BrandCo Facility due June 2025, as a result of which the Roll-up BrandCo Facility and the Junior Roll-up BrandCo Facility at September 30, 2020 have an aggregate principal amount outstanding of $846.0 million, with a remaining capacity for the roll-up of loans under the 2016 Term Loan Facility of $107.0 million. See “Subsequent Amendments to the 2020 BrandCo Term Loan Facility” regarding the Supporting BrandCo Lenders subsequently relinquishing certain Roll-up Rights and Products Corporation’s issuance of the BrandCo Support and Consent Consideration.

The 2020 BrandCo Facilities will mature on June 30, 2025, subject to a springing maturity 91 days prior to the August 1, 2024 maturity date of Products Corporation’s 6.25% Senior Notes if, on such date, $100 million or more in aggregate principal amount of the 6.25% Senior Notes remain outstanding.

The Company incurred approximately $119.3 million of new debt issuance costs in connection with closing the 2020 BrandCo Facility, which include paid-in kind amounts that are recorded as an adjustment to the carrying amount of the related liability and amortized to interest expense in accordance with the effective interest method over the term of the 2020 BrandCo Facilities.

Borrower, Guarantees and Security: Products Corporation is the borrower under the 2020 BrandCo Facilities and the 2020 BrandCo Facilities are guaranteed by certain of Products Corporation's indirect subsidiaries (the “BrandCos”) that hold certain intellectual property assets related to the Elizabeth Arden and American Crew brands, certain other Portfolio segment brands and certain owned Fragrance segment brands (the “Specified Brand Assets”). While the BrandCos do not guarantee the 2016 Term Loan Facility, all guarantors of the 2016 Term Loan Facility guarantee the 2020 BrandCo Facilities. All of the assets of the BrandCos (including all capital stock issued by the BrandCos) have been pledged to secure the 2020 BrandCo Facility on a first-priority basis, the Roll-up BrandCo Facility on a second-priority basis and the Junior Roll-up BrandCo Facility on a third-

priority basis and while such assets do not secure the 2016 Term Loan Facility, the 2020 BrandCo Facilities are secured on a pari passu basis by the assets securing the 2016 Term Loan Facility.

Contribution and License Agreements: In connection with the pledge of the Specified Brand Assets, Products Corporation and certain of its subsidiaries contributed the Specified Brand Assets to the BrandCos. Products Corporation entered into license and royalty arrangements on arm’s length terms with the relevant BrandCos to provide for the continued use of the Specified Brand Assets by Products Corporation and its subsidiaries during the term of the 2020 BrandCo Facilities.

Interest and Fees: Loans under the 2020 BrandCo Facility bear interest at a rate equal to LIBOR (with a LIBOR floor of 1.50%) plus (x) 10.50% per annum, payable not less than quarterly in arrears in cash and (y) 2.00% per annum payable not less than quarterly in-kind by adding such amount to the principal amount of outstanding loans under the 2020 BrandCo Facility. Loans under the Roll-up BrandCo Facility and the Junior Roll-up BrandCo Facility bear interest at a rate equal to LIBOR (with a LIBOR floor of 0.75%) plus 3.50% per annum, payable not less than quarterly in arrears in cash.

Affirmative and Negative Covenants: The 2020 BrandCo Facilities contain certain affirmative and negative covenants that, among other things, limit Products Corporation’s and its restricted subsidiaries’ 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, unsecured 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 2020 BrandCo Facilities also restrict distributions and other payments from the BrandCos based on certain minimum thresholds of net sales with respect to the Specified Brand Assets. The 2020 BrandCo Facilities also contain certain customary representations, warranties and events of default, including a cross default provision making it an event of default under the 2020 BrandCo Credit Agreement if there is an event of default under Products Corporation’s existing 2016 Credit Agreements, the 2018 Foreign Asset-Based Term Agreement or the indentures governing the 6.25% Senior Notes Indenture. The lenders under the 2020 BrandCo Credit Agreement may declare all outstanding loans under the 2020 BrandCo Facilities to be due and payable immediately upon an event of default. Under such circumstances, the lenders under the 2016 Credit Agreements, the 2018 Foreign Asset-Based Term Agreement, and the holders under the Senior Notes Indentures may also declare all outstanding amounts under such instruments to be due and payable immediately as a result of similar cross default or cross acceleration provisions, subject to certain exceptions and limitations described in the relevant instruments.

Prepayments: The 2020 BrandCo Facilities are 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 2020 BrandCo Facilities may be repaid at any time, subject to customary prepayment premiums.

The aggregate principal amount outstanding under the 2020 BrandCo Term Loan Facility at December 31, 2020 was $1,868.4 million, including $846.0 million of principal rolled-up from the 2016 Term Loan Facility to the Roll-up BrandCo Facility and the Junior Roll-up BrandCo Facility.

Subsequent Amendments to the 2020 BrandCo Term Loan Facility

Prior to consummating the Exchange Offer Products Corporation and certain lenders under the 2020 BrandCo Term Loan Facility, representing more than a majority in aggregate principal amount of loans thereunder (the “Supporting BrandCo Lenders”), entered into a Transaction Support Agreement (the “BrandCo TSA”) under which the Supporting BrandCo Lenders agreed to take certain actions to facilitate the Exchange Offer and Consent Solicitation, including, among other things:

•Relinquishing certain rights of such Supporting BrandCo Lenders to “roll-up” loans held by such Supporting BrandCo Lenders under the 2016 Term Loan Facility into New BrandCo Second-Lien Term Loans under the 2020 BrandCo Term Loan Facility (the “Roll-up Rights”);

•Tendering any then-existing 5.75% Senior Notes held by such Supporting BrandCo Lenders into the Exchange Offer and Consent Solicitation;

•Consenting to amendments to the 2020 BrandCo Term Loan Facility to permit the exchange of then-existing 5.75% Senior Notes for the New BrandCo Second-Lien Term Loans under the 2020 BrandCo Term Loan Facility as contemplated by the Offering Memorandum and the payment of the BrandCo Support and Consent Consideration (as hereinafter defined);

•Consenting to other amendments to the 2020 BrandCo Term Loan Facility and the Amended 2016 Revolving Credit Facility to permit the Exchange Offer and Consent Solicitation to be completed as contemplated by the Offering Memorandum; and

•Supporting and cooperating with Products Corporation to consummate the transactions contemplated by the BrandCo TSA and the Offering Memorandum, including the Exchange Offer and Consent Solicitation.

In connection with such amendments, Products Corporation agreed to provide the following consideration (collectively, the “BrandCo Support and Consent Consideration”) upon the successful consummation of the Exchange Offer:

1.$12.5 million aggregate principal amount of New BrandCo Second-Lien Term Loans as a fee to the Supporting BrandCo Lenders under the BrandCo TSA in connection with such Supporting BrandCo Lenders’ relinquishment of their Roll-up Rights;

2.$10.0 million aggregate principal amount of New BrandCo Second-Lien Term Loans to one of the Supporting BrandCo Lenders in exchange for $18.7 million aggregate principal amount of Products Corporation’s 6.25% Senior Notes held by such Supporting BrandCo Lender; and

3.to all lenders under the 2020 BrandCo Term Loan Facility (including the Supporting BrandCo Lenders), an amendment fee that was payable pro rata based on principal amount of loans consenting, consisting of, at Products Corporation's option, either (x) an aggregate of $2.5 million of cash or (y) $5.0 million aggregate principal amount of New BrandCo Second-Lien Term Loans. Pursuant to the BrandCo Amendment, Products Corporation elected to pay this fee in-kind in the form of $5.0 million aggregate principal amount of New BrandCo Second-Lien Term Loans.

Upon the successful closing of the Exchange Offer, the Company capitalized the aforementioned paid-in-kind closing fees of $12.5 million and $5.0 million to the aggregate principal amount of New BrandCo Second-Lien Term Loans issued in connection with the Exchange Offer.

Upon the successful closing of the Exchange Offer, the Company evaluated the aforementioned $10.0 million of New BrandCo Second-Lien Term Loans issued to one of the Supporting BrandCo Lenders in exchange for $18.7 million aggregate principal amount of Products Corporation's 6.25% Senior Notes due 2024 held by such Supporting BrandCo Lender and determined that it represented a TDR in accordance with ASC 470, Debt, as both criteria for a TDR where met, namely: (i) the creditors granted a concession, and (ii) the Company was experiencing financial difficulties. Since the expected future undiscounted cash flows under the New BrandCo Second-Lien Term Loans exchanged in the transaction are higher than the net carrying value of the original 6.25% Senior Notes held by this lender (once prior loans with the same lender have also been considered), no gain was recorded and a new effective interest rate was established based on the revised cash flows and the net carrying value of the above-mentioned 6.25% Senior Notes that were exchanged in the transaction. Following the applicability of the TDR guidance, future interest payments of $8.7 million as of the day of closing of the Exchange Offer were also included in the carrying value of the restructured debt.

On November 13, 2020, Products Corporation entered into that certain Amendment No. 1 (the “BrandCo Amendment”) to the 2020 BrandCo Credit Agreement in connection with the Exchange Offer in order to, among other things, provide for the incurrence of $75 million in aggregate principal amount of New BrandCo Second-Lien Term Loans (exclusive of the BrandCo Support and Consent Consideration). The New BrandCo Second Lien Term Loans are a separate tranche of “Term B-2 Loans” (ranking junior to the Term B-1 Loans and senior to the Term B-3 Loans with respect to liens on certain specified collateral) under the BrandCo Credit Agreement. Except as to the use of proceeds, the terms of the New BrandCo Second-Lien Term Loans are substantially consistent with the other Term B-2 Loans. In connection with the BrandCo Amendment, Products Corporation paid certain fees to the lenders in-kind in the form of New BrandCo Second-Lien Term Loans in accordance with the BrandCo TSA.

In connection with the closing of the 2020 BrandCo Facility on May 7, 2020, term loan lenders under the 2016 Term Loan Facility were offered the opportunity to participate at par in the 2020 BrandCo Facilities based on their holdings of term loans under the 2016 Term Loan Facility. Lenders participating in the 2020 BrandCo Facilities, as well as other consenting lenders representing, in the aggregate, a majority of the loans and commitments under the 2016 Term Loan Facility, consented to an amendment to the 2016 Term Loan Facility (the “Extension Amendment”) that, among other things, made certain modifications to the covenants thereof and extended the maturity date of certain consenting lenders’ term loans (“Extended Term Loans”) to June 30, 2025, subject to (i) the same September 7, 2023 springing maturity date of the non-extended term loans under the 2016 Term Loan Facility if, on such date, $75 million or more in aggregate principal amount of the non-extended term loans under the 2016 Term Loan Facility remains outstanding, and (ii) a springing maturity of 91 days prior to the August 1, 2024 maturity date of the 6.25% Senior Notes if, on such date, $100 million or more in aggregate principal amount of the 6.25% Senior Notes remains outstanding. The Extension Amendment became effective on the BrandCo 2020 Facilities Closing Date. As of December 31, 2020, approximately $30.6 million in aggregate principal amount of Extended Term Loans were outstanding after giving effect to the 2020 BrandCo Refinancing Transactions. The Extended Term Loans bear interest at a rate of LIBOR (with a LIBOR floor of 0.75%) plus 3.50% per annum, payable not less than quarterly in arrears in cash, consistent with the

interest rate applicable to the non-extended term loans. Approximately $17.0 million of accrued interest outstanding on the 2016 Term Loan Facility was paid on the BrandCo 2020 Facilities Closing Date. As a result of such transaction, as of December 31, 2020, $853.3 million of the 2016 Term Loan Facility is scheduled to mature on the Original Maturity Date and $30.6 million is scheduled to mature on the Extended Maturity Date and, thus, the aggregate principal amount outstanding under the 2016 Term Loan Facility at December 31, 2020 was $883.9 million.

(d) Repurchases of 5.75% Senior Notes due 2021

On May 7, 2020, Products Corporation used a portion of the proceeds from the 2020 BrandCo Facility to repurchase and subsequently cancel $50 million in aggregate principal face amount of its 5.75% Senior Notes. Products Corporation also paid approximately $0.7 million of accrued interest outstanding on the 5.75% Senior Notes on May 7, 2020. After the BrandCo 2020 Facilities Closing Date, Products Corporation repurchased and subsequently canceled in July 2020 a further $62.8 million in aggregate principal face amount of its 5.75% Senior Notes. Furthermore, during the remainder of the year ended December 31, 2020, Products Corporation repurchased and subsequently canceled an additional $44.4 million in aggregate principal face amount of its 5.75% Senior Notes. Accordingly, as of December 31, 2020, Products Corporation had repurchased and subsequently cancelled a total of approximately $157.2 million in aggregate principal face amount of its 5.75% Senior Notes, resulting in a gain on extinguishment of debt of approximately $43.1 million for the year ended December 31, 2020, which was recorded within "Gain on early extinguishment of debt" on the Company's Consolidated Statement of Operations and Comprehensive Loss for the year ended December 31, 2020. See hereinafter for more information regarding Products Corporation's 5.75% Senior Notes and the related Exchange Offer. Following the consummation of the Exchange Offer and the satisfaction and full discharge of the remaining 5.75% Senior Notes, no 5.75% Senior Notes remain outstanding as of December 31, 2020.

(e) Prepayment of the 2019 Term Loan Facility due 2023

On the BrandCo 2020 Facilities Closing Date, Products Corporation used a portion of the proceeds from the 2020 BrandCo Facility to fully prepay the entire principal amount outstanding under its 2019 Term Loan Facility, totaling $200 million, plus approximately $1.3 million of accrued interest outstanding thereon, as well as approximately $33.5 million in prepayment premiums, $10.3 million in lenders' fees, $0.3 million in legal fees and approximately $2.0 million in other third party fees. As the lenders under the 2019 Term Loan Facility participated in the 2020 BrandCo Term Loan Facility, the Company determined that the full repayment of the 2019 Term Loan Facility represented a debt modification under U.S. GAAP as the cash flow effect between the old debt instrument (i.e., the 2019 Term Loan Facility) and the new debt instrument (i.e., the 2020 BrandCo Facility) on a present value basis was less than 10% and, thus, the debt instruments were not considered to be substantially different within the meaning of ASC 470, Debt, under U.S. GAAP. Accordingly, the $33.5 million of prepayment premiums, as well as the $10.3 million in other lenders' fees were capitalized as part of the aforementioned $119.3 million of total new debt issuance costs for the 2020 BrandCo Term Loan Facility, while the aforementioned $0.3 million of legal fees and $2.0 million in other third party fees were expensed as incurred in the Company's Consolidated Statement of Operations and Comprehensive Loss for the year ended December 31, 2020.

(f) Amendment to the 2018 Foreign Asset-Based Term Facility

On May 4, 2020, the Company entered into an amendment to the 2018 Foreign Asset Based Term Facility, which had an original outstanding principal amount of €77 million. Such amendment provided for the following:

•increasing the interest rate on the loan from EURIBOR (with a floor 0.50%) plus a margin of 6.50% to EURIBOR (with a floor 0.50%) plus a margin of 7.00%;

•amending the percentages applied in computing the borrowing base from 85% to 78.75% for eligible accounts receivable and from 90% to 80% against the net orderly liquidation value of eligible inventory;

•adding a springing maturity date of 91 days prior to the February 15, 2021 maturity of the 5.75% Senior Notes if any of Products Corporation's 5.75% Senior Notes remained outstanding on such date;

•requiring a mandatory prepayment of €5.0 million; and

•clarifying certain terms and waiving certain provisions in connection with the 2020 BrandCo Refinancing Transactions.

Approximately $0.4 million of amendment fees paid to the lenders under 2018 Foreign Asset-Based Term Facility were capitalized and are amortized to interest expense, together with any unamortized debt issuance costs outstanding prior to the amendment. The 2018 Foreign Asset-Based Term Facility was a euro-denominated senior secured asset-based term loan facility that various, mostly foreign subsidiaries of Products Corporation entered into on July 9, 2018 and which was scheduled to mature on July 9, 2021. As of December 31, 2020, there was the Euro equivalent of $59.2 million aggregate principal

outstanding under the 2018 Foreign Asset-Based Term Facility, reflecting a repayment of €28.5 million made during the quarter ended June 30, 2020.

(g) Amendments to the 2016 Revolving Credit Facility Agreement

On October 23, 2020 (the “Amendment No. 5 Effective Date”), Products Corporation entered into Amendment No. 5 (“Amendment No. 5”) to its Asset-Based Revolving Credit Agreement, dated as of September 7, 2016 (as amended from time to time, the “Amended 2016 Revolving Credit Facility”, and the revolving credit facility thereunder, the “Amended 2016 Revolving Credit Facility”; the Amended 2016 Revolving Credit Agreement, together with the 2016 Credit Agreement, the “2016 Credit Agreements”).

The Amendment No. 5 amended and restated the Amended 2016 Revolving Credit Agreement to add a new Tranche B consisting of $50 million aggregate principal amount of “first-in, last-out” Tranche B term loans (such new Tranche B, the “2020 ABL FILO Term Loan Facility”). The Amendment No. 5 also required Products Corporation to maintain "Excess Availability" (as defined in Amendment No. 5) of at least $85 million from the Amendment No. 5 Effective Date until the transactions contemplated by the Exchange Offer were consummated (such date, the “Exchange Offer Effective Date”). As a result, on October 23, 2020, Products Corporation repaid $35 million of Tranche A loans under the Amended 2016 Revolving Credit Agreement.

On the Exchange Offer Effective Date, Products Corporation’s As-Adjusted Liquidity was required to be at least $175 million (which condition was satisfied) and Products Corporation could not hold more than $100 million in cash or Cash Equivalents (as defined in the 5th Amendment). Furthermore, the 5th Amendment provided that a $30 million reserve will be automatically and immediately established against the Tranche A Borrowing Base (as defined in the 5th Amendment) if the results of ongoing appraisals and field exams were not delivered to the administrative agent prior to the occurrence of certain specified defaults.

Products Corporation paid customary fees to Alter Domus (US) LLC as the administrative agent for the 2020 ABL FILO Term Loan Facility. Except as to maturity date, interest, borrowing base and differences due to their nature as term loans, the terms of the 2020 ABL FILO Term Loans are otherwise substantially consistent with the Tranche A Revolving Loans.

On May 7, 2020, in connection with consummating the 2020 BrandCo Refinancing Transactions, Products Corporation entered into Amendment No. 4 to (the “Amendment No. 4”) to the 2016 Revolving Credit Facility. Amendment No. 4, among other things, made certain amendments and provided for certain waivers relating to the 2020 BrandCo Refinancing Transactions under the 2016 Revolving Credit Facility. In exchange for such amendments and waivers, the interest rate margin applicable to loans under Tranche A of the 2016 Revolving Credit Facility increased by 0.75%. In connection with the amendments to the 2018 Tranche B of the 2016 Revolving Credit Facility (which was fully repaid on its May 17, 2020 extended maturity date), Products Corporation incurred approximately $1.1 million in lender's fees that upon its full repayment were entirely expensed within “Miscellaneous, net” on the Company's Consolidated Statement of Operations and Comprehensive Loss as of December 31, 2020.

On April 17, 2020 (the “FILO Closing Date”), Products Corporation entered into Amendment No. 3 to the 2016 Revolving Credit Facility (“Amendment No. 3”), pursuant to which, the maturity date applicable to $36.3 million of loans under the $41.5 million senior secured first in, last out 2018 Tranche B under the 2016 Revolving Credit Facility (the “2018 FILO Tranche”) was extended from April 17, 2020 to May 17, 2020 (the “Amendment No. 3 Extended Maturity Date”). Products Corporation repaid the remaining approximately $5.2 million of the 2018 FILO Tranche loans as of the FILO Closing Date. In addition, Amendment No. 3 increased the applicable interest margin for the 2018 FILO Tranche by 0.75%, subject to a LIBOR floor of 0.75%. Products Corporation fully repaid the 2018 FILO Tranche on the Amendment No. 3 Extended Maturity Date.

Total borrowings at face amount under Tranche A and Tranche B of the Amended 2016 Revolving Credit Facility at December 31, 2020 were $138.9 million and $50 million, respectively.

(h) 6.25% Senior Notes

See "Previous Years' Debt Related Transactions" below.

Other 2020 Debt Related Transactions

MacAndrews & Forbes 2020 Restated Line of Credit Facility

In light of the upcoming maturity on July 9, 2021 of the 2018 Foreign Asset-Based Term Facility (as hereinafter defined) and the expiration on December 31, 2020 of the Amended 2019 Senior Line of Credit Facility (see "Previous Years' Debt Related Transaction" for further details about the Amended 2019 Senior Line of Credit Agreement), the Company sought to refinance or extend both the 2018 Foreign Asset-Based Term Facility and the Amended 2019 Senior Line of Credit Facility. Products Corporation sought to do so in order to reinforce its liquidity position to be better able to address the current business and economic environment and prepare for any further potential disruptions to its business and operations as may be brought on by the ongoing COVID-19 pandemic or other events.

As a result, and anticipating a future refinancing of the 2018 Foreign Asset-Based Term Facility (a “Future Refinanced European ABL Facility”), on September 28, 2020, Products Corporation and MacAndrews & Forbes Group, LLC (“M&F”) entered into the Second Amended and Restated 2019 Senior Unsecured Line of Credit Facility (the “2020 Restated Line of Credit Facility”), which amended and restated the Amended 2019 Senior Line of Credit Facility and will provide Products Corporation with up to a $30 million tranche of a new facility of the 2018 Foreign Asset-Based Term Facility (the “New European ABL FILO Facility”) that would be secured on a “last-out” basis by the same collateral as the 2018 Foreign Asset-Based Term Facility or, if no Future Refinanced European ABL Facility is obtained, a stand-alone $30 million credit facility secured by the same collateral as the 2018 Foreign Asset-Based Term Facility when that facility is terminated, in each case, subject to a borrowing base. As of December 31, 2020, there were no borrowings outstanding under the 2020 Restated Line of Credit Facility, and the 2020 Restated Line of Credit Facility terminated on such date. M&F’s commitment in respect of the New European ABL FILO Facility survived the termination of the 2020 Restated Line of Credit Facility and, if not used, would have terminated on July 9, 2021.

The New European ABL FILO Facility would mature on (x) the maturity date of any such Future Refinanced European ABL Facility or (y) if there is no Future Refinanced European ABL Facility, July 9, 2022. To the extent the Future Refinanced European ABL Facility exceeds $35.0 million in principal amount, the amount available under the New European ABL FILO Facility would decrease on a dollar-for-dollar basis, such that, if Products Corporation were able to obtain a Future Refinanced ABL Facility of $65.0 million from third parties, there would be no amounts available under the New European ABL FILO Facility. The interest rate for the New European ABL FILO Facility will be LIBOR plus 10.00%. The covenants for the New European ABL FILO Facility would be substantially the same as those applicable to the 2018 European ABL Facility.

Upon the closing of the 2021 Asset-Based Term Facility on March 2, 2021 without the participation of M&F as a lender, M&F’s commitment in respect of the New European ABL FILO Facility under the 2020 Restated Line of Credit Facility terminated in accordance with its terms (see Note 21, “Subsequent Events,” to the Company's Consolidated Financial Statements).

Incremental Revolving Credit Facility under the 2016 Term Loan Agreement

On April 30, 2020, Products Corporation entered into a Joinder Agreement (the “2020 Joinder Agreement”), with Revlon, certain of their subsidiaries and certain existing lenders (the “Incremental Lenders”) under Products Corporation’s 2016 Term Loan Agreement (the “2016 Term Loan Agreement”) to provide for a $65 million incremental revolving credit facility (the “2020 Incremental Facility”). On the closing of the 2020 Incremental Facility, Products Corporation borrowed $63.5 million of revolving loans for working capital purposes and subsequently on May 11, 2020 Products Corporation also borrowed the additional $1.5 million of delayed funding revolving loans. Prior to its full repayment on May 28, 2020, amounts outstanding under the 2020 Incremental Facility bore interest at a rate of (x) LIBOR plus 16% or (y) an Alternate Base Rate plus 15%, at Products Corporation’s option. Except as to pricing, maturity and differences due to its revolving nature, the terms of the 2020 Incremental Facility were otherwise substantially consistent with the existing term loans under the 2016 Term Loan Facility. On May 28, 2020, the 2020 Incremental Facility was repaid in full, and the commitments thereunder terminated. Upon such repayment, approximately $2.9 million of upfront commitment fees that Products Corporation incurred in connection with consummating the 2020 Incremental Facility were entirely expensed within "Miscellaneous, net" on the Company's Consolidated Statement of Operations and Comprehensive Loss for the year ended December 31, 2020.

Previous Years' Debt Related Transactions

2019 Term Loan Facility

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.

On the BrandCo 2020 Facilities Closing Date, Products Corporation used a portion of the proceeds from the 2020 BrandCo Facility to fully prepay the entire principal amount outstanding under its 2019 Term Loan Facility, totaling $200 million, plus approximately $1.3 million of accrued interest outstanding thereon, as well as approximately $33.5 million in prepayment premiums, $10.3 million in lenders’ fees, $0.3 million in legal fees and approximately $2.0 million in other third party fees. As the lenders under the 2019 Term Loan Facility participated in the 2020 BrandCo Term Loan Facility, the Company determined that the full repayment of the 2019 Term Loan Facility represented a debt modification under U.S. GAAP as the cash flow effect between the old debt instrument (i.e., the 2019 Term Loan Facility) and the new debt instrument (i.e., the 2020 BrandCo Facility) on a present value basis was less than 10% and, thus, the debt instruments were not considered to be substantially different within the meaning of ASC 470, Debt, under U.S. GAAP. Accordingly, the $33.5 million of prepayment premiums, as well as the $10.3 million in other lenders' fees were capitalized as part of the aforementioned $119.3 million of total new debt issuance costs for the 2020 BrandCo Term Loan Facility, while the aforementioned $0.3 million of legal fees and $2.0 million in other third party fees were expensed as incurred in the Company's Unaudited Consolidated Statement of Operations and Comprehensive Loss for the year ended December 31, 2020.

2019 Senior Line of Credit Facility Agreement

The 2019 Senior Unsecured Line of Credit Agreement was obtained in June 2019 from MacAndrews & Forbes Group, LLC, and provides Products Corporation with a $30 million senior unsecured line of credit, which facility allowed Products Corporation to request loans thereunder and to use the proceeds of such loans for working capital and other general corporate purposes until the facility matured. 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 would bear interest at an annual rate of 8%, 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 was 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 had available unrestricted cash that Products Corporation determined, in its reasonable judgment, was not required to run their operations in the ordinary course of business, provided that such repayment would not result in material adverse tax consequences. The Amended 2019 Senior Line of Credit Agreement included 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 occurred, MacAndrews & Forbes Group, LLC could declare all outstanding loans under the Amended 2019 Senior Line of Credit Facility to be due and payable immediately.

In September 2020, Products Corporation entered into the Second Amended and Restated 2019 Senior Unsecured Line of Credit Agreement, which further amended and restated the Amended and Restated 2019 Senior Unsecured Line of Credit Agreement and subsequently terminated on December 31, 2020.

March 2019 Amendment to the 2016 Revolving Credit Facility Agreement

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. 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 limited 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.

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 "2018 ABTL Borrowers"), the other loan parties and guarantors party thereto, the lenders party thereto and Citibank, N.A., acting as administrative agent and collateral agent (the "2018 ABTL 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 "2018 ABTL Borrowing Base Guarantors" and, together with the 2018 ABTL Borrowers, the "2018 ABTL 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 2018 ABTL 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 "2018 ABTL Parent Guarantors"). The obligations of the 2018 ABTL Loan Parties and the 2018 ABTL Parent Guarantors under the 2018 Foreign Asset-Based Term Facility are secured by first-ranking pledges of the equity of each 2018 ABTL Loan Party, the inventory and accounts receivable of the 2018 ABTL Borrowing Base Guarantors, the material bank accounts of each 2018 ABTL 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 2018 ABTL certain other material assets of the 2018 ABTL 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 2018 ABTL 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 2018 ABTL 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 2018 ABTL Parent Guarantors are subject to certain customary holding company covenants. The ability of the 2018 ABTL 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 2018 ABTL 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 2018 ABTL 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 2018 ABTL 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 2018 ABTL 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 2018 ABTL's 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 2018 ABTL 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 2018 ABTL 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. As of December 31, 2020, there was the Euro equivalent of $59.2 million aggregate principal outstanding under the 2018 Foreign Asset-Based Term Facility, reflecting a repayment of €28.5 million made during the quarter ended June 30, 2020.

The 2018 Foreign Asset Based Term Facility was subsequently refinanced and replaced in its entirety by the 2021 Foreign Asset-Based Term Facility. See Note 21, “Subsequent Events,” to the Company's Consolidated Financial Statements in this Form 10-K.

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 September 7, 2023. The loans under the 2016 Term Loan Facility were borrowed at an original issue discount of 0.5% to their principal amount. The 2016 Term Loan Facility may be increased by an amount equal to the sum of (x) the greater of $450 million and 90% of Products Corporation’s pro forma consolidated EBITDA, plus (y) an unlimited amount to the extent that (1) the first lien leverage ratio (defined as the ratio of Products Corporation’s net senior secured funded debt that is not junior or subordinated to the liens of the Senior Facilities to EBITDA) is less than or equal to 3.5 to 1.0 (for debt secured pari passu with the 2016 Term Loan Facility) or (2) the secured leverage ratio (defined as the ratio of Products Corporation’s net senior secured funded debt to EBITDA) is less than or equal to 4.25 to 1.0 (for junior lien or unsecured debt), plus (z) up to an additional $400 million if the 2016 Revolving Credit Facility has been repaid and terminated. The aggregate principal amount outstanding under the 2016 Term Loan Facility at December 31, 2020 was $883.9 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.

Incremental Revolving Credit Facility under the 2016 Term Loan Agreement: On April 30, 2020, Products Corporation entered into the 2020 Joinder Agreement, with Revlon, certain of their subsidiaries and the Incremental Lenders under the 2016 Term Loan Agreement to provide for the 2020 Incremental Facility. On the closing of the 2020 Incremental Facility, Products Corporation borrowed $63.5 million of revolving loans for working capital purposes and subsequently on May 11, 2020 Products Corporation also borrowed the additional $1.5 million of delayed funding revolving loans. On May 28, 2020, the 2020 Incremental Facility was repaid in full, and the commitments thereunder terminated.

2016 Term Loan Facility Extension Amendment: In connection with the 2020 BrandCo Refinancing Transactions, term loan lenders under the 2016 Term Loan Facility were offered the opportunity to participate at par in the 2020 BrandCo Facilities based on their holdings of term loans under the 2016 Term Loan Facility. Lenders participating in the 2020 BrandCo Facilities, as well as other consenting lenders representing, in the aggregate, a majority of the loans and commitments under the 2016 Term Loan Facility, consented to the Extension Amendment, which, among other things, made certain modifications to the covenants thereof and extended the maturity date of certain consenting lenders’ term loans to June 30, 2025, subject to (i) the same September 7, 2023 springing maturity date of the non-extended term loans under the 2016 Term Loan Facility if, on such date, $75 million or more in aggregate principal amount of the non-extended term loans under the 2016 Term Loan Facility remains outstanding, and (ii) a springing maturity of 91 days prior to the August 1, 2024 maturity date of the 6.25% Senior Notes if, on such date, $100 million or more in aggregate principal amount of the 6.25% Senior Notes remains outstanding. The Extension Amendment became effective on the BrandCo 2020 Facilities Closing Date. As of December 31, 2020, approximately $30.6 million in aggregate principal amount of Extended Term Loans were outstanding after giving effect to the 2020 BrandCo Refinancing Transactions. The Extended Term Loans bear interest at a rate of LIBOR (with a LIBOR floor of 0.75%) plus 3.50% per annum, payable not less than quarterly in arrears in cash, consistent with the interest rate applicable to the non-extended term loans. Approximately $17.0 million of accrued interest outstanding on the 2016 Term Loan Facility was paid on the BrandCo 2020 Facilities Closing Date. The aggregate principal amount of non-extended term loans under the 2016 Term Loan Facility as of December 31, 2020 was approximately $853.3 million.

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.

Under the BrandCo TSA, Supporting BrandCo Lenders agreed to take certain actions to facilitate the Exchange Offer and Consent Solicitation, including, among other things: (i) consenting to amendments to the 2020 BrandCo Term Loan Facility to permit the exchange of Existing 5.75% Senior Notes for, among other things, the New BrandCo Second-Lien Term Loans under the 2020 BrandCo Term Loan Facility as contemplated by the Offering Memorandum and the payment of the BrandCo Support and Consent Consideration and (ii) consenting to other amendments to the 2020 BrandCo Term Loan Facility and the Amended 2016 Revolving Credit Facility to permit the Exchange Offer and Consent Solicitation to be completed as contemplated by the Offering Memorandum. In connection with such amendments, Products Corporation agreed to provide, among other things, $10.0 million aggregate principal amount of New BrandCo Second-Lien Term Loans to one of the Supporting BrandCo Lenders in exchange for $18.7 million aggregate principal amount of Products Corporation’s 6.25% Senior Notes held by such Supporting BrandCo Lender as consideration upon the successful consummation of the Exchange Offer: The aggregate principal amount outstanding under the 6.25% Senior Notes at December 31, 2020 was $431.3 million.

Covenants

Products Corporation was in compliance with all applicable covenants under the 2020 BrandCo Credit Agreement, 2016 Credit Agreements, the 2018 Foreign Asset-Based Term Agreement, the 2020 Restated Line of Credit Facility, as well as with all applicable covenants under its 6.25% Senior Notes Indenture, in each case as of December 31, 2020. At December 31, 2020, 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, 2020		Availability at December 31, 2020 (a)
Amended 2016 Revolving Credit Facility	$	400.0	$	356.9	$	188.9	$	168.0


2020 Restated Line of Credit Facility	$	30.0	N/A		$	—	$	—

(a) Availability as of December 31, 2020 is based upon the borrowing base then in effect under the Amended 2016 Revolving Credit Facility of $356.9 million, less $188.9 million then drawn consisting of $138.9 million Tranche A revolving loans and $50 million of 2020 ABL FILO Term Loans. As Products Corporation’s consolidated fixed charge coverage ratio was greater than 1.0 to 1.0 as of December 31, 2020, all of the $168.0 million of availability under the Amended 2016 Revolving Credit Facility was available as of such date. The 2018 Tranche B under the Amended 2016 Revolving Credit Facility was fully repaid in May 2020. The revolving commitments under the 2020 Restated Line of Credit Facility were terminated on December 31, 2020.

The Company’s foreign subsidiaries held $89.8 million out of the Company's total $97.1 million in cash and cash equivalents as of December 31, 2020. 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.

FAIR VALUE MEASUREMENTS

12 Months Ended

Dec. 31, 2020

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, 2020 and December 31, 2019, the Company did not have any financial assets and liabilities that were required to be measured at fair value.

As of December 31, 2020, 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, 2020
	Fair Value
	Level 1		Level 2		Level 3		Total		Carrying Value
Liabilities:
Long-term debt, including current portion(a)	$	—	$	2,168.9	$	—	$	2,168.9	$	3,322.5

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

(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.

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.

PENSION AND POST-RETIREMENT BENEFITS

FINANCIAL INSTRUMENTS	12 Months Ended
FINANCIAL INSTRUMENTS	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
FINANCIAL INSTRUMENTS	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 $7.8 million and $11.4 million (including amounts available under credit agreements in effect at that time) were maintained as of December 31, 2020 and December 31, 2019, respectively. Included in these amounts are approximately $5.3 million and $8.3 million in standby letters of credit that primarily support Products Corporation’s workers compensation, general liability and automobile insurance programs, in each case as outstanding as of December 31, 2020 and December 31, 2019, respectively. At December 31, 2020 all of the outstanding letters of credit were collateralized with a deposit of cash at the issuing financial institution. The estimated liability under such programs is accrued by Products Corporation.

PENSION AND POST-RETIREMENT BENEFITS

12 Months Ended

Dec. 31, 2020

Retirement Benefits [Abstract]

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 12%, 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 $1.4 million and $5.5 million during 2020 and 2019, 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 2020, the Company did not make discretionary profit-sharing contributions to the Savings Plan and Excess Savings Plan. 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.

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 19, "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,
	2020		2019		2020		2019
Change in Benefit Obligation:
Benefit obligation - beginning of year	$	(629.7)	$	(591.0)	$	(13.4)	$	(12.2)
Service cost	(1.7)		(1.9)		—		—
Interest cost	(15.0)		(20.0)		(0.3)		(0.4)
Actuarial (loss) gain	(65.8)		(59.3)		(1.5)		(1.5)
Settlement and Curtailment gain	5.5		—		—		—


Benefits paid	44.0		43.6		0.7		0.7
Plan Amendments	0.2		(1.2)		—		—
Plan participant contributions	(0.5)		(0.6)		—		—
Foreign currency translation adjustments	(3.5)		0.7		—		—
Benefit obligation - end of year	$	(666.5)	$	(629.7)	$	(14.5)	$	(13.4)
Change in Plan Assets:
Fair value of plan assets - beginning of year	$	462.4	$	432.4	$	—	$	—
Actual return (loss) on plan assets	35.9		61.3		—		—
Employer contributions	9.1		11.4		0.7		0.7

Settlement gain	(4.1)		—		—		—
Benefits paid	(44.0)		(43.6)		(0.7)		(0.7)

Plan participant contributions	0.5		0.6		—		—
Foreign currency translation adjustments	3.2		0.3		—		—
Fair value of plan assets - end of year	$	463.0	$	462.4	$	—	$	—
Unfunded status of plans at December 31, 2020	$	(203.5)	$	(167.3)	$	(14.5)	$	(13.4)

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, 2020 and 2019 consisted of the following:




	Pension Plans				Other Post-Retirement Benefit Plans
	December 31,
	2020		2019		2020		2019
Other long-term assets	$	1.3	$	3.6	$	—	$	—

Accrued expenses and other	(6.2)		(2.7)		(0.7)		(0.4)
Pension and other post-retirement benefit liabilities	(198.6)		(168.2)		(13.8)		(13.0)
Total liability	$	(203.5)	$	(167.3)	$	(14.5)	$	(13.4)

Accumulated other comprehensive loss, gross	$	307.5	$	266.1	$	5.1	$	4.0
Income tax benefit	(50.6)		(48.7)		(0.9)		(1.0)
Portion allocated to Revlon Holdings	(0.8)		(0.8)		0.2		0.2
Accumulated other comprehensive loss, net	$	256.1	$	216.6	$	4.4	$	3.2

With respect to the above accrued expenses and other, the Company has recorded receivables from affiliates of $2.2 million and $2.3 million at December 31, 2020 and 2019, respectively, relating to pension plan liabilities retained by such affiliates.

The projected benefit obligation, accumulated benefit obligation and fair value of plan assets for the Company's pension plans are as follows:



	December 31,
	2020		2019
Projected benefit obligation	$	666.5	$	629.7
Accumulated benefit obligation	663.6		627.9
Fair value of plan assets	463.0		462.4

The $36.8 million increase in the Company’s projected pension benefit obligation at December 31, 2020 as compared to December 31, 2019, is primarily due to the reduction in the discount rates, which had the effect of increasing the Company’s projected pension benefit obligation by approximately $50.5 million.

Net Periodic Benefit Cost

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


	Pension Plans				Other Post-Retirement Benefit Plans
	Year Ended December 31,
	2020		2019		2020		2019
Net periodic benefit costs:
Service cost	$	1.7	$	1.9	$	—	$	—
Interest cost	15.0		20.0		0.3		0.4
Expected return on plan assets	(22.8)		(25.1)		—		—
Amortization of actuarial loss	11.0		9.9		0.4		0.2
Curtailment and Settlement gain	(1.5)		—		—		—
Total net periodic benefit costs prior to allocation	$	3.4	$	6.7	$	0.7	$	0.6
Portion allocated to Revlon Holdings	(0.1)		(0.1)		—		—
Total net periodic benefit costs	$	3.3	$	6.6	$	0.7	$	0.6

In the year ended December 31, 2020, the Company recognized net periodic benefit cost of $4.0 million, compared to net periodic benefit cost of $7.2 million in the year ended December 31, 2019, primarily due to lower interest costs and higher curtailment and settlement gains in 2020, partially offset by lower expected return on plan assets and higher amortization of actuarial loss.

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


	Year Ended December 31,
		2020		2019
Net periodic benefit costs:

Selling, general and administrative expense		$	1.7	$	1.9
Miscellaneous, net		2.3		5.3
Total net periodic benefit costs		$	4.0	$	7.2

Amounts recognized in accumulated other comprehensive loss at December 31, 2020 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	$	306.6	$	5.1	$	311.7
Prior service cost	0.9		—		0.9
Accumulated Other Comprehensive Loss, Gross	307.5		5.1		312.6
Income tax benefit	(50.6)		(0.9)		(51.5)
Portion allocated (to) from Revlon Holdings	(0.8)		0.2		(0.6)
Accumulated Other Comprehensive Loss, Net	$	256.1	$	4.4	$	260.5

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
	2020		2019			2020		2019
Discount rate	2.18	%	3.01	%		1.33	%	1.81	%
Rate of future compensation increases	N/A		3.50	%		1.81	%	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
	2020		2019		2020		2019
Discount rate	3.01	%	4.13	%	1.81	%	2.52	%
Expected long-term return on plan assets	5.50	%	6.00	%	3.39	%	4.86	%
Rate of future compensation increases	N/A		3.50	%	2.02	%	2.02	%

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 5.50% and 3.39% weighted-average long-term rate of return on plan

assets assumption during 2020 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 2020 were as follows:


	Target Ranges
	U.S. Plans	International Plans
Asset Class:
Common and preferred stock	0% - 10%	—
Mutual funds	15% - 35%	—
Fixed income securities	0% - 20%	—
Common and collective funds	50% - 70%	100%
Hedge funds	0% - 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, 2020 and 2019:


	U.S. Plans				International Plans
	2020		2019			2020		2019
Fair value of plan assets	$	377.6	$	380.6		$	85.4	$	81.8

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, 2020 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	—		—		—		—
International Equities	21.7		21.7		—		—
Emerging Markets International Equity	1.7		1.7		—		—
U.S. Small/Mid Cap Equity	1.1		1.1		—		—
Cash and Cash Equivalents	6.0		6.0		—		—
Other (b)	1.2		1.2		—		—
Fixed Income Securities:
Corporate Bonds	—		—		—		—
Government Bonds	68.1		—		68.1		—
Common and Collective Funds (a):
Corporate Bonds	34.6		20.7		13.9		—
Government Bonds	38.7		4.8		33.9		—
U.S. Large Cap Equity	59.0		51.0		8.0		—
U.S. Small/Mid Cap Equity	24.6		24.6		—		—
International Equities	72.7		4.4		68.3		—
Emerging Markets International Equity	24.5		19.1		5.4		—
Cash and Cash Equivalents	1.8		1.8		—		—
Other (b)	0.6		—		0.6		—
Cash and Cash Equivalents	5.0		5.0		—		—
Total Plan Assets in the fair value hierarchy	$	387.9	$	189.7	$	198.2	—

Investments measured at Net Asset Value (c)
Common and Collective Funds	45.9
Hedge Funds	29.2
Total Plan Assets measured at Net Asset Value	$	75.1

Total Plan Assets at Fair Value	$	463.0	$	189.7	$	198.2	—

(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, 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.

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 2020 or 2019.

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
2021	$	46.5	$	1.5
2022	$	43.9	$	1.5
2023	$	42.4	$	1.4
2024	$	41.6	$	1.3
2025	$	40.9	$	1.2
Years 2026 to 2030	$	187.4	$	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 the year ended December 31, 2020, $9.1 million and $0.7 million were contributed to the Company’s pension plans and other post-retirement benefit plans, respectively. During 2021, the Company expects to contribute approximately $29 million in the aggregate to its pension and other post-retirement benefit plans.

As a result of the CARES Act passed by the U.S. Congress in March 2020 to address the economic environment resulting from COVID-19, and in accordance with the Limited Relief for Pension Funding and Retirement Plan Distributions provision of such act, the Company deferred to 2021 approximately $11.8 million of contributions that were otherwise scheduled to be paid to its two qualified pension plans at different earlier dates during 2020. The deferral was in effect only for 2020 and under the CARES relief provisions the Company was required to pay the contributions by no later than January 4, 2021, including interest at the plans’ 2020 effective interest rate ("EIR") from the original due date to the actual payment date. The Company paid the contributions by the due date. The first quarterly contributions for the two qualified plans were originally due by April 15, 2020. The Company had already made $1.6 million in contributions to its qualified pension plans during the first quarter of 2020, prior to adopting the aforementioned provision of the CARES Act.

The entire disclosure for retirement benefits.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 55
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921

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Share-based Payment Arrangement [Abstract]

STOCK COMPENSATION PLAN

12 Months Ended

Dec. 31, 2020

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 1.7 million shares available for grant as of December 31, 2020. 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, 2020 and 2019, there were no options exercisable under the Stock Plan and there was no stock option activity for 2020 and 2019.

Restricted stock awards and restricted stock units:

A summary of the restricted stock and RSU activity for each of 2020 and 2019 is presented in the following table:


	Restricted Stock (000's)	Weighted Average Grant Date Fair Value Per Share
Outstanding at January 1, 2019	1,406.7	20.32
Granted(a)	1,163.5	21.72
Vested(b)	(299.1)	21.80
Forfeited(a)	(249.5)	20.11
Outstanding at December 31, 2019	2,021.6	20.93
Granted(a)	1,065.3	14.91
Vested(b)	(494.7)	20.52
Forfeited	(793.3)	20.00
Outstanding at December 31, 2020	1,798.9	17.89

(a) 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. The 2020 grants include nil restricted stock awards and 1,065,319 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 2020 and 2019, 148,620 and 92,260 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 15, "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 $10.4 million and $8.1 million during 2020 and 2019, respectively. The 2020 total compensation expense consisted of $1.8 million related to restricted stock awards and $1.1 million and $7.5 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 2020 and 2019 was $10.2 million and $6.5 million, respectively. The deferred stock-based compensation balance related to restricted stock awards was $25.3 million at December 31, 2020. Of this balance, $1.7 million related to restricted stock awards and $23.6 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 1.39 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 no shares of restricted stock to any executives during 2020. 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.

Revlon 2019 Transaction Incentive Program

In August 2019, it was disclosed that MacAndrews & Forbes and Revlon 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, 2020, a total of 58,773 time-based RSUs under Tier 1 of the 2019 TIP had been granted and are outstanding. 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 and through December 31, 2020, the Company granted $3.9 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 since the program's inception and through December 31, 2020 is approximately $5.4 million, of which $4.1 million were recorded during the year ended December 31, 2020, within "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 generally 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.

During 2020, the Company granted approximately 1.1 million time-based and performance-based RSU awards under the Stock Plan (the "2020 LTIP RSUs") to certain employees. See the roll-forward table in the following sections of this Note 12 for activity related to the year ended December 31, 2020.

Acceleration of Vesting

Under the aforementioned provisions for acceleration of vesting, as of December 31, 2020 and since the time these provisions became effective in September 2019, 49,642 LTIP RSUs and 41,203 2019 TIP Tier 1 RSUs were vested on an accelerated basis due to involuntary terminations, resulting in accelerated amortization of approximately $1.7 million. In addition, for the year ended December 31, 2020 and under the same accelerated vesting provisions, the Company also recorded approximately $1.6 million of accelerated amortization in connection with the cash portion of the 2019 TIP Tier 1 and Tier 2 awards that were vested on an accelerated basis due to involuntary terminations. See the roll-forward table in the following sections of this Note 12 for activity related to the year ended December 31, 2020.

During the year ended December 31, 2020, 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 programs, 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, 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
Granted
2019 TIP RSUs Granted (b)	11.7	10.24		n/a	—
LTIP RSUs:
2020	577.3	14.96		476.3	14.96
2019	—	—		—	—
2018	—	—		—	—
2017 (a)	—	—		—	—
Total LTIP RSUs Granted	577.3			476.3
Vested
2019 TIP RSUs Vested (b)(c)	(97.7)	16.12		—	—
LTIP RSUs:
2019 (c)	(141.8)	22.55		—	—
2018 (c)	(113.7)	19.32		—	—
2017 (a)(c)	(53.4)	19.70		(14.2)	19.70
Total LTIP RSUs Vested	(308.9)			(14.2)
Forfeited/Canceled
2019 TIP RSUs Forfeited/Canceled (b)	(55.8)	16.44		n/a	—
LTIP RSUs:
2020	(80.8)	14.96		(13.4)	14.96
2019	(114.5)	22.55		(170.3)	22.55
2018	(61.8)	17.98		(148.8)	18.44
2017 (a)	(0.6)	19.70		(96.7)	19.70
Total LTIP RSUs Forfeited/Canceled	(257.7)			(429.2)
Outstanding as of December 31, 2020
2019 TIP RSUs	58.8	15.95		n/a	—
LTIP RSUs:
2020	496.5	14.96		462.9	14.96
2019	169.3	22.55		255.3	22.55
2018	66.4	19.40		215.9	19.42
2017 (a)	—	—		—	—
Total LTIP RSUs	732.2			934.1
Total LTIP and TIP RSUs Outstanding as of December 31, 2020	791.0			934.1

(a) The 2017 time-based and performance-based LTIP RSUs were recognized over a 2-year service and performance period (i.e., 2018 and 2019).

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

(c) Includes acceleration of vesting upon involuntary terminations for the year ended December 31, 2020 of 44,182 RSUs under the 2019 and 2018 LTIPs and of 41,203 RSUs under the 2019 TIP Tier I awards.

Time-Based LTIP and TIP RSUs

The Company recognized $7.2 million of net compensation expense related to the time-based LTIP and TIP RSUs for the year ended December 31, 2020, respectively. As of December 31, 2020, the Company had $8.5 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 $1.3 million of net compensation expense related to the performance-based LTIP RSUs for the year ended December 31, 2020, respectively. The amount of net compensation expense recognized during the year ended December 31, 2020 was affected by adjustments to the awards' expected achievement rates made primarily as a result of the ongoing adverse impact of COVID-19 on the Company's results of operations. As of December 31, 2020, the Company had $15.1 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.

INCOME TAXES

12 Months Ended

Dec. 31, 2020

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,
	2020		2019
Loss from continuing operations before income taxes:
United States	$	(357.0)	$	(293.0)
Foreign	(103.2)		128.0
	$	(460.2)	$	(165.0)
Provision for income taxes:
United States federal	$	143.5	$	(23.2)
State and local	8.1		7.0
Foreign	7.2		16.4
	$	158.8	$	0.2
Current:
United States federal	$	3.5	$	5.8
State and local	1.8		(1.8)
Foreign	(2.0)		26.0
	$	3.3	$	30.0
Deferred:
United States federal	$	140.1	$	(29.0)
State and local	6.3		8.8
Foreign	9.1		(9.6)
	$	155.5	$	(29.8)





Total provision for income taxes	$	158.8	$	0.2

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 $158.8 million (Products Corporation - provision for income taxes of $140.5 million) for the year ended December 31, 2020 and a provision for income taxes of $0.2 million (Products Corporation - provision for income taxes of $1.6 million) for the year ended December 31, 2019, respectively. The $158.6 million increase (Products Corporation - $138.9 million) in the provision from income taxes in the year ended December 31, 2020, compared to the year ended December 31, 2019, was primarily due to: (i) the increase in the valuation allowance recorded on net federal deferred tax assets, (ii) the mix and level of earnings; and (iii) non-deductible impairment charges for which no tax benefit is recognized.

The Company's effective tax rate for the year ended December 31, 2020 was lower than the federal statutory rate of 21% primarily due to the increase in the valuation allowance recorded on the net federal deferred tax assets and the impact of non-deductible impairment charges, partially offset by the impact of the "Coronavirus Aid, Relief and Economic Security Act" (the "CARES Act"), signed into law on March 27, 2020 by President Trump, which resulted in a partial release of a valuation allowance on the Company's 2019 federal tax attributes associated with the limitation on the deductibility of interest.

The CARES Act, among other things, includes provisions providing for refundable payroll tax credits, the deferral of employer social security tax payments, acceleration of alternative minimum tax credit refunds and the increase of the net interest deduction limitation from 30% to 50%. The Company has adopted the net interest deduction limitation of 50% for the taxable period ending December 31, 2020 as outlined in the CARES Act.

The Company's effective tax rate for the year ended December 31, 2019 was lower than the federal statutory rate of 21%, primarily due to the valuation allowance related to the limitation on the deductibility of interest and the U.S. tax on the Company's foreign earnings.

As of December 31, 2020, 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,
	2020		2019
Computed income tax benefit	$	(96.6)	$	(34.6)
State and local taxes, net of U.S. federal income tax benefit	1.8		(3.3)
Foreign rate differential and other foreign adjustments	23.8		(5.4)
Net establishment of valuation allowance	193.7		19.1
Net establishment of uncertain tax positions	4.4		0.7
Foreign dividends and earnings taxable in the U.S.	7.9		23.2
Impairment for which there is no tax benefit	17.0		—


Other	6.8		0.5
Total provision for income taxes	$	158.8	$	0.2

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, 2020 and 2019 were comprised of the following:


	December 31,
	2020		2019
Deferred tax assets:
Inventories	$	19.0	$	19.8
Net operating loss carryforwards - U.S. (a)	174.5		165.5
Net operating loss carryforwards - foreign	51.4		55.0
Disallowed Interest Carryover - U.S.	61.2		63.1
Employee benefits	58.1		64.3

Sales-related reserves	16.2		20.4
Lease liability	26.6		20.3
Deferred revenue	17.2		0.1
Restructuring - debt refinancing	14.2		—
Other	58.8		55.4
Total gross deferred tax assets	497.2		463.9
Less valuation allowance	(369.4)		(163.3)
Total deferred tax assets, net of valuation allowance	127.8		$	300.6
Deferred tax liabilities:
Plant, equipment and other assets	(34.9)		$	(43.9)
Intangibles	(62.8)		(73.3)
Other	(7.6)		(8.1)
Total gross deferred tax liabilities	(105.3)		(125.3)
Net deferred tax assets	22.5		$	175.3

(a) Net operating loss carryforwards - U.S. for Products Corporation as of December 31, 2020 and December 31, 2019 were $158.9 million and $146.1 million, respectively.

In assessing the recoverability of its deferred tax assets, the Company continually evaluates all 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 December 31, 2020, the Company concluded that, based on its evaluation of objectively verifiable evidence, it is no longer more likely than not that its net federal deferred tax assets are recoverable. In assessing the realizability of deferred tax assets, the key assumptions used to determine positive and negative evidence included the Company’s cumulative taxable loss for the past three years, future reversals of existing taxable temporary differences, the Company's cost reduction initiatives and efficiency efforts, as well as the ongoing and prolonged impact COVID-19 pandemic on the Company. Accordingly, the Company recorded a charge of $189.5 million in the fourth quarter of 2020 as a reserve against its net federal deferred tax assets. .

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, 2020, the deferred tax valuation allowance primarily represented amounts for its net U.S. federal deferred tax assets for which the Company has determined it is more likely than not they will not be recoverable, foreign jurisdictions where, as of the end of 2020, 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 increased by $206.1 million and decreased by $2.4 million during 2020 and 2019, respectively. The increase in the deferred tax valuation allowance during 2020 was primarily associated with the assessment of the realizability of the federal deferred tax assets for which the Company has determined it is more likely than not that it will not receive a benefit. 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.

As of December 31, 2020, the Company had domestic (federal) and foreign net operating loss carryforwards of $969.3 million, of which $277.1 million are foreign and $692.2 million are domestic (federal). These losses expire in future years as follows: 2021- $2.5 million; 2022- $1.9 million; 2023 and beyond- $642.9 million; and no expiration- $321.9 million. The Company also has certain state net operating loss carryforwards that expire between 2021 and 2039. 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, 2020, 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: the U.S. (federal) for the tax years ended December 31, 2017 and forward; Spain for the tax years ended December 31, 2014 and forward; Canada for the tax years ended December 31, 2013 and forward; Australia for the tax years ended December 31, 2016 and forward; Switzerland for the tax years ended June 30, 2015 and forward; Japan for the tax years ended December 31, 2015 and forward; and the U.K. for the tax years ended December 31, 2017 and forward.

At December 31, 2020 and 2019, the Company had unrecognized tax benefits of $84.4 million and $78.0 million, respectively, including $15.6 million and $11.7 million, respectively, of accrued interest and penalties. Of the $84.4 million of unrecognized tax benefits as of December 31, 2020, $53.5 million would affect the Company's effective tax rate, if recognized, and the remaining $30.9 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 $3.9 million and $1.9 million in 2020 and 2019, 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, 2019	$	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
Increase based on tax positions taken in a prior year	3.5		6.4		9.9
Decrease based on tax positions taken in a prior year	(3.3)		(1.0)		(4.3)
Increase based on tax positions taken in the current year	5.5		—		5.5
Decrease resulting from the lapse of statutes of limitations	(3.2)		(1.5)		(4.7)
Balance at December 31, 2020	$	68.8	$	15.6	$	84.4

In addition, the Company believes that it is reasonably possible that its unrecognized tax benefits will decrease in 2021 by approximately $3.6 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 19, "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 19, "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 2020, the Company's cash tax payments included $0.1 million of payments made to MacAndrews & Forbes in connection with these filings, and the Company's ending tax asset, which is a component of prepaid and other current assets, 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.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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

ACCUMULATED OTHER COMPREHENSIVE LOSS

12 Months Ended

Dec. 31, 2020

ACCUMULATED OTHER COMPREHENSIVE LOSS

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


	Foreign Currency Translation		Actuarial (Loss) Gain on Post-retirement Benefits		Other		Accumulated Other Comprehensive Loss
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 January 1, 2020	$	(27.3)	$	(219.8)	$	(0.3)	$	(247.4)
Foreign currency translation adjustment, net of tax of nil million	10.2		—		—		10.2
Amortization of pension related costs, net of tax of nil million (a)	—		11.4		—		11.4

Pension re-measurement, net of tax of $1.9 million	—		(52.1)		—		(52.1)


Other comprehensive (loss) gain	$	10.2	$	(40.7)	$	—	$	(30.5)
Balance at December 31, 2020	$	(17.1)	$	(260.5)	$	(0.3)	$	(277.9)

(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 11, "Pension and Post-retirement Benefits," for further information on the Company’s pension and other post-retirement plans.

For the year ended December 31, 2020 and 2019, the Company did not have any activity related to derivative instruments.

STOCKHOLDERS' DEFICIENCY

12 Months Ended

Dec. 31, 2020

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, 2019	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
Restricted stock grants (a)	1,065,319	—
Restricted stock forfeitures	(793,296)	—
Withholding of restricted stock to satisfy taxes	—	148,620

Balance, December 31, 2020	56,742,513	1,774,200

(a) The 2019 and 2020 grants include 67,214 and nil restricted stock awards, respectively, and 1,096,324 and 1,065,319 RSUs, respectively, the latter granted pursuant to the 2019 TIP and LTIP programs under the Stock Plan. See Note 12., "Stock Compensation Plan," for further discussion of the Company's Stock Plan.

Common Stock

As of December 31, 2020, 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, 2020, MacAndrews & Forbes beneficially owned approximately 86.7% 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 2020 the Company withheld a total of 148,620 shares of Revlon Class A Common Stock to satisfy its minimum statutory tax withholding requirements related to the vesting of shares of restricted stock and RSUs. These shares were recorded as treasury stock using the cost method, at a weighted average of $10.98 per share, based on the NYSE closing price per share on each applicable vesting date, for a total of $1.7 million. 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. 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.

SEGMENT DATA AND RELATED INFORMATION

12 Months Ended

Dec. 31, 2020

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, 2020, 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,
		2020		2019
Segment Net Sales:
Revlon		$	688.4	$	958.8
Elizabeth Arden		463.5		520.0
Portfolio		401.3		487.8
Fragrances		351.1		453.0
Total		$	1,904.3	$	2,419.6

Segment Profit:
Revlon		$	86.5	$	101.2
Elizabeth Arden		39.6		37.6
Portfolio		47.4		45.0
Fragrances		66.6		82.3
Total		$	240.1	$	266.1

Reconciliation:
Total Segment Profit		$	240.1	$	266.1
Less:

Depreciation and amortization		143.3		162.9
Non-cash stock compensation expense		10.4		8.1
Non-Operating items:
Restructuring and related charges		68.7		30.5
Acquisition, integration and divestiture costs		5.0		3.9
(Gain) loss on divested assets		(0.5)		(26.6)
Financial control remediation and sustainability actions and related charges		9.6		13.4
Excessive coupon redemptions		4.2		13.2
COVID-19 charges		46.3		—


Capital structure and related charges		35.3		—
Impairment charges		144.1		—



Operating (loss) income		(226.3)		60.7
Less:
Interest Expense		243.3		196.6

Amortization of debt issuance costs		26.8		14.6

Gain on early extinguishment of debt		(43.1)		—
Foreign currency (gains) losses, net		(6.0)		(1.9)
Miscellaneous, net		12.9		16.4
Loss from continuing operations before income taxes		$	(460.2)	$	(165.0)

Products Corporation



	Year Ended December 31,
		2020		2019
Segment Net Sales:
Revlon		$	688.4	$	958.8
Elizabeth Arden		463.5		520.0
Portfolio		401.3		487.8
Fragrances		351.1		453.0
Total		$	1,904.3	$	2,419.6

Segment Profit:
Revlon		$	89.1	$	104.3
Elizabeth Arden		41.4		39.3
Portfolio		48.9		46.6
Fragrances		67.9		83.8
Total		$	247.3	$	274.0

Reconciliation:
Total Segment Profit		$	247.3	$	274.0
Less:

Depreciation and amortization		143.3		162.9
Non-cash stock compensation expense		10.4		8.1
Non-Operating items:
Restructuring and related charges		68.7		30.5
Acquisition, integration and divestiture costs		5.0		3.9
Gain on divested assets		(0.5)		(26.6)
Financial control remediation and sustainability actions and related charges		9.6		13.4


Excessive coupon redemptions		4.2		13.2
COVID-19 charges		46.3		—
Capital structure and related charges		35.3		—
Impairment charge		144.1		—

Operating (loss) income		(219.1)		68.6
Less:
Interest Expense		243.3		196.6

Amortization of debt issuance costs		26.8		14.6

Gain on early extinguishment of debt		(43.1)		—
Foreign currency (gains) losses, net		(6.0)		(1.9)
Miscellaneous, net		12.9		16.4
Loss from continuing operations before income taxes		$	(453.0)	$	(157.1)

As of December 31, 2020, 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 18% and 15% of the Company’s worldwide net sales in 2020 and 2019, respectively.

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, 2020
		Revlon		Elizabeth Arden		Portfolio		Fragrances		Total
Geographic Area(1):
Net Sales
North America		$	381.0	$	104.4	$	247.9	$	253.4	$	986.7
EMEA*		146.3		95.7		122.9		69.9		434.8
Asia		49.9		239.2		2.2		10.9		302.2
Latin America*		50.9		5.8		16.2		4.7		77.6
Pacific*		60.3		18.4		12.1		12.2		103.0
		$	688.4	$	463.5	$	401.3	$	351.1	$	1,904.3


	Year Ended December 31, 2019
		Revlon		Elizabeth Arden		Portfolio		Fragrances		Total
Geographic Area(1):
Net Sales
North America		497.2		120.4		298.9		309.2		$	1,225.7
EMEA*		199.9		130.6		149.8		102.9		583.2
Asia		107.9		236.1		4.2		16.1		364.3
Latin America*		75.5		9.2		22.2		10.2		117.1
Pacific*		78.3		23.7		12.7		14.6		129.3
		$	958.8	$	520.0	$	487.8	$	453.0	$	2,419.6

(1) During the first quarter of 2020, the Company changed the presentation of its Travel Retail business, which previously was included in its EMEA Region, as it is currently presented within each geographic area in accordance with the location of the retail customer. Travel Retail net sales represented approximately 2.1% and 4.6% of the Company's total net sales for the year ended December 31, 2020 and 2019, respectively. Prior year amounts have been updated to reflect the current year presentation.

* The EMEA region includes Europe, the Middle East and Africa; the Latin America region includes Mexico, Central America and South America; and the Pacific region includes Australia and New Zealand.



	Year Ended December 31,
		2020	2019
Classes of similar products:
Net sales:
Color cosmetics			$	452.0	24%	$	769.9	32%
Fragrance			486.1		25%	611.7		26%
Hair care			456.1		24%	513.8		21%
Beauty care			189.0		10%	176.9		7%
Skin care			321.1		17%	347.3		14%
			$	1,904.3		$	2,419.6

The following table presents the Company's long-lived assets by geographic area:


	December 31, 2020			December 31, 2019
Long-lived assets, net:
United States	$	1,194.9	82%	$	1,414.0	83%
International	260.7		18%	280.1		17%
	$	1,455.6		$	1,694.1

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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Earnings Per Share, Basic and Diluted [Abstract]

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

12 Months Ended

Dec. 31, 2020

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 shares of Class A Common Stock 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 the years ended December 31, 2020 and 2019, 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, 2020 and 2019, there were no outstanding stock options under the Company's Stock Plan. See Note 12, "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,
		2020		2019
Numerator:
Loss from continuing operations, net of taxes		$	(619.0)	$	(165.2)
Income from discontinued operations, net of taxes		—		7.5
Net loss		$	(619.0)	$	(157.7)
Denominator:
Weighted-average common shares outstanding – Basic		53,401,324		53,081,321
Effect of dilutive restricted stock and RSUs		—		—
Weighted-average common shares outstanding – Diluted		53,401,324		53,081,321
Basic and Diluted (loss) earnings per common share:
Continuing operations		$	(11.59)	$	(3.11)
Discontinued operations		—		0.14
Net loss per common share		$	(11.59)	$	(2.97)





Unvested restricted stock and RSUs under the Stock Plan(a)		—		478,202

(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, 2020
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES On August 12, 2020, UMB Bank, National Association (“UMB”), purporting to act as successor agent under the Term Credit Agreement, dated as of September 7, 2016 (as amended as of May 7, 2020 and as otherwise amended, restated, supplemented or otherwise modified from time to time, the “2016 Credit Agreement”), filed a lawsuit, captioned UMB Bank, National Association v. Revlon, Inc. et al., against Revlon, Inc., Products Corporation, several of Products Corporation’s subsidiaries, and several of Products Corporation’s contractual counterparties, including Citibank, Jefferies Finance LLC, Jefferies LLC, and Ares Corporate Opportunities Fund V, in the U.S. District Court for the Southern District of New York (the “Complaint”). The Complaint alleged various claims, including breach of contract and fraudulent transfers, stemming from alleged breaches of the 2016 Credit Agreement arising from certain other financing transactions entered into by the Company. The Complaint was never served on any defendant, and on November 6, 2020, having failed to serve the lawsuit on any defendant or make any effort to pursue the case, UMB Bank dismissed the case without prejudice to its right to refile it at a later date. The Company is also 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, 2020
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS As of December 31, 2020, MacAndrews & Forbes beneficially owned approximately 86.7% 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. 5.75% Senior Notes Exchange Offer MacAndrews & Forbes tendered approximately $15.5 million of 5.75% Senior Notes into the Exchange Offer and, in exchange, received the Mixed Consideration as described herein, in accordance with the terms and conditions of the Exchange Offer. Additionally, MacAndrews & Forbes acquired the rights to the Mixed Consideration to be received by certain holders in the Exchange Offer. Subsequently, MacAndrews & Forbes sold its interest in the ABL FILO Term Loans and the New BrandCo Second-Lien Term Loans in the open market, according to disclosures by MacAndrews & Forbes in Amendment No. 15 to their Schedule 13D. Transfer and 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. To ensure the availability of directors and officers liability insurance coverage through January 2023, the Company and MacAndrews & Forbes agreed to collectively make payments under MacAndrews & Forbes’ D&O Insurance Program. In furtherance of such arrangement, during 2020, the Company made payments of approximately $5.3 million to MacAndrews & Forbes under the Reimbursement Agreements. Consequently, as of December 31, 2020, the Company has no balance outstanding in respect of its participation in the D&O Insurance Program. In June 1992, Revlon and Products Corporation entered into an asset transfer agreement (“Transfer Agreement”) with Revlon Holdings Inc. ("Revlon Holdings"), which is an affiliate of MacAndrews & Forbes. Revlon Holdings transferred certain assets to Revlon and Products Corporation and Revlon and Products Corporation assumed all of the liabilities of Revlon Holdings, other than certain specifically excluded assets and liabilities. The net activity related to services purchased under the Transfer and Reimbursement Agreements during the year ended December 31, 2020 and 2019 was $0.8 million income and $0.5 million expense, respectively. As of December 31, 2020 and December 31, 2019, a receivable balance of $0.1 million from, and a payable balance of $0.2 million to, MacAndrews & Forbes, respectively, were included in the Company's Consolidated Balance Sheet for transactions subject to the Transfer and Reimbursement Agreements. Tax Sharing Agreements As a result of a debt-for-equity exchange transaction completed in March 2004 (the "2004 Revlon Exchange Transactions"), as of March 25, 2004, Revlon, Products Corporation and their U.S. subsidiaries were no longer included in the MacAndrews & Forbes Group for U.S. federal income tax purposes. See Note 13, "Income Taxes," for further discussion on these agreements and related transactions in 2020 and 2019. 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. 2020 Restated Line of Credit Facility See Note 8, "Debt," regarding the 2020 Restated Line of Credit Facility 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 8, "Debt," for a discussion of the terms of the 2016 Credit Agreements and Senior Notes. During the year ended December 31, 2020 and 2019, 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 $32.6 million and $55.1 million of coupon redemptions for the Company's retail customers for the year ended December 31, 2020 and 2019, respectively, for which the Company incurred fees of approximately $0.9 million and $1.0 million for the year ended December 31, 2020 and 2019, respectively, and other similar advertising, coupon redemption and raw material supply services, for which the Company had net payables aggregating to approximately $0.3 million and $0.5 million for the year ended December 31, 2020 and 2019, respectively. As of December 31, 2020 and December 31, 2019, a payable balance of approximately $0.6 million and $5.5 million, 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 by the Company, the Company took several organizational measures in response to COVID-19 in 2020, including instituting salary reductions for members of the Company’s Executive Leadership Team. Also, as previously disclosed by the Company, in the third quarter, the salary reductions for members of the Company’s Executive Leadership Team were partially adjusted. Also in connection with such COVID-19 organizational measures, in March 2020, the Company agreed in writing with each of Ms. Mitra Hormozi and Mr. E. Scott Beattie, a member of the Board of Directors of the Company, that, effective April 1, 2020, their provision of advisory services to the Company was suspended, and payment of their consulting fees was also suspended. In connection with Ms. Hormozi’s resignation from the Board in July 2020, the Company and Ms. Hormozi terminated her Consulting Agreement, dated as of November 7, 2019, as amended. As previously disclosed in the Company’s 2019 Form 10-K, prior to this suspension of services and payments, in March 2020, the Company and Mr. Beattie entered into an Amended and Restated Consulting Agreement (the “2020 Consulting Agreement”), pursuant to which he was scheduled to serve as Senior Advisor to the Company’s CEO for an additional year, subject to automatic 1-year renewals, unless either party elects not to renew, and subject to certain standard termination rights, in consideration for which, the Company would pay Mr. Beattie a fee of $250,000 per year, supplemental to the Board’s compensation program for non-employee directors. The foregoing description of the 2020 Consulting Agreement is qualified in its entirety by reference to the full text of such agreement, a copy of which was filed with the SEC on March 12, 2020 together with the Company’s 2019 Form 10-K. On January 1, 2021, the Company reinstated Mr. Beattie’s advisory services and payment of his consulting fees and extended the term of his 2020 Consulting Agreement to March 31, 2021. On March 10, 2021, the Company and Mr. Beattie entered into an Amendment to the 2020 Consulting Agreement, effective April 1, 2021, pursuant to which he will continue to provide advisory services to the Company until April 1, 2022 (the “Term”). As compensation for Mr. Beattie’s advisory services during the Term, the Company shall grant him restricted stock units (the “RSUs”) equivalent in value to the fee set forth in the 2020 Consulting Agreement, which shall vest in accordance with the terms of the Amendment to the 2020 Consulting Agreement. The foregoing description of the Amendment to the 2020 Consulting Agreement is qualified in its entirety by reference to the full text of such agreement, a copy of which is incorporated by reference into this Form 10-K as Exhibit 10.20.

PRODUCTS CORPORATION AND SUBSIDIARIES GUARANTOR FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2020

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"). As of December 31, 2020, there were no notes outstanding related to the 5.75% Senior Notes. For further information, please see Note 8, "Debt".

The following Condensed Consolidating Financial Statements present the financial information as of December 31, 2020 and December 31, 2019, and for each of the years ended December 31, 2020 and 2019 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, 2020
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated

ASSETS
Cash and cash equivalents	$	5.5	$	2.5	$	89.1	$	—	$	97.1
Trade receivables, less allowances for doubtful accounts	86.0		95.7		170.6		—		352.3
Inventories, net	121.3		147.7		193.6		—		462.6
Prepaid expenses and other	220.6		24.6		55.3		—		300.5
Intercompany receivables	3,592.2		3,549.6		614.1		(7,755.9)		—
Investment in subsidiaries	1,653.6		2.3		—		(1,655.9)		—
Property, plant and equipment, net	178.5		72.1		101.4		—		352.0
Deferred income taxes	—		10.6		23.5		—		34.1
Goodwill	48.9		264.0		250.8		—		563.7
Intangible assets, net	10.0		187.8		233.0		—		430.8
Other assets	67.9		9.3		31.9		—		109.1
Total assets	$	5,984.5	$	4,366.2	$	1,763.3	$	(9,411.8)	$	2,702.2
LIABILITIES AND STOCKHOLDER’S DEFICIENCY
Short-term borrowings	$	—	$	—	$	2.5	$	—	$	2.5
Current portion of long-term debt	159.2		—		58.3		—		217.5
Accounts payable	72.5		48.0		82.8		—		203.3
Accrued expenses and other	144.1		61.7		217.4		—		423.2
Intercompany payables	3,897.1		3,162.0		696.6		(7,755.7)		—
Long-term debt	3,104.7		—		0.3		—		3,105.0
Other long-term liabilities	377.3		33.8		42.6		—		453.7
Total liabilities	7,754.9		3,305.5		1,100.5		(7,755.7)		4,405.2
Stockholder’s (deficiency) equity	(1,770.4)		1,060.7		662.8		(1,656.1)		(1,703.0)
Total liabilities and stockholder’s (deficiency) equity	$	5,984.5	$	4,366.2	$	1,763.3	$	(9,411.8)	$	2,702.2


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, net	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) equity	(1,075.9)		943.9		671.6		(1,629.0)		(1,089.4)
Total liabilities and stockholder’s (deficiency) equity	$	5,517.4	$	3,840.7	$	1,556.8	$	(7,794.0)	$	3,120.9



Products Corporation and Subsidiaries Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income
Year Ended December 31, 2020
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net Sales	$	433.8	$	523.0	$	947.5	$	—	$	1,904.3
Cost of sales	213.4		273.7		373.4		—		860.5
Gross profit	220.4		249.3		574.1		—		1,043.8
Selling, general and administrative expenses	363.0		234.0		467.6		—		1,064.6
Acquisition, integration and divestiture costs	4.8		—		0.2		—		5.0
Restructuring charges and other, net	23.7		11.2		14.8		—		49.7
Impairment charges	112.1		22.0		10.0		—		144.1
Gain on divested assets	(0.5)		—		—		—		(0.5)
Operating (loss) income	(282.7)		(17.9)		81.5		—		(219.1)
Other (income) expense:
Intercompany interest, net	(3.6)		2.3		1.3		—		—
Interest expense	236.8		—		6.5		—		243.3
Amortization of debt issuance costs	26.8		—		—		—		26.8
Gain on early extinguishment of debt	(43.1)		—		—		—		(43.1)
Foreign currency losses, net	5.2		0.3		(11.5)		—		(6.0)
Miscellaneous, net	(3.1)		(89.4)		105.4		—		12.9
Other expense (income), net	219.0		(86.8)		101.7		—		233.9
Loss from continuing operations before income taxes	(501.7)		68.9		(20.2)		—		(453.0)
Provision for (benefit from) for income taxes	174.5		(44.9)		10.9		—		140.5
Loss from continuing operations, net of taxes	(676.2)		113.8		(31.1)		—		(593.5)

Equity in (loss) income of subsidiaries	88.3		(29.0)		—		(59.3)		—
Net (loss) income	$	(587.9)	$	84.8	$	(31.1)	$	(59.3)	$	(593.5)
Other comprehensive (loss) income	(30.5)		(4.7)		5.0		(0.3)		(30.5)
Total comprehensive (loss) income	$	(618.4)	$	80.1	$	(26.1)	$	(59.6)	$	(624.0)


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) expenses:
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 income (loss) of subsidiaries	144.5		19.0		—		(163.5)		—
Net (loss) income	$	(94.6)	$	(7.3)	$	114.2	$	(163.5)	$	(151.2)
Other comprehensive income (loss)	(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 Statements of Cash Flows
Year Ended December 31, 2020
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash (used in) provided by operating activities	$	(91.4)	$	—	$	(5.9)	$	—	$	(97.3)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash used in investing activities	(7.7)		(0.3)		(2.3)		—		(10.3)



CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in short-term borrowings and overdraft	4.6		(0.4)		0.1		—		4.3
Borrowings under the 2020 BrandCo Facilities	880.0		—		—		—		880.0
Repurchases of the 5.75% Senior Notes	(281.4)		—		—		—		(281.4)
Net borrowings (repayments) under the Amended 2016 Revolving Credit Facility	(133.5)		—		—		—		(133.5)


Net borrowings (repayments) under the 2019 Term Loan Facility (a)	(200.0)		—		—		—		(200.0)
Repayments under the 2018 Foreign Asset-Based Term Loan	(31.4)		—		—		—		(31.4)
Repayments under the 2016 Term Loan Facility	(11.5)		—		—		—		(11.5)
Payment of financing costs	(122.7)		—		0.7		—		(122.0)
Tax withholdings related to net share settlements of restricted stock and RSUs	(1.7)		—		—		—		(1.7)
Other financing activities	(0.1)		(0.1)		(0.1)		—		(0.3)
Net cash provided by (used in) financing activities	102.3		(0.5)		0.7		—		102.5
Effect of exchange rate changes on cash, cash equivalents and restricted cash	2.4		2.1		(1.4)		—		3.1
Net increase (decrease) in cash, cash equivalents and restricted cash	5.6		1.3		(8.9)		—		(2.0)
Cash, cash equivalents and restricted cash at beginning of period	$	1.0	$	6.4	$	97.2	$	—	$	104.5
Cash, cash equivalents and restricted cash at end of period	$	6.6	$	7.7	$	88.3	$	—	$	102.5


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 investing activities	(17.1)		(2.0)		21.2		—		2.1
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in short-term borrowings and overdraft	(7.1)		(3.7)		(6.5)		—		(17.3)
Net borrowings (repayments) under the Amended 2016 Revolving Credit Facility	(62.6)		—		—		—		(62.6)
Net borrowings (repayments) under the 2019 Term Loan Facility (a)	200.0		—		—		—		200.0
Repayments under the 2016 Term Loan Facility	(18.0)		—		—		—		(18.0)


Payments of financing costs	(15.3)		—		—		—		(15.3)
Tax withholdings related to net share settlements of restricted stock and RSUs	(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 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

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Dec. 31, 2020
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS 2021 Foreign Asset-Based Term Facility On March 2, 2021 (the “2021 ABTL Closing Date”), Revlon Finance LLC (the “ABTL Borrower”), a wholly owned indirect subsidiary of Revlon Consumer Products Corporation (“Products Corporation”), certain foreign subsidiaries of Products Corporation party thereto as guarantors, the lenders party thereto and Blue Torch Finance LLC, as administrative agent and collateral agent (the “ABTL Agent”), entered into an Asset-Based Term Loan Credit Agreement (the “2021 Foreign Asset-Based Term Agreement”, and the term loan facility thereunder, the “2021 Foreign Asset-Based Term Facility”). Principal and Maturity: The 2021 Foreign Asset-Based Term Facility provides for a U.S. dollar-denominated senior secured asset-based term loan facility in an aggregate principal amount of $75 million, the full amount of which was funded on the closing of the facility. On the 2021 ABTL Closing Date, approximately $7.5 million of the proceeds of the 2021 Foreign Asset-Based Term Facility were deposited in an escrow account by the ABTL Agent pending completion of certain post-closing perfection actions with respect to certain foreign real property of the guarantors constituting collateral securing the 2021 Foreign Asset-Based Term Facility. The 2021 Foreign Asset-Based Term Facility has an uncommitted incremental facility pursuant to which it may be increased from time to time by up to the amount of the borrowing base in effect at the time such incremental facility is incurred, subject to certain conditions and the agreement of the lenders providing such increase. The proceeds of the loans under the 2021 Foreign Asset-Based Term Facility were used (i) to repay in full the obligations under the Asset-Based Term Loan Credit Agreement, dated as of July 9, 2018, as amended, among the ABTL Borrower, the other subsidiaries of Products Corporation party thereto, the lenders party thereto and Citibank, N.A., as administrative agent and collateral agent (the “ABTL Refinancing”), (ii) to pay fees and expenses in connection with the 2021 Foreign Asset-Based Term Facility and the ABTL Refinancing and (iii) for working capital and other general corporate purposes. The 2021 Foreign Asset-Based Term Facility matures on March 2, 2024, subject to a springing maturity date of August 1, 2023 if, on such date, any principal amount of loans under the 2016 Term Loan Agreement due September 7, 2023 remain outstanding. The 2021 Foreign Asset-Based Term Agreement requires the maintenance of a borrowing base supporting the borrowing thereunder, to be evidenced with the delivery of biweekly 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 2021 Foreign Asset-Based Term Facility is based on the sum of: (i) 80% of eligible accounts receivable; (ii) 65% of the net orderly liquidation value of eligible finished goods inventory; and (iii) 45% of the mortgage value of eligible real property, in each case with respect to certain of Products Corporation’s subsidiaries organized in Australia, Bermuda, Germany, Italy, Spain and Switzerland (the “ABTL Borrowing Base Guarantors”). The borrowing bases in each jurisdiction are subject to certain customary availability reserves set by the ABTL Agent. Guarantees and Security: The 2021 Foreign Asset-Based Term Facility is guaranteed by the Borrowing Base Guarantors, as well as by the direct parent entities of each ABTL Borrowing Base Guarantor (not including Revlon, Inc. or Products Corporation) on a limited recourse basis (the “ABTL Parent Guarantors”) and by certain subsidiaries of Products Corporation organized in Mexico (the “ABTL Other Guarantors” and, together with the ABTL Borrower and the ABTL Borrowing Base Guarantors, the “ABTL Loan Parties”). The obligations of the ABTL Loan Parties and the ABTL Parent Guarantors under the 2021 Foreign Asset-Based Term Facility are secured by first-ranking pledges of the equity of each ABTL Loan Party (other than the Other Guarantors), the inventory and accounts receivable of the ABTL 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 2021 Foreign Asset-Based Term Facility) and certain other material assets of the ABTL Borrowing Base Guarantors, subject to customary exceptions and exclusions. The 2021 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 2021 Foreign Asset-Based Term Agreement, and in any event at least quarterly, and accrues on borrowings under the 2021 Foreign Asset-Based Term Facility at a rate per annum equal to the LIBOR rate, with a floor of 1.50%, plus an applicable margin equal to 8.50%. The ABTL Borrower is obligated to pay certain fees and expenses in connection with the 2021 Foreign Asset-Based Term Facility, including a fee payable to Blue Torch Finance LLC for its services as Agent. Loans under the 2021 Foreign Asset-Based Term Facility may be prepaid without premium or penalty, subject to a prepayment premium equal to 3.0% of the aggregate principal amount of loans prepaid or repaid during the first year after the 2021 ABTL Closing Date, 2.0% of the aggregate principal amount of loans prepaid or repaid during the second year after the 2021 ABTL Closing Date and 1.0% of the aggregate principal amount of loans prepaid or repaid thereafter. Affirmative and Negative Covenants: The 2021 Foreign Asset-Based Term Agreement contains certain affirmative and negative covenants that, among other things, limit the ABTL 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 ABTL 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 2021 Foreign Asset-Based Term Agreement also contains a financial covenant requiring the ABTL Loan Parties to maintain a minimum average balance of cash and cash equivalents of $3.5 million, tested monthly, based on the last 10 business days of each month, subject to certain cure rights. The 2021 Foreign Asset-Based Term Agreement also contains certain customary representations, warranties and events of default. Prepayments: The ABTL Borrower must prepay loans under the 2021 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 into a designated U.S. bank account with the ABTL Agent that is subject to a control agreement (such cash, the “Qualified Cash”). If an event of default occurs and is continuing, the Qualified Cash may be applied, at the ABTL Agent’s option, to prepay the loans under the 2021 Foreign Asset-Based Term Facility. If the borrowing base subsequently exceeds the outstanding loans, the ABTL Borrower can withdraw Qualified Cash from such bank account to the extent of such excess. In addition, the 2021 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. As a result of the ABTL Refinancing and the closing of the 2021 Asset-Based Term Facility without the participation of M&F as a lender, M&F’s commitment in respect of the New European ABL FILO Facility under the 2020 Restated Line of Credit Facility terminated on the ABTL Closing Date in accordance with its terms (see “Financial Condition, Liquidity and Capital Resources - Amended 2016 Revolving Credit Agreement and 2018 Foreign Asset-Based Term Facility” in Item 7 of this Form 10-K and Note 8, “Debt,” to the Company's Consolidated Financial Statements in this Form 10-K). Amendment No. 7 to Amended 2016 Revolving Credit Agreement On March 8, 2021, Products Corporation entered into Amendment No. 7 to the Amended 2016 Revolving Credit Agreement (“Amendment No. 7”). Amendment No. 7, will, among other things, make certain amendments pursuant to which (i) the maturity date applicable to the “Tranche A” revolving loans under the Amended 2016 Revolving Credit Agreement will be extended from September 7, 2021 to June 8, 2023, (ii) the commitments under the “Tranche A” revolving facility will be reduced from $400 million to $300 million and (iii) a new $100 million senior secured second-in, second-out term loan facility maturing June 8, 2023 (the “SISO Facility”) will be established and Products Corporation will borrow $100 million of term loans thereunder. The funding date of Amendment No. 7 is expected to occur on or about March 11, 2021. Except as to pricing, maturity, enforcement priority and certain voting rights, the terms of the SISO Facility are substantially consistent with the first-in, last-out “Tranche B” term loan facility under the Amended 2016 Revolving Credit Agreement, including as to guarantees and collateral. Term loans under the SISO Facility will accrue interest at the LIBOR rate, subject to a floor of 1.75%, plus a margin of 5.75%. In addition, Amendment No. 7 will increase the interest rate margin applicable to the “Tranche A” revolving loans by 0.50% to a range of 2.50% to 3.0%, depending on average excess revolving availability. Products Corporation will pay certain customary fees to Citibank, N.A. and the lenders under the Amended 2016 Revolving Credit Facility in connection with Amendment No. 7. Citibank Litigation In the matter captioned In re Citibank August 11, 2020 Wire Transfers, No. 20-cv-06539-JMF (S.D.N.Y. Feb. 16, 2021) (the “Citi Decision”), the United States District Court for the Southern District of New York held that certain wire transfers mistakenly paid by Citibank, N.A. (“Citi”) from its own funds on August 11, 2020 to holders of term loans issued to Revlon under a Term Credit Agreement dated as of September 7, 2016 (as amended, the “2016 Facility”) were final and complete transactions not subject to revocation. The wire payments at issue were made to all lenders under the 2016 Facility in amounts equaling the principal and interest outstanding on the loans at that time. Certain lenders that received the payments returned the funds soon after the mistaken transfer, but holders of approximately $504 million did not, and as a result of the Citi Decision those lenders are entitled to keep the funds in discharge of their debt. Citi has appealed the Citi Decision. Citi has also asserted subrogation rights, but, as yet, there has been no determination of those rights (if any) under the 2016 Facility and Revlon has not taken a position on this issue. In these circumstances, it is the current intention of the Company to continue to make the scheduled payments under the 2016 Facility as if the full amount of the 2016 Facility remains outstanding.

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2020
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.
Cash and Cash Equivalents and Restricted Cash	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 5, "Property, Plant and Equipment," for further discussion.
Other Assets	Included in other assets are permanent wall displays amounting to $82.2 million and $101.0 million as of December 31, 2020 and 2019, 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.
Deferred Financing Costs	Deferred Financing CostsThe Company capitalizes financing costs and amortizes such costs over the terms of the related debt instruments using the effective-interest method.
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. In accordance with ASC Topic 350, “Intangibles – Goodwill and Other,” the Company performs its annual impairment test during the fourth quarter of each year. The Company also reviews goodwill for impairment whenever events or changes in circumstances indicate that the carrying value of its goodwill may not be recoverable. After the close of each interim quarter, management assesses whether there exists any indicators of impairment requiring the Company to perform an interim goodwill impairment analysis. In performing its goodwill impairment assessments, the Company uses the simplified approach allowed under ASU No. 2017-04, "Simplifying the Test for Goodwill Impairment." Following the results of such assessments, the Company records non-cash impairment charges in the amount by which the carrying value of each reporting unit exceeded its respective fair value, limited to the amount of each reporting unit's goodwill. Impairment charges are included as a separate component of operating income within the "Impairment charges" caption on the face of the Company's Consolidated Statement of Operations and Comprehensive Loss for the applicable quarter-to-date and year-to-date periods. During 2020, the Company performed interim goodwill impairment analyses during the first, second and third quarters of the year, which resulted in the recognition of $99.8 million and $11.2 million of non-cash goodwill impairment charges in the first and second quarter of 2020, respectively, as further specified in Note 6, "Goodwill and Intangible Assets, Net". For 2020, in assessing whether goodwill was impaired in connection with its annual impairment testing performed during the fourth quarter of 2020 using October 1, 2020 carrying values, the Company, in accordance with Financial Accounting Standards Board ("FASB"), Accounting Standard Codification ("ASC") 350, Intangibles - Goodwill and Other ("ASC 350"), performed a qualitative assessment for its Revlon reporting unit and quantitative assessments for its (i) Elizabeth Arden Skin and Color, (ii) Elizabeth Arden Fragrances, (iii) Fragrances, and (iv) Professional Portfolio reporting units. As further specified in Note 6, "Goodwill", the Mass Portfolio reporting unit no longer has any goodwill associated with it starting from the second quarter of 2020. For 2019, the Company did not have any goodwill impairment charges.
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 1st 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, Costs of Sales, and Distribution Costs	Revenue Recognition and Sales Returns The Company follows ASU No. 2014-09, "Revenue from Contracts with Customers". In accordance with the 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. See Note 16, "Segment Data and Related Information," for additional disclosures related to ASU No. 2014-09, "Revenue from Contracts with Customers". 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. Distribution CostsCosts associated with product distribution, such as freight and handling costs, are recorded within SG&A expenses when incurred.
Selling, General and Administrative Expenses	Selling, General and Administrative Expenses Selling, general and administrative ("SG&A") expenses include expenses to advertise the Company's products, such as television advertising production costs and air-time costs, print advertising costs, digital marketing costs, promotional displays and consumer promotions. SG&A expenses also include the amortization of permanent wall displays and finite-lived intangible assets, depreciation of certain fixed assets, distribution costs (such as freight and handling), non-manufacturing overhead (principally personnel and related expenses), selling and trade educations fees, insurance and professional service fees.
Advertising	Advertising Advertising within SG&A expenses includes television, print, digital marketing and other advertising production costs that are expensed the first time the advertising takes place. The costs of promotional displays are expensed in the period in which they are shipped to customers. Advertising expenses were $332.1 million and $446.8 million for 2020 and 2019, 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 Taxes Income taxes are calculated using the asset and liability method. Under this method, the Company recognizes deferred tax assets and liabilities for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases, as well as for operating loss and tax credit carryforwards. The Company measures deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The Company recognizes the effect of a change in income tax rates on deferred tax assets and liabilities in income in the period that includes the enactment date. The Company records valuation allowances to reduce deferred tax assets when management determines that it was more likely than not that a tax benefit will not be realized. The Company recognizes a tax position in its financial statements when management determines that it was more likely than not that the position will be sustained upon examination, based on the merits of such position. The Company recognizes liabilities for unrecognized tax positions in the U.S. and other tax jurisdictions based on an estimate of whether and the extent to which additional taxes will be due. If payment of these amounts is ultimately not required, the reversal of the liabilities would result in additional tax benefits recognized in the period in which the Company determines that the liabilities are no longer required. If the estimate of tax liabilities is ultimately less than the final assessment, this will result in a further charge to expense. The Company recognizes interest and penalties related to income tax matters in income tax expense.
Research and Development	Research and 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 17, "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.
Recently Evaluated and/or Adopted and Recently Issued Accounting Pronouncements	Recently Evaluated and/or Adopted Accounting Pronouncements 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 fiscal years ending after December 15, 2020. The Company adopted this guidance (on a retrospective basis for certain new additional disclosures), as of December 31, 2020. This pronouncement only affects disclosure items and has no impact on the Company’s results of operations, financial condition and/or financial statement disclosures. In August 2018, the FASB issued Accounting Standard Update ("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 adoption of this new guidance did not have a material impact on the Company’s results of operations, financial condition and/or financial statement disclosures. Recently Issued Accounting Pronouncements In March 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." The new guidance under ASU 2020-04 provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts and hedging relationships that reference LIBOR or another reference rate expected to be discontinued due to reference rate reform. These amendments are effective immediately and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. The Company is in the process of assessing the impact, if any, that ASU No. 2020-04 is expected to have on the Company’s results of operations, financial condition and/or financial statement disclosures. 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, calculating income taxes in interim periods and how a company accounts for future events. 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. After reviewing this ASU, the Company will adopt this guidance beginning as of January 1, 2021. The Company completed its assessment of the possible effects of this ASU upon its implementation and determined that it is not expected to have significant impacts 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. 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, 2020

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,
	2020		2019
Cash and cash equivalents	$	97.1	$	104.3
Restricted cash(a)	5.4		0.2
Total cash, cash equivalents and restricted cash	$	102.5	$	104.5

(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, 2020

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Charges

A summary of the 2020 Restructuring Charges incurred since its inception in March 2020 and through December 31, 2020 is presented in the following table:



	Restructuring Charges and Other, Net
	Employee Severance and Other Personnel Benefits		Other Costs		Total Restructuring Charges		Leases (a)		Other Related Charges (b)		Total Restructuring and Related Charges

Cumulative charges incurred through December 31, 2020	$	48.6	$	1.9	$	50.5	$	12.6	$	5.7	$	68.8

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

A summary of the 2020 Restructuring Charges incurred since its inception in March 2020 and through December 31, 2020 by reportable segment is presented in the following table:



	Cumulative charges incurred through December 31, 2020
Revlon	$	20.7
Elizabeth Arden	9.4
Portfolio	13.6
Fragrances	6.8
Total	$	50.5

A summary of the 2018 Optimization Restructuring Charges incurred since its inception in November 2018 and through December 31, 2020 is presented in the following table:



	Restructuring Charges and Other, Net
	Employee Severance and Other Personnel Benefits(a)		Other Costs		Total Restructuring Charges		Inventory Adjustments(b)		Other Related Charges(c)		Total Restructuring and Related Charges
Charges incurred through December 31, 2019	$	20.3	$	0.3	$	20.6	$	4.9	$	14.0	$	39.5
Charges incurred during the year ended December 31, 2020	(0.6)		—		(0.6)		—		0.8		0.2
Cumulative charges incurred through December 31, 2020	$	19.7	$	0.3	$	20.0	$	4.9	$	14.8	$	39.7

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

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

(c) 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, 2020 by reportable segment is presented in the following table:



	Charges incurred during the year ended December 31, 2020		Cumulative charges incurred through December 31, 2020
Revlon	$	(0.3)	$	8.5
Elizabeth Arden	(0.1)		4.2
Portfolio	(0.1)		3.9
Fragrances	(0.1)		3.4
Total	$	(0.6)	$	20.0

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, 2020		Expense, Net		Foreign Currency Translation		Cash		Non-cash		Liability Balance at December 31, 2020
Revlon 2020 Restructuring Program:
Employee severance and other personnel benefits	$	—	$	48.6	$	—	$	(36.0)	$	—	$	12.6
Other	—		1.9		—		(1.9)		—		—
Total Revlon 2020 Restructuring Program	—		50.5		—		(37.9)		—		12.6

2018 Optimization Program:
Employee severance and other personnel benefits	5.7		(0.6)		—		(4.0)		—		1.1

Total 2018 Optimization Program	5.7		(0.6)		—		(4.0)		—		1.1









Other immaterial actions:(a)
Employee severance and other personnel benefits	4.3		(0.2)		0.2		(4.2)		—		0.1


Total restructuring reserve	$	10.0	$	49.7	$	0.2	$	(46.1)	$	—	$	13.8


							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.

INVENTORIES (Tables)

12 Months Ended

Dec. 31, 2020

Inventory Disclosure [Abstract]

Components of Inventories

The Company's net inventory balances consisted of the following:


	December 31,
	2020		2019
Finished goods	$	356.7	$	326.5
Raw materials and supplies	97.1		110.4
Work-in-process	8.8		11.5
	$	462.6	$	448.4

PREPAID EXPENSES AND OTHER (Tables)

12 Months Ended

Dec. 31, 2020

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

Prepaid Expenses and Other

The Company's prepaid expenses and other balances were as follows:


	December 31,
	2020		2019
Prepaid expenses	$	66.7	$	68.9
Taxes (a)	36.1		40.4
Other	31.6		26.0
	$	134.4	$	135.3

(a) Taxes for Products Corporation as of December 31, 2020 and December 31, 2019 were $32.1 million and $36.5 million, respectively.

PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Components of Property, Plant and Equipment Balances

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



	December 31,
	2020		2019
Land and improvements	$	11.4	$	10.8
Building and improvements	48.3		51.6
Machinery and equipment	98.7		114.7
Office furniture, fixtures and capitalized software	76.2		100.3
Leasehold improvements	21.3		24.5
Construction-in-progress	9.1		14.0
Right-of-Use assets	87.0		92.7
Property, plant and equipment and Right-of-Use assets, net	$	352.0	$	408.6

Schedule of Lease Cost

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


	Year Ended
	December 31, 2020			December 31, 2019
Lease Cost:
Finance Lease Cost:
Amortization of ROU assets	$	0.3		$	0.3
Interest on lease liabilities	0.1			0.2
Operating Lease Cost	38.9			41.7
Total Lease Cost	$	39.3		$	42.2

Other Information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	0.1			0.2
Operating cash flows from operating leases	36.3			39.4
Financing cash flows from finance leases	0.2			0.8

	December 31, 2020			December 31, 2019
ROU assets for finance leases	0.6			1.0
ROU assets for operating leases	86.3			91.4
Accumulated amortization on ROU assets for finance leases	0.6			0.3
Accumulated amortization on ROU assets for operating leases	39.9			23.2

Weighted-average remaining lease term - finance leases	2.1 years			2.8 years
Weighted-average remaining lease term - operating leases	6.5 years			6.2 years

Weighted-average discount rate - finance leases	15.0		%	15.6		%
Weighted-average discount rate - operating leases	15.8		%	15.8		%

Schedule of Finance Lease Maturities

Maturities of lease liabilities as of December 31, 2020 were as follows:


	Operating Leases		Finance Leases
2021	$	36.5	$	0.5
2022	27.7		0.3
2023	22.9		—
2024	18.8		—
2025	13.7		—
Thereafter	52.7		—
Total undiscounted cash flows	$	172.3	$	0.8

Present value:
Short-term lease liability	$	16.3	$	0.3
Long-term lease liability	86.6		0.3
Total lease liability	$	102.9	$	0.6
Difference between undiscounted cash flows and discounted cash flows	$	69.4	$	0.2

Schedule of Operating Lease Maturities

Maturities of lease liabilities as of December 31, 2020 were as follows:


	Operating Leases		Finance Leases
2021	$	36.5	$	0.5
2022	27.7		0.3
2023	22.9		—
2024	18.8		—
2025	13.7		—
Thereafter	52.7		—
Total undiscounted cash flows	$	172.3	$	0.8

Present value:
Short-term lease liability	$	16.3	$	0.3
Long-term lease liability	86.6		0.3
Total lease liability	$	102.9	$	0.6
Difference between undiscounted cash flows and discounted cash flows	$	69.4	$	0.2

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Goodwill by Segment

The following table presents the changes in goodwill by segment for the year ended December 31, 2020:



	Revlon		Portfolio		Elizabeth Arden		Fragrances		Total
Balance at January 1, 2019	$	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
Foreign currency translation adjustment	0.5		0.3		0.1		0.1		1.0

Goodwill impairment charge	—		(83.5)		(27.5)		—		(111.0)
Balance at December 31, 2020	$	265.4	$	87.9	$	89.5	$	120.9	$	563.7

Cumulative goodwill impairment charges(a)									$	(166.2)

Schedule of Impaired Intangible Assets

A summary of such impairment charges by segments is included in the following table:



	Year Ended
	December 31, 2020
	Revlon		Portfolio		Elizabeth Arden		Fragrances		Total

Indefinite-lived intangible assets	$	—	$	(2.5)	$	(30.6)	$	—	$	(33.1)
Total Intangibles Impairment	$	—	$	(2.5)	$	(30.6)	$	—	$	(33.1)

Summary of Finite-Lived Intangible Assets

The following tables present details of the Company's total intangible assets as of December 31, 2020 and December 31, 2019:


	December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Impairment		Net Carrying Amount		Weighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses	$	272.8	$	(128.6)	$	—	$	144.2	12
Customer relationships	249.9		(110.7)		—		139.2		11
Patents and internally-developed intellectual property	23.6		(15.6)		—		8.0		5
Distribution rights	31.0		(7.5)		—		23.5		14
Other	1.3		(1.3)		—		—		0
Total finite-lived intangible assets	$	578.6	$	(263.7)	$	—	$	314.9

Indefinite-lived intangible assets:
Trade names	$	149.0	N/A		$	(33.1)	$	115.9
Total indefinite-lived intangible assets	$	149.0	N/A		$	(33.1)	$	115.9

Total intangible assets	$	727.6	$	(263.7)	$	(33.1)	$	430.8

	December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Impairment		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

Summary of Indefinite-Lived Intangible Assets

The following tables present details of the Company's total intangible assets as of December 31, 2020 and December 31, 2019:


	December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Impairment		Net Carrying Amount		Weighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses	$	272.8	$	(128.6)	$	—	$	144.2	12
Customer relationships	249.9		(110.7)		—		139.2		11
Patents and internally-developed intellectual property	23.6		(15.6)		—		8.0		5
Distribution rights	31.0		(7.5)		—		23.5		14
Other	1.3		(1.3)		—		—		0
Total finite-lived intangible assets	$	578.6	$	(263.7)	$	—	$	314.9

Indefinite-lived intangible assets:
Trade names	$	149.0	N/A		$	(33.1)	$	115.9
Total indefinite-lived intangible assets	$	149.0	N/A		$	(33.1)	$	115.9

Total intangible assets	$	727.6	$	(263.7)	$	(33.1)	$	430.8

	December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Impairment		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

Estimated Future Amortization Expense



	Estimated Amortization Expense
2021	$	33.5
2022	32.6
2023	31.0
2024	27.6
2025	26.4
Thereafter	163.8
Total	$	314.9

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2020

Payables and Accruals [Abstract]

Components of Accrued Expenses and Other Current Liabilities

The Company's accrued expenses and other current liabilities consisted of the following:


	December 31,		December 31,
	2020		2019
Sales returns and allowances	$	95.5	$	89.7
Advertising, marketing and promotional costs	96.3		82.8
Taxes (a)	41.8		54.3
Compensation and related benefits	50.1		42.1
Interest	29.6		34.0
Professional services and insurance	18.6		16.3
Short-term lease liability	16.6		14.5
Freight and distribution costs	9.5		13.2
Restructuring reserve	13.8		10.0
Software	3.1		4.0
Other (b)	46.0		54.0
Total	$	420.9	$	414.9

(a) Accrued Taxes for Products Corporation as of December 31, 2020 and December 31, 2019 were $44.8 million and $57.6 million, respectively.

(b) 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.

DEBT (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of Components of Long-Term Debt

The table below details the Company's debt balances. See also Note 21, "Subsequent Events," for recent debt activity updates.


	December 31,		December 31,
	2020		2019
2020 New BrandCo Second-Lien Term Loans due 2025 (a)	$	75.0	$	—
2020 New ABL FILO Term Loans due 2023 (a)	50.0		—
2020 Troubled-debt-restructuring: future interest (a)	57.8		—
5.75% Senior Notes due 2021, net of debt issuance costs (a) / (d)	—		498.1
2020 BrandCo Term Loan Facility due 2025, net of debt issuance costs (b)	1,644.8		—
2016 Term Loan Facility: 2016 Term Loan due 2023 and 2025, net of discounts and debt issuance costs (c)	874.8		1,713.6
2019 Term Loan Facility due 2023, net of discounts and debt issuance costs (e)	—		187.1
2018 Foreign Asset-Based Term Facility due 2021, net of discounts and debt issuance costs (f)	57.7		82.3
Amended 2016 Revolving Credit Facility due 2021, net of debt issuance costs (g)	136.7		269.9
6.25% Senior Notes due 2024, net of debt issuance costs (h)	425.4		442.8
Spanish Government Loan due 2025	0.3		0.4


Debt	$	3,322.5	$	3,194.2
Less current portion(*)	(217.5)		(288.0)
Long-term debt	$	3,105.0	$	2,906.2

Short-term borrowings (**)	$	2.5	$	2.2

(**)The weighted average interest rate on these short-term borrowings outstanding at December 31, 2020 and 2019 was 11.7% and 8.3%, respectively.

Schedule of Debt Instrument Redemption

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, 2020, 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, 2020		Availability at December 31, 2020 (a)
Amended 2016 Revolving Credit Facility	$	400.0	$	356.9	$	188.9	$	168.0


2020 Restated Line of Credit Facility	$	30.0	N/A		$	—	$	—

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.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
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-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

Fair Value Disclosure of Asset and Liability Not Measured at Fair Value

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

As of December 31, 2020, 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, 2020
	Fair Value
	Level 1		Level 2		Level 3		Total		Carrying Value
Liabilities:
Long-term debt, including current portion(a)	$	—	$	2,168.9	$	—	$	2,168.9	$	3,322.5

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

(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.

PENSION AND POST-RETIREMENT BENEFITS (Tables)

12 Months Ended

Dec. 31, 2020

Retirement Benefits [Abstract]

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




	Pension Plans				Other Post-Retirement Benefit Plans
	December 31,
	2020		2019		2020		2019
Change in Benefit Obligation:
Benefit obligation - beginning of year	$	(629.7)	$	(591.0)	$	(13.4)	$	(12.2)
Service cost	(1.7)		(1.9)		—		—
Interest cost	(15.0)		(20.0)		(0.3)		(0.4)
Actuarial (loss) gain	(65.8)		(59.3)		(1.5)		(1.5)
Settlement and Curtailment gain	5.5		—		—		—


Benefits paid	44.0		43.6		0.7		0.7
Plan Amendments	0.2		(1.2)		—		—
Plan participant contributions	(0.5)		(0.6)		—		—
Foreign currency translation adjustments	(3.5)		0.7		—		—
Benefit obligation - end of year	$	(666.5)	$	(629.7)	$	(14.5)	$	(13.4)
Change in Plan Assets:
Fair value of plan assets - beginning of year	$	462.4	$	432.4	$	—	$	—
Actual return (loss) on plan assets	35.9		61.3		—		—
Employer contributions	9.1		11.4		0.7		0.7

Settlement gain	(4.1)		—		—		—
Benefits paid	(44.0)		(43.6)		(0.7)		(0.7)

Plan participant contributions	0.5		0.6		—		—
Foreign currency translation adjustments	3.2		0.3		—		—
Fair value of plan assets - end of year	$	463.0	$	462.4	$	—	$	—
Unfunded status of plans at December 31, 2020	$	(203.5)	$	(167.3)	$	(14.5)	$	(13.4)

Schedule of Amounts Recognized in the Consolidated Balance Sheets




	Pension Plans				Other Post-Retirement Benefit Plans
	December 31,
	2020		2019		2020		2019
Other long-term assets	$	1.3	$	3.6	$	—	$	—

Accrued expenses and other	(6.2)		(2.7)		(0.7)		(0.4)
Pension and other post-retirement benefit liabilities	(198.6)		(168.2)		(13.8)		(13.0)
Total liability	$	(203.5)	$	(167.3)	$	(14.5)	$	(13.4)

Accumulated other comprehensive loss, gross	$	307.5	$	266.1	$	5.1	$	4.0
Income tax benefit	(50.6)		(48.7)		(0.9)		(1.0)
Portion allocated to Revlon Holdings	(0.8)		(0.8)		0.2		0.2
Accumulated other comprehensive loss, net	$	256.1	$	216.6	$	4.4	$	3.2

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

The projected benefit obligation, accumulated benefit obligation and fair value of plan assets for the Company's pension plans are as follows:



	December 31,
	2020		2019
Projected benefit obligation	$	666.5	$	629.7
Accumulated benefit obligation	663.6		627.9
Fair value of plan assets	463.0		462.4

Schedule of Components of Net Periodic Benefit Costs

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


	Pension Plans				Other Post-Retirement Benefit Plans
	Year Ended December 31,
	2020		2019		2020		2019
Net periodic benefit costs:
Service cost	$	1.7	$	1.9	$	—	$	—
Interest cost	15.0		20.0		0.3		0.4
Expected return on plan assets	(22.8)		(25.1)		—		—
Amortization of actuarial loss	11.0		9.9		0.4		0.2
Curtailment and Settlement gain	(1.5)		—		—		—
Total net periodic benefit costs prior to allocation	$	3.4	$	6.7	$	0.7	$	0.6
Portion allocated to Revlon Holdings	(0.1)		(0.1)		—		—
Total net periodic benefit costs	$	3.3	$	6.6	$	0.7	$	0.6

Schedule of Classification of Net Periodic Benefit Costs

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


	Year Ended December 31,
		2020		2019
Net periodic benefit costs:

Selling, general and administrative expense		$	1.7	$	1.9
Miscellaneous, net		2.3		5.3
Total net periodic benefit costs		$	4.0	$	7.2

Schedule of Net Periodic Benefit Cost Not yet Recognized





	Pension Benefits		Post-Retirement Benefits		Total
Net actuarial loss	$	306.6	$	5.1	$	311.7
Prior service cost	0.9		—		0.9
Accumulated Other Comprehensive Loss, Gross	307.5		5.1		312.6
Income tax benefit	(50.6)		(0.9)		(51.5)
Portion allocated (to) from Revlon Holdings	(0.8)		0.2		(0.6)
Accumulated Other Comprehensive Loss, Net	$	256.1	$	4.4	$	260.5

Schedule of Defined Benefit Plan Assumptions


	U.S. Plans				International Plans
	2020		2019			2020		2019
Discount rate	2.18	%	3.01	%		1.33	%	1.81	%
Rate of future compensation increases	N/A		3.50	%		1.81	%	2.02	%


	U.S. Plans				International Plans
	2020		2019		2020		2019
Discount rate	3.01	%	4.13	%	1.81	%	2.52	%
Expected long-term return on plan assets	5.50	%	6.00	%	3.39	%	4.86	%
Rate of future compensation increases	N/A		3.50	%	2.02	%	2.02	%

The target ranges per asset class in effect for 2020 were as follows:


	Target Ranges
	U.S. Plans	International Plans
Asset Class:
Common and preferred stock	0% - 10%	—
Mutual funds	15% - 35%	—
Fixed income securities	0% - 20%	—
Common and collective funds	50% - 70%	100%
Hedge funds	0% - 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, 2020 and 2019:


	U.S. Plans				International Plans
	2020		2019			2020		2019
Fair value of plan assets	$	377.6	$	380.6		$	85.4	$	81.8

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, 2020 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	—		—		—		—
International Equities	21.7		21.7		—		—
Emerging Markets International Equity	1.7		1.7		—		—
U.S. Small/Mid Cap Equity	1.1		1.1		—		—
Cash and Cash Equivalents	6.0		6.0		—		—
Other (b)	1.2		1.2		—		—
Fixed Income Securities:
Corporate Bonds	—		—		—		—
Government Bonds	68.1		—		68.1		—
Common and Collective Funds (a):
Corporate Bonds	34.6		20.7		13.9		—
Government Bonds	38.7		4.8		33.9		—
U.S. Large Cap Equity	59.0		51.0		8.0		—
U.S. Small/Mid Cap Equity	24.6		24.6		—		—
International Equities	72.7		4.4		68.3		—
Emerging Markets International Equity	24.5		19.1		5.4		—
Cash and Cash Equivalents	1.8		1.8		—		—
Other (b)	0.6		—		0.6		—
Cash and Cash Equivalents	5.0		5.0		—		—
Total Plan Assets in the fair value hierarchy	$	387.9	$	189.7	$	198.2	—

Investments measured at Net Asset Value (c)
Common and Collective Funds	45.9
Hedge Funds	29.2
Total Plan Assets measured at Net Asset Value	$	75.1

Total Plan Assets at Fair Value	$	463.0	$	189.7	$	198.2	—

(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, 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.

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
2021	$	46.5	$	1.5
2022	$	43.9	$	1.5
2023	$	42.4	$	1.4
2024	$	41.6	$	1.3
2025	$	40.9	$	1.2
Years 2026 to 2030	$	187.4	$	4.7

STOCK COMPENSATION PLAN (Tables)

12 Months Ended

Dec. 31, 2020

Share-based Payment Arrangement [Abstract]

Restricted stock units award activity

A summary of the restricted stock and RSU activity for each of 2020 and 2019 is presented in the following table:


	Restricted Stock (000's)	Weighted Average Grant Date Fair Value Per Share
Outstanding at January 1, 2019	1,406.7	20.32
Granted(a)	1,163.5	21.72
Vested(b)	(299.1)	21.80
Forfeited(a)	(249.5)	20.11
Outstanding at December 31, 2019	2,021.6	20.93
Granted(a)	1,065.3	14.91
Vested(b)	(494.7)	20.52
Forfeited	(793.3)	20.00
Outstanding at December 31, 2020	1,798.9	17.89


	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, 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
Granted
2019 TIP RSUs Granted (b)	11.7	10.24		n/a	—
LTIP RSUs:
2020	577.3	14.96		476.3	14.96
2019	—	—		—	—
2018	—	—		—	—
2017 (a)	—	—		—	—
Total LTIP RSUs Granted	577.3			476.3
Vested
2019 TIP RSUs Vested (b)(c)	(97.7)	16.12		—	—
LTIP RSUs:
2019 (c)	(141.8)	22.55		—	—
2018 (c)	(113.7)	19.32		—	—
2017 (a)(c)	(53.4)	19.70		(14.2)	19.70
Total LTIP RSUs Vested	(308.9)			(14.2)
Forfeited/Canceled
2019 TIP RSUs Forfeited/Canceled (b)	(55.8)	16.44		n/a	—
LTIP RSUs:
2020	(80.8)	14.96		(13.4)	14.96
2019	(114.5)	22.55		(170.3)	22.55
2018	(61.8)	17.98		(148.8)	18.44
2017 (a)	(0.6)	19.70		(96.7)	19.70
Total LTIP RSUs Forfeited/Canceled	(257.7)			(429.2)
Outstanding as of December 31, 2020
2019 TIP RSUs	58.8	15.95		n/a	—
LTIP RSUs:
2020	496.5	14.96		462.9	14.96
2019	169.3	22.55		255.3	22.55
2018	66.4	19.40		215.9	19.42
2017 (a)	—	—		—	—
Total LTIP RSUs	732.2			934.1
Total LTIP and TIP RSUs Outstanding as of December 31, 2020	791.0			934.1

(a) The 2017 time-based and performance-based LTIP RSUs were recognized over a 2-year service and performance period (i.e., 2018 and 2019).

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

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2020

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,
	2020		2019
Loss from continuing operations before income taxes:
United States	$	(357.0)	$	(293.0)
Foreign	(103.2)		128.0
	$	(460.2)	$	(165.0)
Provision for income taxes:
United States federal	$	143.5	$	(23.2)
State and local	8.1		7.0
Foreign	7.2		16.4
	$	158.8	$	0.2
Current:
United States federal	$	3.5	$	5.8
State and local	1.8		(1.8)
Foreign	(2.0)		26.0
	$	3.3	$	30.0
Deferred:
United States federal	$	140.1	$	(29.0)
State and local	6.3		8.8
Foreign	9.1		(9.6)
	$	155.5	$	(29.8)





Total provision for income taxes	$	158.8	$	0.2

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,
	2020		2019
Computed income tax benefit	$	(96.6)	$	(34.6)
State and local taxes, net of U.S. federal income tax benefit	1.8		(3.3)
Foreign rate differential and other foreign adjustments	23.8		(5.4)
Net establishment of valuation allowance	193.7		19.1
Net establishment of uncertain tax positions	4.4		0.7
Foreign dividends and earnings taxable in the U.S.	7.9		23.2
Impairment for which there is no tax benefit	17.0		—


Other	6.8		0.5
Total provision for income taxes	$	158.8	$	0.2

Components of deferred Tax Assets and Liabilities

The Company's deferred tax assets and liabilities at December 31, 2020 and 2019 were comprised of the following:


	December 31,
	2020		2019
Deferred tax assets:
Inventories	$	19.0	$	19.8
Net operating loss carryforwards - U.S. (a)	174.5		165.5
Net operating loss carryforwards - foreign	51.4		55.0
Disallowed Interest Carryover - U.S.	61.2		63.1
Employee benefits	58.1		64.3

Sales-related reserves	16.2		20.4
Lease liability	26.6		20.3
Deferred revenue	17.2		0.1
Restructuring - debt refinancing	14.2		—
Other	58.8		55.4
Total gross deferred tax assets	497.2		463.9
Less valuation allowance	(369.4)		(163.3)
Total deferred tax assets, net of valuation allowance	127.8		$	300.6
Deferred tax liabilities:
Plant, equipment and other assets	(34.9)		$	(43.9)
Intangibles	(62.8)		(73.3)
Other	(7.6)		(8.1)
Total gross deferred tax liabilities	(105.3)		(125.3)
Net deferred tax assets	22.5		$	175.3

(a) Net operating loss carryforwards - U.S. for Products Corporation as of December 31, 2020 and December 31, 2019 were $158.9 million and $146.1 million, respectively.

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, 2019	$	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
Increase based on tax positions taken in a prior year	3.5		6.4		9.9
Decrease based on tax positions taken in a prior year	(3.3)		(1.0)		(4.3)
Increase based on tax positions taken in the current year	5.5		—		5.5
Decrease resulting from the lapse of statutes of limitations	(3.2)		(1.5)		(4.7)
Balance at December 31, 2020	$	68.8	$	15.6	$	84.4

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

12 Months Ended

Dec. 31, 2020

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

Schedule of Accumulated Other Comprehensive Loss

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


	Foreign Currency Translation		Actuarial (Loss) Gain on Post-retirement Benefits		Other		Accumulated Other Comprehensive Loss
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 January 1, 2020	$	(27.3)	$	(219.8)	$	(0.3)	$	(247.4)
Foreign currency translation adjustment, net of tax of nil million	10.2		—		—		10.2
Amortization of pension related costs, net of tax of nil million (a)	—		11.4		—		11.4

Pension re-measurement, net of tax of $1.9 million	—		(52.1)		—		(52.1)


Other comprehensive (loss) gain	$	10.2	$	(40.7)	$	—	$	(30.5)
Balance at December 31, 2020	$	(17.1)	$	(260.5)	$	(0.3)	$	(277.9)

STOCKHOLDERS' DEFICIENCY (Tables)

12 Months Ended

Dec. 31, 2020

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, 2019	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
Restricted stock grants (a)	1,065,319	—
Restricted stock forfeitures	(793,296)	—
Withholding of restricted stock to satisfy taxes	—	148,620

Balance, December 31, 2020	56,742,513	1,774,200

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.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=65888546&loc=d3e21300-112643

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21553-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 480
-SubTopic 10
-Section S99
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Schedule of Segment Reporting Information, by Segment

SEGMENT DATA AND RELATED INFORMATION (Tables)

12 Months Ended

Dec. 31, 2020

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,
		2020		2019
Segment Net Sales:
Revlon		$	688.4	$	958.8
Elizabeth Arden		463.5		520.0
Portfolio		401.3		487.8
Fragrances		351.1		453.0
Total		$	1,904.3	$	2,419.6

Segment Profit:
Revlon		$	86.5	$	101.2
Elizabeth Arden		39.6		37.6
Portfolio		47.4		45.0
Fragrances		66.6		82.3
Total		$	240.1	$	266.1

Reconciliation:
Total Segment Profit		$	240.1	$	266.1
Less:

Depreciation and amortization		143.3		162.9
Non-cash stock compensation expense		10.4		8.1
Non-Operating items:
Restructuring and related charges		68.7		30.5
Acquisition, integration and divestiture costs		5.0		3.9
(Gain) loss on divested assets		(0.5)		(26.6)
Financial control remediation and sustainability actions and related charges		9.6		13.4
Excessive coupon redemptions		4.2		13.2
COVID-19 charges		46.3		—


Capital structure and related charges		35.3		—
Impairment charges		144.1		—



Operating (loss) income		(226.3)		60.7
Less:
Interest Expense		243.3		196.6

Amortization of debt issuance costs		26.8		14.6

Gain on early extinguishment of debt		(43.1)		—
Foreign currency (gains) losses, net		(6.0)		(1.9)
Miscellaneous, net		12.9		16.4
Loss from continuing operations before income taxes		$	(460.2)	$	(165.0)

Products Corporation



	Year Ended December 31,
		2020		2019
Segment Net Sales:
Revlon		$	688.4	$	958.8
Elizabeth Arden		463.5		520.0
Portfolio		401.3		487.8
Fragrances		351.1		453.0
Total		$	1,904.3	$	2,419.6

Segment Profit:
Revlon		$	89.1	$	104.3
Elizabeth Arden		41.4		39.3
Portfolio		48.9		46.6
Fragrances		67.9		83.8
Total		$	247.3	$	274.0

Reconciliation:
Total Segment Profit		$	247.3	$	274.0
Less:

Depreciation and amortization		143.3		162.9
Non-cash stock compensation expense		10.4		8.1
Non-Operating items:
Restructuring and related charges		68.7		30.5
Acquisition, integration and divestiture costs		5.0		3.9
Gain on divested assets		(0.5)		(26.6)
Financial control remediation and sustainability actions and related charges		9.6		13.4


Excessive coupon redemptions		4.2		13.2
COVID-19 charges		46.3		—
Capital structure and related charges		35.3		—
Impairment charge		144.1		—

Operating (loss) income		(219.1)		68.6
Less:
Interest Expense		243.3		196.6

Amortization of debt issuance costs		26.8		14.6

Gain on early extinguishment of debt		(43.1)		—
Foreign currency (gains) losses, net		(6.0)		(1.9)
Miscellaneous, net		12.9		16.4
Loss from continuing operations before income taxes		$	(453.0)	$	(157.1)

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, 2020
		Revlon		Elizabeth Arden		Portfolio		Fragrances		Total
Geographic Area(1):
Net Sales
North America		$	381.0	$	104.4	$	247.9	$	253.4	$	986.7
EMEA*		146.3		95.7		122.9		69.9		434.8
Asia		49.9		239.2		2.2		10.9		302.2
Latin America*		50.9		5.8		16.2		4.7		77.6
Pacific*		60.3		18.4		12.1		12.2		103.0
		$	688.4	$	463.5	$	401.3	$	351.1	$	1,904.3


	Year Ended December 31, 2019
		Revlon		Elizabeth Arden		Portfolio		Fragrances		Total
Geographic Area(1):
Net Sales
North America		497.2		120.4		298.9		309.2		$	1,225.7
EMEA*		199.9		130.6		149.8		102.9		583.2
Asia		107.9		236.1		4.2		16.1		364.3
Latin America*		75.5		9.2		22.2		10.2		117.1
Pacific*		78.3		23.7		12.7		14.6		129.3
		$	958.8	$	520.0	$	487.8	$	453.0	$	2,419.6

* The EMEA region includes Europe, the Middle East and Africa; the Latin America region includes Mexico, Central America and South America; and the Pacific region includes Australia and New Zealand.

The following table presents the Company's long-lived assets by geographic area:


	December 31, 2020			December 31, 2019
Long-lived assets, net:
United States	$	1,194.9	82%	$	1,414.0	83%
International	260.7		18%	280.1		17%
	$	1,455.6		$	1,694.1

Schedule of Net Sales by Classes of Similar Products



	Year Ended December 31,
		2020	2019
Classes of similar products:
Net sales:
Color cosmetics			$	452.0	24%	$	769.9	32%
Fragrance			486.1		25%	611.7		26%
Hair care			456.1		24%	513.8		21%
Beauty care			189.0		10%	176.9		7%
Skin care			321.1		17%	347.3		14%
			$	1,904.3		$	2,419.6

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

12 Months Ended

Dec. 31, 2020

Earnings Per Share, Basic and Diluted [Abstract]

Components of Basic and Diluted Loss Per Share

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


	Year Ended December 31,
		2020		2019
Numerator:
Loss from continuing operations, net of taxes		$	(619.0)	$	(165.2)
Income from discontinued operations, net of taxes		—		7.5
Net loss		$	(619.0)	$	(157.7)
Denominator:
Weighted-average common shares outstanding – Basic		53,401,324		53,081,321
Effect of dilutive restricted stock and RSUs		—		—
Weighted-average common shares outstanding – Diluted		53,401,324		53,081,321
Basic and Diluted (loss) earnings per common share:
Continuing operations		$	(11.59)	$	(3.11)
Discontinued operations		—		0.14
Net loss per common share		$	(11.59)	$	(2.97)





Unvested restricted stock and RSUs under the Stock Plan(a)		—		478,202

PRODUCTS CORPORATION AND SUBSIDIARIES GUARANTOR FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2020

Condensed Financial Information Disclosure [Abstract]

Condensed Balance Sheet


Products Corporation and Subsidiaries Condensed Consolidating Balance Sheets
As of December 31, 2020
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated

ASSETS
Cash and cash equivalents	$	5.5	$	2.5	$	89.1	$	—	$	97.1
Trade receivables, less allowances for doubtful accounts	86.0		95.7		170.6		—		352.3
Inventories, net	121.3		147.7		193.6		—		462.6
Prepaid expenses and other	220.6		24.6		55.3		—		300.5
Intercompany receivables	3,592.2		3,549.6		614.1		(7,755.9)		—
Investment in subsidiaries	1,653.6		2.3		—		(1,655.9)		—
Property, plant and equipment, net	178.5		72.1		101.4		—		352.0
Deferred income taxes	—		10.6		23.5		—		34.1
Goodwill	48.9		264.0		250.8		—		563.7
Intangible assets, net	10.0		187.8		233.0		—		430.8
Other assets	67.9		9.3		31.9		—		109.1
Total assets	$	5,984.5	$	4,366.2	$	1,763.3	$	(9,411.8)	$	2,702.2
LIABILITIES AND STOCKHOLDER’S DEFICIENCY
Short-term borrowings	$	—	$	—	$	2.5	$	—	$	2.5
Current portion of long-term debt	159.2		—		58.3		—		217.5
Accounts payable	72.5		48.0		82.8		—		203.3
Accrued expenses and other	144.1		61.7		217.4		—		423.2
Intercompany payables	3,897.1		3,162.0		696.6		(7,755.7)		—
Long-term debt	3,104.7		—		0.3		—		3,105.0
Other long-term liabilities	377.3		33.8		42.6		—		453.7
Total liabilities	7,754.9		3,305.5		1,100.5		(7,755.7)		4,405.2
Stockholder’s (deficiency) equity	(1,770.4)		1,060.7		662.8		(1,656.1)		(1,703.0)
Total liabilities and stockholder’s (deficiency) equity	$	5,984.5	$	4,366.2	$	1,763.3	$	(9,411.8)	$	2,702.2


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, net	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) equity	(1,075.9)		943.9		671.6		(1,629.0)		(1,089.4)
Total liabilities and stockholder’s (deficiency) equity	$	5,517.4	$	3,840.7	$	1,556.8	$	(7,794.0)	$	3,120.9

Condensed Statement of Operations and and Comprehensive (Loss) Income



Products Corporation and Subsidiaries Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income
Year Ended December 31, 2020
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net Sales	$	433.8	$	523.0	$	947.5	$	—	$	1,904.3
Cost of sales	213.4		273.7		373.4		—		860.5
Gross profit	220.4		249.3		574.1		—		1,043.8
Selling, general and administrative expenses	363.0		234.0		467.6		—		1,064.6
Acquisition, integration and divestiture costs	4.8		—		0.2		—		5.0
Restructuring charges and other, net	23.7		11.2		14.8		—		49.7
Impairment charges	112.1		22.0		10.0		—		144.1
Gain on divested assets	(0.5)		—		—		—		(0.5)
Operating (loss) income	(282.7)		(17.9)		81.5		—		(219.1)
Other (income) expense:
Intercompany interest, net	(3.6)		2.3		1.3		—		—
Interest expense	236.8		—		6.5		—		243.3
Amortization of debt issuance costs	26.8		—		—		—		26.8
Gain on early extinguishment of debt	(43.1)		—		—		—		(43.1)
Foreign currency losses, net	5.2		0.3		(11.5)		—		(6.0)
Miscellaneous, net	(3.1)		(89.4)		105.4		—		12.9
Other expense (income), net	219.0		(86.8)		101.7		—		233.9
Loss from continuing operations before income taxes	(501.7)		68.9		(20.2)		—		(453.0)
Provision for (benefit from) for income taxes	174.5		(44.9)		10.9		—		140.5
Loss from continuing operations, net of taxes	(676.2)		113.8		(31.1)		—		(593.5)

Equity in (loss) income of subsidiaries	88.3		(29.0)		—		(59.3)		—
Net (loss) income	$	(587.9)	$	84.8	$	(31.1)	$	(59.3)	$	(593.5)
Other comprehensive (loss) income	(30.5)		(4.7)		5.0		(0.3)		(30.5)
Total comprehensive (loss) income	$	(618.4)	$	80.1	$	(26.1)	$	(59.6)	$	(624.0)


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) expenses:
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 income (loss) of subsidiaries	144.5		19.0		—		(163.5)		—
Net (loss) income	$	(94.6)	$	(7.3)	$	114.2	$	(163.5)	$	(151.2)
Other comprehensive income (loss)	(13.3)		(6.9)		1.3		5.7		(13.2)
Total comprehensive (loss) income	$	(107.9)	$	(14.2)	$	115.5	$	(157.8)	$	(164.4)

Condensed Statement of Cash Flows


Products Corporation and Subsidiaries Condensed Consolidating Statements of Cash Flows
Year Ended December 31, 2020
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash (used in) provided by operating activities	$	(91.4)	$	—	$	(5.9)	$	—	$	(97.3)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash used in investing activities	(7.7)		(0.3)		(2.3)		—		(10.3)



CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in short-term borrowings and overdraft	4.6		(0.4)		0.1		—		4.3
Borrowings under the 2020 BrandCo Facilities	880.0		—		—		—		880.0
Repurchases of the 5.75% Senior Notes	(281.4)		—		—		—		(281.4)
Net borrowings (repayments) under the Amended 2016 Revolving Credit Facility	(133.5)		—		—		—		(133.5)


Net borrowings (repayments) under the 2019 Term Loan Facility (a)	(200.0)		—		—		—		(200.0)
Repayments under the 2018 Foreign Asset-Based Term Loan	(31.4)		—		—		—		(31.4)
Repayments under the 2016 Term Loan Facility	(11.5)		—		—		—		(11.5)
Payment of financing costs	(122.7)		—		0.7		—		(122.0)
Tax withholdings related to net share settlements of restricted stock and RSUs	(1.7)		—		—		—		(1.7)
Other financing activities	(0.1)		(0.1)		(0.1)		—		(0.3)
Net cash provided by (used in) financing activities	102.3		(0.5)		0.7		—		102.5
Effect of exchange rate changes on cash, cash equivalents and restricted cash	2.4		2.1		(1.4)		—		3.1
Net increase (decrease) in cash, cash equivalents and restricted cash	5.6		1.3		(8.9)		—		(2.0)
Cash, cash equivalents and restricted cash at beginning of period	$	1.0	$	6.4	$	97.2	$	—	$	104.5
Cash, cash equivalents and restricted cash at end of period	$	6.6	$	7.7	$	88.3	$	—	$	102.5


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 investing activities	(17.1)		(2.0)		21.2		—		2.1
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in short-term borrowings and overdraft	(7.1)		(3.7)		(6.5)		—		(17.3)
Net borrowings (repayments) under the Amended 2016 Revolving Credit Facility	(62.6)		—		—		—		(62.6)
Net borrowings (repayments) under the 2019 Term Loan Facility (a)	200.0		—		—		—		200.0
Repayments under the 2016 Term Loan Facility	(18.0)		—		—		—		(18.0)


Payments of financing costs	(15.3)		—		—		—		(15.3)
Tax withholdings related to net share settlements of restricted stock and RSUs	(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 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

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details)				3 Months Ended					12 Months Ended
	Dec. 22, 2020 USD ($) reporting_unit	Nov. 13, 2020 USD ($)	Nov. 10, 2020 USD ($)	Dec. 31, 2020 USD ($)	Sep. 30, 2020 USD ($)	Jun. 30, 2020 USD ($)	Mar. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2020 USD ($) reporting_unit segment	Dec. 31, 2019 USD ($)	Mar. 02, 2021 USD ($)	Nov. 14, 2020 USD ($)	Oct. 23, 2020 USD ($)
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Number of reporting units \| reporting_unit									4
Number of reporting segments \| segment									4
Public holding company expenses									$ 7,200,000	$ 7,900,000
Outstanding checks				$ 15,200,000				$ 13,300,000	15,200,000	13,300,000
Depreciation and amortization									143,300,000	162,900,000
Impairment of Long-lived assets									0	0
Net deferred financing costs				$ 119,300,000				$ 0	$ 119,300,000	$ 0
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]				us-gaap:OtherLiabilitiesCurrent				us-gaap:OtherLiabilitiesCurrent	us-gaap:OtherLiabilitiesCurrent	us-gaap:OtherLiabilitiesCurrent
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]				us-gaap:OtherLiabilitiesNoncurrent				us-gaap:OtherLiabilitiesNoncurrent	us-gaap:OtherLiabilitiesNoncurrent	us-gaap:OtherLiabilitiesNoncurrent
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]				us-gaap:OtherLiabilitiesCurrent				us-gaap:OtherLiabilitiesCurrent	us-gaap:OtherLiabilitiesCurrent	us-gaap:OtherLiabilitiesCurrent
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]				us-gaap:OtherLiabilitiesNoncurrent				us-gaap:OtherLiabilitiesNoncurrent	us-gaap:OtherLiabilitiesNoncurrent	us-gaap:OtherLiabilitiesNoncurrent
Goodwill impairment charge				$ 0	$ 0	$ 11,200,000	$ 99,800,000
Indefinite-lived intangible assets									$ 33,100,000	$ 0
Total Intangibles Impairment				0				$ 0	33,100,000	0
Advertising expenses									332,100,000	446,800,000
Distribution costs									106,900,000	135,700,000
Research and development expenditures									29,300,000	40,300,000
Outstanding borrowings				3,322,500,000				3,194,200,000	3,322,500,000	3,194,200,000
Liquidity position				249,900,000					249,900,000
Cash and cash equivalents				97,100,000				104,300,000	97,100,000	104,300,000
Licensing agreements \| Helen of Troy Limited
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Number of renewal periods \| reporting_unit	3
Term of renewal periods	20 years
One-time, upfront cash fee	$ 72,500,000
Deferred revenue amortization period	26 years
Amortization period estimation, threshold percentage of total discounted cash flows captured	90.00%
International
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Cash and cash equivalents				89,800,000					89,800,000
Revlon Consumer Products Corporation
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Depreciation and amortization									143,300,000	162,900,000
Cash and cash equivalents				$ 97,100,000				104,300,000	$ 97,100,000	104,300,000
5.75% Senior Notes due 2021
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Stated interest rate (as a percent)				5.75%					5.75%
Outstanding borrowings				$ 0				498,100,000	$ 0	498,100,000
5.75% Senior Notes due 2021 \| Revlon Consumer Products Corporation
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Stated interest rate (as a percent)				5.75%					5.75%				5.75%
Debt conversion, original debt amount		$ 236,000,000	$ 236,000,000
Debt redeemed		106,800,000
Outstanding borrowings		175,500,000		$ 0					$ 0			$ 0	$ 342,800,000
5.75% Senior Notes due 2021 \| Revlon Consumer Products Corporation \| 2020
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Cash per $1,000 principal amount			275
Early tender/consent fee payable per $1,000 principal amount			50
Aggregate cash per $1,000 principal			325
5.75% Senior Notes due 2021 \| Revlon Consumer Products Corporation \| 2021
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Cash per $1,000 principal amount			200
Early tender/consent fee payable per $1,000 principal amount			50
Aggregate cash per $1,000 principal			$ 250
2020 New ABL FILO Term Loans due 2023
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Outstanding borrowings				50,000,000.0				0	50,000,000.0	0
2020 New ABL FILO Term Loans due 2023 \| Revolving credit facility
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Amount drawn				50,000,000					50,000,000
2020 New ABL FILO Term Loans due 2023 \| Revlon Consumer Products Corporation \| Revolving credit facility
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Aggregate principal amount													50,000,000
Outstanding borrowings				50,000,000.0					50,000,000.0
2020 New ABL FILO Term Loans due 2023 \| Revlon Consumer Products Corporation \| Revolving credit facility \| 2021
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Aggregate principal amount													50,000,000
2020 New BrandCo Second-Lien Term Loans due 2025
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Outstanding borrowings				75,000,000.0				0	75,000,000.0	0
2020 New BrandCo Second-Lien Term Loans due 2025 \| Revlon Consumer Products Corporation
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Aggregate principal amount		$ 75,000,000											75,000,000
Outstanding borrowings				75,000,000.0					75,000,000.0
2020 New BrandCo Second-Lien Term Loans due 2025 \| Revlon Consumer Products Corporation \| 2021
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Aggregate principal amount													$ 75,000,000
Amended 2016 Revolving Credit Facility due 2021
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Outstanding borrowings				136,700,000				269,900,000	136,700,000	269,900,000
Amended 2016 Revolving Credit Facility due 2021 \| Revlon Consumer Products Corporation
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Available borrowing capacity				168,000,000.0					168,000,000.0
Amount drawn				188,900,000					188,900,000
Amended 2016 Revolving Credit Facility due 2021 \| Revlon Consumer Products Corporation \| Revolving credit facility
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Maximum borrowing capacity				400,000,000.0					400,000,000.0
Available borrowing capacity				168,000,000.0					168,000,000.0
Amount drawn				188,900,000					$ 188,900,000
2021 Foreign Asset-Based Term Facility due 2024 \| Revlon Consumer Products Corporation \| Secured debt \| Subsequent Event
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Maximum borrowing capacity											$ 75,000,000
Mass Portfolio, Elizabeth Arden Fragrances and Elizabeth Arden Skin and Color Reporting Units \| COVID-19
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Indefinite-lived intangible assets							$ 24,500,000
Elizabeth Arden Fragrances and Elizabeth Arden Skin And Color Reporting Units \| COVID-19
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Indefinite-lived intangible assets						$ 8,600,000
Land Improvements \| Minimum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life									20 years
Land Improvements \| Maximum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life									30 years
Building and improvements \| Minimum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life									5 years
Building and improvements \| Maximum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life									50 years
Machinery and equipment \| Minimum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life									3 years
Machinery and equipment \| Maximum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life									15 years
Counters and Trade Fixtures \| Minimum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life									3 years
Counters and Trade Fixtures \| Maximum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life									5 years
Office Furniture and Fixtures \| Minimum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life									3 years
Office Furniture and Fixtures \| Maximum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life									15 years
Capitalized Software \| Minimum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life									2 years
Capitalized Software \| Maximum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment - useful life									10 years
Wall Displays
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment, net				$ 82,200,000				$ 101,000,000.0	$ 82,200,000	101,000,000.0
Depreciation and amortization									$ 50,100,000	$ 55,600,000
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									41.00%	33.00%

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

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Cash and cash equivalents

$ 97.1

$ 104.3

Restricted cash

5.4

0.2

Total cash, cash equivalents and restricted cash

^[1]

$ 102.5

$ 104.5

$ 87.5

[1]

These amounts include restricted cash of $5.4 million and $0.2 million as of December 31, 2020 and 2019, respectively. The balance as of December 31, 2020 represents: (i) cash on deposit in lieu of a mandatory prepayment under the 2018 Foreign Asset-Based Term Facility; and (ii) cash on deposit to support outstanding undrawn letters of credit. The balance as of December 31, 2019 represents: (i) cash on deposit in lieu of a mandatory prepayment under the 2018 Foreign Asset-Based Term Facility; and (ii) cash on deposit to support outstanding undrawn letters of credit. These balances were included within prepaid expenses and other current assets and other assets in the Company's Consolidated Balance Sheets as of December 31, 2020 and December 31, 2019, respectively.

RESTRUCTURING CHARGES - Narrative (Details) $ in Millions	1 Months Ended	10 Months Ended	12 Months Ended		26 Months Ended	38 Months Ended
RESTRUCTURING CHARGES - Narrative (Details) $ in Millions	Mar. 31, 2020 job_position	Dec. 31, 2020 USD ($) job_position	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2021 USD ($)
Restructuring Cost and Reserve [Line Items]
Payments for restructuring			$ 46.1	$ 24.4
Revlon 2020 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Expected number of positions eliminated \| job_position	975
Expected number of current employee positions to be eliminated \| job_position	625
Number of open positions eliminated \| job_position	350
Number of positions eliminated \| job_position		915
Restructuring costs recognized to date		$ 68.8	68.8		$ 68.8
Revlon 2020 Restructuring Plan \| Employee Severance, Retention and Other Contractual Termination Benefits
Restructuring Cost and Reserve [Line Items]
Payments for restructuring			51.5
2018 Optimization Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring costs recognized to date		$ 39.7	$ 39.7	$ 39.5	39.7
Payments for restructuring					$ 30.7
2018 Optimization Restructuring Program \| Scenario, Forecast
Restructuring Cost and Reserve [Line Items]
Payments for restructuring						$ 31.8

RESTRUCTURING CHARGES - Restructuring and Related Charges Activity (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Restructuring Reserve [Roll Forward]
Charges incurred during period	$ 49.7	$ 12.8
Revlon 2020 Restructuring Plan
Restructuring Reserve [Roll Forward]
Charges incurred through end of period	68.8
Revlon 2020 Restructuring Plan \| Employee Severance and Other Personnel Benefits
Restructuring Reserve [Roll Forward]
Charges incurred during period	48.6
Charges incurred through end of period	48.6
Revlon 2020 Restructuring Plan \| Other Costs
Restructuring Reserve [Roll Forward]
Charges incurred during period	1.9
Charges incurred through end of period	1.9
Revlon 2020 Restructuring Plan \| Total Restructuring Charges
Restructuring Reserve [Roll Forward]
Charges incurred during period	50.5
Charges incurred through end of period	50.5
Revlon 2020 Restructuring Plan \| Leases
Restructuring Reserve [Roll Forward]
Charges incurred through end of period	12.6
Revlon 2020 Restructuring Plan \| Accelerated Rent Expense, Abandoned Leases
Restructuring Reserve [Roll Forward]
Charges incurred through end of period	3.5
Revlon 2020 Restructuring Plan \| Disposal of Leasehold Improvements and Other Equipment
Restructuring Reserve [Roll Forward]
Charges incurred through end of period	3.0
Revlon 2020 Restructuring Plan \| Restructuring Related Rent Expense
Restructuring Reserve [Roll Forward]
Charges incurred through end of period	5.2
Revlon 2020 Restructuring Plan \| Disposal of Leasehold Improvements and Other Equipment, Abandoned Leases
Restructuring Reserve [Roll Forward]
Charges incurred through end of period	0.9
Revlon 2020 Restructuring Plan \| Other Related Charges
Restructuring Reserve [Roll Forward]
Charges incurred through end of period	5.7
2018 Optimization Restructuring Program
Restructuring Reserve [Roll Forward]
Charges incurred through beginning of period	39.5
Charges incurred during period	0.2
Charges incurred through end of period	39.7	39.5
2018 Optimization Restructuring Program \| Employee Severance and Other Personnel Benefits
Restructuring Reserve [Roll Forward]
Charges incurred through beginning of period	20.3
Charges incurred during period	(0.6)
Charges incurred during period		15.8
Charges incurred through end of period	19.7	20.3
2018 Optimization Restructuring Program \| Other Costs
Restructuring Reserve [Roll Forward]
Charges incurred through beginning of period	0.3
Charges incurred during period	0.0
Charges incurred during period		0.3
Charges incurred through end of period	0.3	0.3
2018 Optimization Restructuring Program \| Total Restructuring Charges
Restructuring Reserve [Roll Forward]
Charges incurred through beginning of period	20.6
Charges incurred during period	(0.6)
Charges incurred during period		16.1
Charges incurred through end of period	20.0	20.6
2018 Optimization Restructuring Program \| Inventory Adjustments
Restructuring Reserve [Roll Forward]
Charges incurred through beginning of period	4.9
Charges incurred during period	0.0
Charges incurred through end of period	4.9	4.9
2018 Optimization Restructuring Program \| Other Related Charges
Restructuring Reserve [Roll Forward]
Charges incurred through beginning of period	14.0
Charges incurred during period	0.8
Charges incurred through end of period	$ 14.8	$ 14.0

RESTRUCTURING CHARGES - Restructuring and Related Charges by Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Revlon 2020 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Cumulative charges incurred	$ 68.8
2018 Optimization Restructuring Program
Restructuring Cost and Reserve [Line Items]
Cumulative charges incurred	39.7	$ 39.5
Operating segments \| Revlon 2020 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Cumulative charges incurred	50.5
Operating segments \| 2018 Optimization Restructuring Program
Restructuring Cost and Reserve [Line Items]
Charges incurred during period	(0.6)
Cumulative charges incurred	20.0
Operating segments \| Revlon \| Revlon 2020 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Cumulative charges incurred	20.7
Operating segments \| Revlon \| 2018 Optimization Restructuring Program
Restructuring Cost and Reserve [Line Items]
Charges incurred during period	(0.3)
Cumulative charges incurred	8.5
Operating segments \| Elizabeth Arden \| Revlon 2020 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Cumulative charges incurred	9.4
Operating segments \| Elizabeth Arden \| 2018 Optimization Restructuring Program
Restructuring Cost and Reserve [Line Items]
Charges incurred during period	(0.1)
Cumulative charges incurred	4.2
Operating segments \| Portfolio \| Revlon 2020 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Cumulative charges incurred	13.6
Operating segments \| Portfolio \| 2018 Optimization Restructuring Program
Restructuring Cost and Reserve [Line Items]
Charges incurred during period	(0.1)
Cumulative charges incurred	3.9
Operating segments \| Fragrance \| Revlon 2020 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Cumulative charges incurred	6.8
Operating segments \| Fragrance \| 2018 Optimization Restructuring Program
Restructuring Cost and Reserve [Line Items]
Charges incurred during period	(0.1)
Cumulative charges incurred	$ 3.4

RESTRUCTURING CHARGES - Restructuring Reserve (Details) - USD ($) $ in Millions	12 Months Ended		26 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020
Restructuring Reserve [Roll Forward]
Liability Balance at period start	$ 10.0	$ 26.4
Expense, Net	49.7	12.8
Foreign Currency Translation	0.2	(0.2)
Cash utilized, net	(46.1)	(24.4)
Non-cash utilized, net	0.0	(4.6)
Liability Balance at period end	13.8	10.0	$ 13.8
Revlon 2020 Restructuring Plan \| Total Restructuring Charges
Restructuring Reserve [Roll Forward]
Liability Balance at period start	0.0
Expense, Net	50.5
Foreign Currency Translation	0.0
Cash utilized, net	(37.9)
Non-cash utilized, net	0.0
Liability Balance at period end	12.6	0.0	12.6
Revlon 2020 Restructuring Plan \| Employee severance and other personnel benefits
Restructuring Reserve [Roll Forward]
Liability Balance at period start	0.0
Expense, Net	48.6
Foreign Currency Translation	0.0
Cash utilized, net	(36.0)
Non-cash utilized, net	0.0
Liability Balance at period end	12.6	0.0	12.6
Revlon 2020 Restructuring Plan \| Other Costs
Restructuring Reserve [Roll Forward]
Liability Balance at period start	0.0
Expense, Net	1.9
Foreign Currency Translation	0.0
Cash utilized, net	(1.9)
Non-cash utilized, net	0.0
Liability Balance at period end	0.0	0.0	0.0
2018 Optimization Restructuring Program
Restructuring Reserve [Roll Forward]
Expense, Net	0.2
Cash utilized, net			(30.7)
2018 Optimization Restructuring Program \| Total Restructuring Charges
Restructuring Reserve [Roll Forward]
Liability Balance at period start	5.7	3.7
Expense, Net		16.1
Expense, Net	(0.6)
Foreign Currency Translation	0.0	0.0
Cash utilized, net	(4.0)	(14.1)
Non-cash utilized, net	0.0	0.0
Liability Balance at period end	1.1	5.7	1.1
2018 Optimization Restructuring Program \| Employee severance and other personnel benefits
Restructuring Reserve [Roll Forward]
Liability Balance at period start	5.7	3.7
Expense, Net		15.8
Expense, Net	(0.6)
Foreign Currency Translation	0.0	0.0
Cash utilized, net	(4.0)	(13.8)
Non-cash utilized, net	0.0	0.0
Liability Balance at period end	1.1	5.7	1.1
2018 Optimization Restructuring Program \| Other Costs
Restructuring Reserve [Roll Forward]
Liability Balance at period start	0.0	0.0
Expense, Net		0.3
Expense, Net	0.0
Foreign Currency Translation		0.0
Cash utilized, net		(0.3)
Non-cash utilized, net		0.0
Liability Balance at period end		0.0
EA Integration Restructuring Program \| Total Restructuring Charges
Restructuring Reserve [Roll Forward]
Liability Balance at period start	3.6	17.2
Expense, Net		(1.9)
Foreign Currency Translation		(0.2)
Cash utilized, net		(8.0)
Non-cash utilized, net		(3.5)
Liability Balance at period end		3.6
EA Integration Restructuring Program \| Employee severance and other personnel benefits
Restructuring Reserve [Roll Forward]
Liability Balance at period start	4.0	13.8
Expense, Net		(1.9)
Foreign Currency Translation		(0.2)
Cash utilized, net		(7.7)
Non-cash utilized, net		0.0
Liability Balance at period end		4.0
EA Integration Restructuring Program \| Other Costs
Restructuring Reserve [Roll Forward]
Liability Balance at period start	(0.4)	3.4
Expense, Net		0.0
Foreign Currency Translation		0.0
Cash utilized, net		(0.3)
Non-cash utilized, net		(3.5)
Liability Balance at period end		(0.4)
Other immaterial actions \| Employee severance and other personnel benefits
Restructuring Reserve [Roll Forward]
Liability Balance at period start	4.3
Expense, Net	(0.2)
Foreign Currency Translation	0.2
Cash utilized, net	(4.2)
Non-cash utilized, net	0.0
Liability Balance at period end	0.1	4.3	$ 0.1
Other immaterial actions \| Total Restructuring Charges
Restructuring Reserve [Roll Forward]
Liability Balance at period start	0.7	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
Other immaterial actions \| Employee severance and other personnel benefits
Restructuring Reserve [Roll Forward]
Liability Balance at period start	0.3	4.6
Expense, Net		(1.4)
Foreign Currency Translation		0.0
Cash utilized, net		(1.8)
Non-cash utilized, net		(1.1)
Liability Balance at period end		0.3
Other immaterial actions \| Other Costs
Restructuring Reserve [Roll Forward]
Liability Balance at period start	$ 0.4	0.9
Expense, Net		0.0
Foreign Currency Translation		0.0
Cash utilized, net		(0.5)
Non-cash utilized, net		0.0
Liability Balance at period end		$ 0.4

INVENTORIES (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Finished goods	$ 356.7	$ 326.5
Raw materials and supplies	97.1	110.4
Work-in-process	8.8	11.5
Inventories	$ 462.6	$ 448.4

PREPAID EXPENSES AND OTHER (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Condensed Balance Sheet Statements, Captions [Line Items]
Prepaid expenses	$ 66.7	$ 68.9
Taxes	36.1	40.4
Other	31.6	26.0
Prepaid expenses and other	134.4	135.3
Revlon Consumer Products Corporation
Condensed Balance Sheet Statements, Captions [Line Items]
Taxes	32.1	36.5
Prepaid expenses and other	$ 130.5	$ 131.4

PROPERTY, PLANT AND EQUIPMENT - Property, Plant and Equipment (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Right-of-Use assets	$ 87.0	$ 92.7
Property, plant and equipment and Right-of-Use assets, net	352.0	408.6
Land and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net	11.4	10.8
Building and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net	48.3	51.6
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net	98.7	114.7
Office furniture, fixtures and capitalized software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net	76.2	100.3
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net	21.3	24.5
Construction-in-progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net	$ 9.1	$ 14.0

PROPERTY, PLANT AND EQUIPMENT - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense	$ 76,300,000	$ 86,400,000
Accumulated depreciation and amortization	528,900,000	488,100,000
Impairment of PP&E, including lease ROU assets	$ 0	$ 0

PROPERTY, PLANT AND EQUIPMENT - Lease Disclosure (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Finance Lease Cost:
Amortization of ROU assets	$ 0.3	$ 0.3
Interest on lease liabilities	0.1	0.2
Operating Lease Cost	38.9	41.7
Total Lease Cost	39.3	42.2
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	0.1	0.2
Operating cash flows from operating leases	36.3	39.4
Financing cash flows from finance leases	0.2	0.8
ROU assets for finance leases	0.6	1.0
ROU assets for operating leases	86.3	91.4
Accumulated amortization on ROU assets for finance leases	0.6	0.3
Accumulated amortization on ROU assets for operating leases	$ 39.9	$ 23.2
Weighted-average remaining lease term - finance leases	2 years 1 month 6 days	2 years 9 months 18 days
Weighted-average remaining lease term - operating leases	6 years 6 months	6 years 2 months 12 days
Weighted-average discount rate - finance leases	15.00%	15.60%
Weighted-average discount rate - operating leases	15.80%	15.80%

PROPERTY, PLANT AND EQUIPMENT - Maturities of Lease Liabilities (Details) $ in Millions	Dec. 31, 2020 USD ($)
Operating Leases
2021	$ 36.5
2022	27.7
2023	22.9
2024	18.8
2025	13.7
Thereafter	52.7
Total undiscounted cash flows	172.3
Short-term lease liability	16.3
Long-term lease liability	86.6
Total lease liability	102.9
Difference between undiscounted cash flows and discounted cash flows	69.4
Finance Leases
2021	0.5
2022	0.3
2023	0.0
2024	0.0
2025	0.0
Thereafter	0.0
Total undiscounted cash flows	0.8
Short-term lease liability	0.3
Long-term lease liability	0.3
Total lease liability	0.6
Difference between undiscounted cash flows and discounted cash flows	$ 0.2

GOODWILL AND INTANGIBLE ASSETS, NET - Narrative (Details) - USD ($)	3 Months Ended				12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Goodwill [Line Items]
Goodwill	$ 563,700,000				$ 563,700,000	$ 673,700,000
Goodwill impairment charge	$ 0	$ 0	$ 11,200,000	$ 99,800,000
Benefit from income taxes					(158,800,000)	(200,000)
Finite-lived intangible assets impairment					0	0
Indefinite-lived intangible assets impairment					33,100,000	0
Amortization expense					$ 34,200,000	$ 40,300,000
Weighted-average cost of capital \| Minimum
Goodwill [Line Items]
Goodwill measurement input	9.50%				9.50%
Weighted-average cost of capital \| Maximum
Goodwill [Line Items]
Goodwill measurement input	12.50%				12.50%
Perpetual growth rate
Goodwill [Line Items]
Goodwill measurement input	2.00%				2.00%
Goodwill
Goodwill [Line Items]
Benefit from income taxes					$ 9,200,000
Intangible assets
Goodwill [Line Items]
Benefit from income taxes					$ 6,900,000
Revlon Reporting Unit
Goodwill [Line Items]
Goodwill			264,900,000	264,700,000
Elizabeth Arden Skin and Color Reporting Unit
Goodwill [Line Items]
Goodwill			67,400,000	67,400,000
Fragrances Reporting Unit
Goodwill [Line Items]
Goodwill			120,800,000	120,800,000
Mass Portfolio Reporting Unit \| Portfolio
Goodwill [Line Items]
Goodwill				0
Goodwill impairment charge				54,300,000
Professional Portfolio Reporting Unit \| Portfolio
Goodwill [Line Items]
Goodwill			87,600,000	97,200,000
Goodwill impairment charge			9,600,000	19,600,000
Elizabeth Arden Fragrances Reporting Unit \| Elizabeth Arden
Goodwill [Line Items]
Goodwill			22,000,000.0	23,500,000
Goodwill impairment charge			1,600,000	25,900,000
Mass Portfolio, Elizabeth Arden Fragrances and Elizabeth Arden Skin and Color Reporting Units \| COVID-19
Goodwill [Line Items]
Indefinite-lived intangible assets impairment				$ 24,500,000
Elizabeth Arden Fragrances and Elizabeth Arden Skin And Color Reporting Units \| COVID-19
Goodwill [Line Items]
Indefinite-lived intangible assets impairment			$ 8,600,000

GOODWILL AND INTANGIBLE ASSETS, NET - Changes in Goodwill by Segment (Details) - USD ($)	3 Months Ended				12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Goodwill [Roll Forward]
Beginning Balance				$ 673,700,000	$ 673,700,000
Goodwill impairment charge	$ 0	$ 0	$ (11,200,000)	(99,800,000)
Ending Balance	563,700,000				563,700,000	$ 673,700,000
Operating segments
Goodwill [Roll Forward]
Beginning Balance				673,700,000	673,700,000	673,900,000
Foreign currency translation adjustment					1,000,000.0	(200,000)
Goodwill impairment charge					(111,000,000.0)
Ending Balance	563,700,000				563,700,000	673,700,000
Cumulative goodwill impairment charges	(166,200,000)				(166,200,000)
Operating segments \| Revlon
Goodwill [Roll Forward]
Beginning Balance				264,900,000	264,900,000	265,000,000.0
Foreign currency translation adjustment					500,000	(100,000)
Goodwill impairment charge					0
Ending Balance	265,400,000				265,400,000	264,900,000
Operating segments \| Portfolio
Goodwill [Roll Forward]
Beginning Balance				171,100,000	171,100,000	171,200,000
Foreign currency translation adjustment					300,000	(100,000)
Goodwill impairment charge					(83,500,000)
Ending Balance	87,900,000				87,900,000	171,100,000
Operating segments \| Elizabeth Arden
Goodwill [Roll Forward]
Beginning Balance				116,900,000	116,900,000	116,900,000
Foreign currency translation adjustment					100,000	0
Goodwill impairment charge					(27,500,000)
Ending Balance	89,500,000				89,500,000	116,900,000
Operating segments \| Fragrance
Goodwill [Roll Forward]
Beginning Balance				$ 120,800,000	120,800,000	120,800,000
Foreign currency translation adjustment					100,000	0
Goodwill impairment charge					0
Ending Balance	$ 120,900,000				$ 120,900,000	$ 120,800,000

GOODWILL AND INTANGIBLE ASSETS, NET - Finite-lived and Indefinite-lived Intangible Asset Impairments (Details) - USD ($)	3 Months Ended		6 Months Ended	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Indefinite-lived intangible assets				$ (33,100,000)	$ 0
Total Intangibles Impairment	$ 0	$ 0		(33,100,000)	$ 0
Operating segments
Segment Reporting Information [Line Items]
Indefinite-lived intangible assets			$ 0	(33,100,000)
Total Intangibles Impairment				(33,100,000)
Revlon \| Operating segments
Segment Reporting Information [Line Items]
Indefinite-lived intangible assets				0
Total Intangibles Impairment				0
Portfolio \| Operating segments
Segment Reporting Information [Line Items]
Indefinite-lived intangible assets				(2,500,000)
Total Intangibles Impairment				(2,500,000)
Elizabeth Arden \| Operating segments
Segment Reporting Information [Line Items]
Indefinite-lived intangible assets				(30,600,000)
Total Intangibles Impairment				(30,600,000)
Fragrance \| Operating segments
Segment Reporting Information [Line Items]
Indefinite-lived intangible assets				0
Total Intangibles Impairment				$ 0

GOODWILL AND INTANGIBLE ASSETS, NET - Summary of Intangible Assets (Details) - USD ($)	3 Months Ended		12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross carrying amount	$ 578,600,000	$ 573,300,000	$ 578,600,000	$ 573,300,000
Finite-lived intangible assets, accumulated amortization	(263,700,000)	(226,400,000)	(263,700,000)	(226,400,000)
Finite-lived intangible assets, impairment			0	0
Finite-lived intangible assets, net carrying amount	314,900,000	346,900,000	314,900,000	346,900,000
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, gross carrying amount	149,000,000.0	143,800,000	149,000,000.0	143,800,000
Indefinite-lived intangible assets, impairment			(33,100,000)	0
Indefinite-lived intangible assets, net carrying amount	115,900,000	143,800,000	115,900,000	143,800,000
Intangible assets, gross carrying amount	727,600,000	717,100,000	727,600,000	717,100,000
Total Intangibles Impairment	0	0	(33,100,000)	0
Intangible assets, net carrying amount	430,800,000	490,700,000	430,800,000	490,700,000
Trade names
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, gross carrying amount	149,000,000.0	143,800,000	149,000,000.0	143,800,000
Indefinite-lived intangible assets, impairment			(33,100,000)	0
Indefinite-lived intangible assets, net carrying amount	115,900,000	143,800,000	115,900,000	143,800,000
Trademarks and licenses
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross carrying amount	272,800,000	271,200,000	272,800,000	271,200,000
Finite-lived intangible assets, accumulated amortization	(128,600,000)	(110,900,000)	(128,600,000)	(110,900,000)
Finite-lived intangible assets, impairment			0	0
Finite-lived intangible assets, net carrying amount	144,200,000	160,300,000	$ 144,200,000	$ 160,300,000
Weighted average useful life			12 years	13 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross carrying amount	249,900,000	248,300,000	$ 249,900,000	$ 248,300,000
Finite-lived intangible assets, accumulated amortization	(110,700,000)	(96,500,000)	(110,700,000)	(96,500,000)
Finite-lived intangible assets, impairment			0	0
Finite-lived intangible assets, net carrying amount	139,200,000	151,800,000	$ 139,200,000	$ 151,800,000
Weighted average useful life			11 years	11 years
Patents and internally-developed intellectual property
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross carrying amount	23,600,000	21,500,000	$ 23,600,000	$ 21,500,000
Finite-lived intangible assets, accumulated amortization	(15,600,000)	(12,100,000)	(15,600,000)	(12,100,000)
Finite-lived intangible assets, impairment			0	0
Finite-lived intangible assets, net carrying amount	8,000,000.0	9,400,000	$ 8,000,000.0	$ 9,400,000
Weighted average useful life			5 years	5 years
Distribution rights
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross carrying amount	31,000,000.0	31,000,000.0	$ 31,000,000.0	$ 31,000,000.0
Finite-lived intangible assets, accumulated amortization	(7,500,000)	(5,600,000)	(7,500,000)	(5,600,000)
Finite-lived intangible assets, impairment			0	0
Finite-lived intangible assets, net carrying amount	23,500,000	25,400,000	$ 23,500,000	$ 25,400,000
Weighted average useful life			14 years	15 years
Other
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross carrying amount	1,300,000	1,300,000	$ 1,300,000	$ 1,300,000
Finite-lived intangible assets, accumulated amortization	(1,300,000)	(1,300,000)	(1,300,000)	(1,300,000)
Finite-lived intangible assets, impairment			0	0
Finite-lived intangible assets, net carrying amount	$ 0	$ 0	$ 0	$ 0
Weighted average useful life			0 years	0 years

GOODWILL AND INTANGIBLE ASSETS, NET - Estimated Future Amortization Expense (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
2021	$ 33.5
2022	32.6
2023	31.0
2024	27.6
2025	26.4
Thereafter	163.8
Finite-lived intangible assets, net carrying amount	$ 314.9	$ 346.9

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES - Components of Accrued Expenses and Other (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Schedule of Accrued Liabilities [Line Items]
Sales returns and allowances	$ 95.5	$ 89.7
Advertising, marketing and promotional costs	96.3	82.8
Taxes	41.8	54.3
Compensation and related benefits	50.1	42.1
Interest	29.6	34.0
Professional services and insurance	18.6	16.3
Short-term lease liability	16.6	14.5
Freight and distribution costs	9.5	13.2
Restructuring reserve	13.8	10.0
Software	3.1	4.0
Other	46.0	54.0
Total	420.9	414.9
Employee Severance and Other Personnel Benefits \| Former President and Chief Executive Officer
Schedule of Accrued Liabilities [Line Items]
Other		2.3
Revlon Consumer Products Corporation
Schedule of Accrued Liabilities [Line Items]
Taxes	44.8	57.6
Total	$ 423.2	$ 418.2

DEBT - Components of Long-term Debt (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Long-term debt		$ 3,322.5	$ 3,194.2
Less current portion		(217.5)	(288.0)
Long-term debt		3,105.0	2,906.2
Short-term borrowings		$ 2.5	$ 2.2
Weighted-average interest rate (as a percent)		11.70%	8.30%
2020 New BrandCo Second-Lien Term Loans due 2025
Debt Instrument [Line Items]
Long-term debt		$ 75.0	$ 0.0
2020 New ABL FILO Term Loans due 2023
Debt Instrument [Line Items]
Long-term debt		50.0	0.0
2020 Troubled-debt-restructuring: future interest
Debt Instrument [Line Items]
Long-term debt		57.8	0.0
5.75% Senior Notes due 2021
Debt Instrument [Line Items]
Long-term debt		$ 0.0	498.1
Stated interest rate (as a percent)		5.75%
2020 BrandCo Term Loan Facility due 2025
Debt Instrument [Line Items]
Long-term debt		$ 1,644.8	0.0
Less current portion		(13.7)
2016 Term Loan Facility due 2023 and 2025
Debt Instrument [Line Items]
Long-term debt		874.8	1,713.6
Less current portion		(9.2)
Repayment of debt	$ 18.0
2019 Term Loan Facility due 2023
Debt Instrument [Line Items]
Long-term debt		0.0	187.1
2018 Foreign Asset-Based Term Facility due 2021
Debt Instrument [Line Items]
Long-term debt		57.7	82.3
Amended 2016 Revolving Credit Facility due 2021
Debt Instrument [Line Items]
Long-term debt		136.7	269.9
Less current portion		(136.7)	(269.9)
6.25% Senior Notes due 2024
Debt Instrument [Line Items]
Long-term debt		$ 425.4	442.8
Stated interest rate (as a percent)		6.25%
Spanish Government Loan due 2025
Debt Instrument [Line Items]
Long-term debt		$ 0.3	$ 0.4

DEBT - 5.75% Senior Notes Exchange Offer (Details) - USD ($)			12 Months Ended
	Nov. 13, 2020	Nov. 10, 2020	Dec. 31, 2020	Dec. 31, 2019	Nov. 14, 2020	Oct. 23, 2020
Debt Instrument [Line Items]
Outstanding borrowings			$ 3,322,500,000	$ 3,194,200,000
5.75% Senior Notes due 2021
Debt Instrument [Line Items]
Stated interest rate (as a percent)			5.75%
Outstanding borrowings			$ 0	498,100,000
5.75% Senior Notes due 2021 \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Stated interest rate (as a percent)			5.75%			5.75%
Outstanding borrowings	$ 175,500,000		$ 0		$ 0	$ 342,800,000
Debt conversion, original debt amount	236,000,000	$ 236,000,000
Percentage of outstanding principal		68.80%
Debt redeemed	106,800,000
Future interest payments included in restructured debt	$ 50,500,000
Professional fees			13,800,000
5.75% Senior Notes due 2021 \| Revlon Consumer Products Corporation \| 2020
Debt Instrument [Line Items]
Cash per $1,000 principal amount		$ 275
Early tender/consent fee payable per $1,000 principal amount		50
Aggregate cash per $1,000 principal		325
5.75% Senior Notes due 2021 \| Revlon Consumer Products Corporation \| 2021
Debt Instrument [Line Items]
Cash per $1,000 principal amount		200
Early tender/consent fee payable per $1,000 principal amount		50
Aggregate cash per $1,000 principal		$ 250
2020 New ABL FILO Term Loans due 2023
Debt Instrument [Line Items]
Outstanding borrowings			50,000,000.0	0
2020 New ABL FILO Term Loans due 2023 \| Revlon Consumer Products Corporation \| Revolving credit facility
Debt Instrument [Line Items]
Outstanding borrowings			50,000,000.0
Aggregate principal amount						50,000,000
Borrowing base, eligible collateral percent	100.00%
Gain on restructured debt	$ 0
2020 New ABL FILO Term Loans due 2023 \| Revlon Consumer Products Corporation \| LIBOR \| Revolving credit facility
Debt Instrument [Line Items]
Variable rate floor	1.75%
Basis spread on variable interest rate	8.50%
2020 New ABL FILO Term Loans due 2023 \| Revlon Consumer Products Corporation \| 2021 \| Revolving credit facility
Debt Instrument [Line Items]
Aggregate principal amount						50,000,000
2020 New BrandCo Second-Lien Term Loans due 2025
Debt Instrument [Line Items]
Outstanding borrowings			75,000,000.0	0
Paid-in kind fees			17,500,000	0
2020 New BrandCo Second-Lien Term Loans due 2025 \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Outstanding borrowings			75,000,000.0
Aggregate principal amount	$ 75,000,000					75,000,000
Gain on restructured debt	0
Paid-in kind fees	$ 17,500,000		17,500,000	0
2020 New BrandCo Second-Lien Term Loans due 2025 \| Revlon Consumer Products Corporation \| 2021
Debt Instrument [Line Items]
Aggregate principal amount						$ 75,000,000
2020 Troubled-debt-restructuring: future interest
Debt Instrument [Line Items]
Outstanding borrowings			$ 57,800,000	$ 0

DEBT - 2020 BrandCo Refinancing Transactions (Details) - USD ($)

5 Months Ended

6 Months Ended

12 Months Ended

Nov. 13, 2020

Nov. 10, 2020

May 28, 2020

May 07, 2020

Sep. 30, 2020

Jun. 30, 2020

Dec. 31, 2020

Dec. 31, 2019

Oct. 23, 2020

Dec. 31, 2017

Aug. 04, 2016

Paid-in-kind interest expense on the 2020 BrandCo Facilities

$ 10,800,000

$ 0

846,000,000.0

Paid-in-kind interest expense on the 2020 BrandCo Facilities

10,800,000

2020 BrandCo Facility due 2025 | Revlon Consumer Products Corporation

846,000,000.0

2020 BrandCo Facility due 2025 | Revlon Consumer Products Corporation | Secured debt

$ 200,000,000

Proceeds from long-term lines of credit

$ 815,000,000.0

$ 910,600,000

$ 65,000,000.0

Paid-in-kind interest expense on the 2020 BrandCo Facilities

29,100,000

$ 1,500,000

Covenant springing maturity, number of days prior to the maturity date

91 days

Covenant springing maturity threshold amount, minimum one

$ 100,000,000

Debt Issuance costs

$ 119,300,000

2020 BrandCo Facility due 2025 | Revlon Consumer Products Corporation | Secured debt | LIBOR

Basis spread on variable interest rate

Variable rate floor

1.50%

10.50%

Basis spread on variable rate, payment In kind

2.00%

Roll-up BrandCo Facility due 2025 | Revlon Consumer Products Corporation | Secured debt

Maximum borrowing capacity

$ 950,000,000

Roll-up BrandCo Facility due 2025 | Revlon Consumer Products Corporation | Secured debt | LIBOR

Basis spread on variable interest rate

Variable rate floor

0.75%

3.50%

Junior Roll-up BrandCo Facility due 2025 | Revlon Consumer Products Corporation | Secured debt

Maximum borrowing capacity

$ 3,000,000.0

Junior Roll-up BrandCo Facility due 2025 | Revlon Consumer Products Corporation | Secured debt | LIBOR

Basis spread on variable interest rate

Variable rate floor

0.75%

3.50%

Roll-up and Junior Roll-up BrandCo Facilities due 2025 | Revlon Consumer Products Corporation | Secured debt

$ 846,000,000.0

846,000,000.0

Remaining borrowing capacity

846,000,000.0

$ 107,000,000.0

2019 Term Loan Facility due 2023 | Revlon Consumer Products Corporation

^[1]

200,000,000.0

6.25% Senior Notes due 2024

$ 200,000,000

$ 200,000,000.0

^[2]

6.25% Senior Notes due 2024 | Revlon Consumer Products Corporation

6.25%

$ 431,300,000

6.25%

Debt conversion, original debt amount

$ 450,000,000

$ 18,700,000

Future interest payments included in restructured debt

8,700,000

5.75% Senior Notes due 2021

$ 281,400,000

5.75% Senior Notes due 2021 | Revlon Consumer Products Corporation

5.75%

$ 281,400,000

Debt conversion, original debt amount

5.75%

236,000,000

$ 236,000,000

Future interest payments included in restructured debt

50,500,000

2020 New BrandCo Second-Lien Term Loans due 2025

2020 New BrandCo Second-Lien Term Loans due 2025 | Revlon Consumer Products Corporation

$ 17,500,000

17,500,000

10,000,000.0

Gain on restructured debt

75,000,000

$ 75,000,000

2020 New BrandCo Second-Lien Term Loans due 2025 | Revlon Consumer Products Corporation | Supporting BrandCo Lenders

2020 New BrandCo Second-Lien Term Loans due 2025 | Revlon Consumer Products Corporation | All BrandCo Lenders

12,500,000

2020 BrandCo Term Loan Facility due 2025

5,000,000.0

Proceeds from long-term lines of credit

880,000,000.0

2020 BrandCo Term Loan Facility due 2025 | Revlon Consumer Products Corporation

29,100,000

Proceeds from long-term lines of credit

880,000,000.0

2020 BrandCo Term Loan Facility due 2025 | Revlon Consumer Products Corporation | All BrandCo Lenders

29,100,000

$ 0

Fees and expenses incurred

$ 2,500,000

2020 BrandCo Term Loan Facility due 2025 | Revlon Consumer Products Corporation | Secured debt

$ 1,868,400,000

[1]	The Company fully repaid the 2019 Term Loan Facility in May 2020.
[2]	The Company fully repaid the 2019 Term Loan Facility in May 2020.

DEBT - 2016 Term Loan Facility Extension Amendment (Details) - USD ($)			12 Months Ended
	May 07, 2020	Sep. 07, 2016	Dec. 31, 2020	Dec. 31, 2019	Aug. 04, 2016
Debt Instrument [Line Items]
Interest paid			$ 238,600,000	$ 194,600,000
Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Interest paid			238,600,000	$ 194,600,000
Extended Term Loans due 2025 \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Covenant springing maturity threshold amount, minimum one	$ 75,000,000
Covenant springing maturity, number of days prior to the maturity date	91 days
Covenant springing maturity threshold amount, minimum two	$ 100,000,000
Aggregate principal amount outstanding			$ 30,600,000
Extended Term Loans due 2025 \| Revlon Consumer Products Corporation \| LIBOR
Debt Instrument [Line Items]
Variable rate floor	0.75%
Basis spread on variable interest rate	3.50%
6.25% Senior Notes due 2024
Debt Instrument [Line Items]
Stated interest rate (as a percent)			6.25%
6.25% Senior Notes due 2024 \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Stated interest rate (as a percent)			6.25%		6.25%
Aggregate principal amount outstanding			$ 431,300,000
2016 Term Loan Facility due 2023 and 2025
Debt Instrument [Line Items]
Aggregate principal amount outstanding			883,900,000
2016 Term Loan Facility due 2023 and 2025 \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Interest paid	$ 17,000,000.0
2016 Term Loan Facility due 2023
Debt Instrument [Line Items]
Aggregate principal amount outstanding			883,900,000
2016 Term Loan Facility due 2023 \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Aggregate principal amount outstanding			$ 853,300,000
2016 Term Loan Facility due 2023 \| Revlon Consumer Products Corporation \| LIBOR
Debt Instrument [Line Items]
Variable rate floor		0.75%
Basis spread on variable interest rate		3.50%

DEBT - Repurchases of 5.75% Senior Notes due 2021 (Details) - USD ($)		1 Months Ended	5 Months Ended	8 Months Ended	12 Months Ended
	May 07, 2020	Jul. 31, 2020	Dec. 31, 2020	Dec. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Nov. 14, 2020	Nov. 13, 2020	Oct. 23, 2020
Debt Instrument [Line Items]
Interest paid					$ 238,600,000	$ 194,600,000
Gain on extinguishment of debt					43,100,000	0
Outstanding borrowings			$ 3,322,500,000	$ 3,322,500,000	3,322,500,000	3,194,200,000
Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Interest paid					238,600,000	194,600,000
Gain on extinguishment of debt					$ 43,100,000	0
5.75% Senior Notes due 2021
Debt Instrument [Line Items]
Stated interest rate (as a percent)			5.75%	5.75%	5.75%
Outstanding borrowings			$ 0	$ 0	$ 0	$ 498,100,000
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%				5.75%
Debt repurchased	$ 50,000,000	$ 62,800,000	$ 44,400,000	$ 157,200,000
Interest paid	$ 700,000
Gain on extinguishment of debt				43,100,000
Outstanding borrowings			$ 0	$ 0	$ 0		$ 0	$ 175,500,000	$ 342,800,000

DEBT - Prepayment of the 2019 Term Loan Facility due 2023 (Details) - USD ($)
$ in Millions

12 Months Ended

May 07, 2020

Dec. 31, 2020

Dec. 31, 2019

$ 238.6

$ 194.6

238.6

$ 194.6

2019 Term Loan Facility due 2023 | Revlon Consumer Products Corporation

^[1]

200.0

$ 200.0

^[2]

2020 BrandCo Facility due 2025 | Revlon Consumer Products Corporation

1.3

33.5

2020 BrandCo Facility due 2025 | Revlon Consumer Products Corporation | Secured debt

10.3

33.5

10.3

Legal Fees

0.3

Other third party fees

2.0

Debt Issuance costs

$ 119.3

[1]	The Company fully repaid the 2019 Term Loan Facility in May 2020.
[2]	The Company fully repaid the 2019 Term Loan Facility in May 2020.

DEBT - Amendment to the 2018 Foreign Asset-Based Term Facility (Details) $ in Millions				3 Months Ended	12 Months Ended
	May 04, 2020 USD ($)	May 04, 2020 EUR (€)	May 03, 2020	Jun. 30, 2020 EUR (€)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Oct. 23, 2020	Jul. 31, 2018 EUR (€)
2018 Foreign Asset-Based Term Facility due 2021
Debt Instrument [Line Items]
Repayments of senior debt					$ 31.4	$ 0.0
2018 Foreign Asset-Based Term Facility due 2021 \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Repayments of senior debt					31.4	0.0
2018 Foreign Asset-Based Term Facility due 2021 \| Revlon Consumer Products Corporation \| Secured debt
Debt Instrument [Line Items]
Maximum borrowing capacity \| €		€ 77,000,000						€ 77,000,000
Variable rate floor	0.50%	0.50%
Basis spread on variable interest rate	7.00%	7.00%
Borrowing base calculation, percentage of eligible accounts receivable		78.75%	85.00%					85.00%
Borrowing base calculation, percentage of eligible inventory		80.00%	90.00%					90.00%
Covenant springing maturity, number of days prior to the maturity date	91 days	91 days
Mandatory prepayment \| €		€ 5,000,000.0
Fees paid	$ 0.4
Aggregate principal amount outstanding					$ 59.2
Repayments of senior debt \| €				€ 28,500,000
2018 Foreign Asset-Based Term Facility due 2021 \| EURIBOR \| Revlon Consumer Products Corporation \| Secured debt
Debt Instrument [Line Items]
Variable rate floor			0.50%
Basis spread on variable interest rate			6.50%
5.75% Senior Notes due 2021
Debt Instrument [Line Items]
Stated interest rate (as a percent)					5.75%
Repayments of senior debt					$ 281.4	0.0
5.75% Senior Notes due 2021 \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Stated interest rate (as a percent)					5.75%		5.75%
Repayments of senior debt					$ 281.4	$ 0.0

DEBT - Amendments to 2016 Revolving Credit Facility Agreement (Details) - USD ($)	Nov. 13, 2020	Oct. 23, 2020	May 17, 2020	May 07, 2020	Apr. 17, 2020	Dec. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Line of Credit Facility [Line Items]
Outstanding borrowings						$ 3,322,500,000	$ 3,194,200,000
2020 New ABL FILO Term Loans due 2023
Line of Credit Facility [Line Items]
Outstanding borrowings						50,000,000.0	$ 0
Revolving credit facility \| Revlon Consumer Products Corporation \| 2020 New ABL FILO Term Loans due 2023
Line of Credit Facility [Line Items]
Aggregate principal amount		$ 50,000,000
Excess Availability		85,000,000
As-Adjusted Liquidity		175,000,000
Maximum cash or Cash Equivalents		100,000,000
Reserve		30,000,000
Outstanding borrowings						50,000,000.0
Aggregate principal amount outstanding						50,000,000
Revolving credit facility \| Revlon Consumer Products Corporation \| 2020 New ABL FILO Term Loans due 2023 \| LIBOR
Line of Credit Facility [Line Items]
Variable rate floor	1.75%
Revolving credit facility \| Revlon Consumer Products Corporation \| Amended 2016 Revolving Credit Facility due 2021, Tranche A
Line of Credit Facility [Line Items]
Debt repaid		$ 35,000,000
Increase in interest margin				0.75%
Aggregate principal amount outstanding						$ 138,900,000
Revolving credit facility \| Revlon Consumer Products Corporation \| Amended 2016 Revolving Credit Facility due 2021, Tranche B
Line of Credit Facility [Line Items]
Increase in interest margin					0.75%
Lenders fees			$ 1,100,000
Outstanding borrowings					$ 36,300,000
Maximum borrowing capacity								$ 41,500,000
Repayments of long-term lines of credit					$ 5,200,000
Revolving credit facility \| Revlon Consumer Products Corporation \| Amended 2016 Revolving Credit Facility due 2021, Tranche B \| LIBOR
Line of Credit Facility [Line Items]
Variable rate floor					0.75%

DEBT - MacAndrews & Forbes 2020 Restated Line of Credit Facility (Details) - USD ($)	Sep. 28, 2020	Jul. 09, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Outstanding borrowings			$ 3,322,500,000	$ 3,194,200,000
New European ABL FILO Facility \| Secured debt \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 30,000,000
New European ABL FILO Facility \| Secured debt \| Revlon Consumer Products Corporation \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable interest rate	10.00%
2020 Restated Line of Credit Facility \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Maximum borrowing capacity			30,000,000.0
2020 Restated Line of Credit Facility \| Secured debt \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 30,000,000
Outstanding borrowings			$ 0
Future Refinanced European ABL Facility \| Secured debt \| Revlon Consumer Products Corporation \| Scenario, Forecast
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 35,000,000.0
Higher borrowing capacity option		$ 65,000,000.0

DEBT - Incremental Revolving Credit Facility under the 2016 Term Loan Agreement (Details) - 2020 Incremental Facility due 2021 - Revolving credit facility - Revlon Consumer Products Corporation - USD ($)	May 28, 2020	May 11, 2020	Apr. 30, 2020
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 65,000,000
Proceeds from long-term lines of credit		$ 1,500,000	$ 63,500,000
Upfront commitment fees	$ 2,900,000
LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable interest rate			16.00%
Alternate base rate
Line of Credit Facility [Line Items]
Basis spread on variable interest rate			15.00%

DEBT - 2019 Term Loan Facility and 2019 Senior Line of Credit Facility Agreement (Details) - USD ($)

1 Months Ended

12 Months Ended

May 07, 2020

Nov. 30, 2019

Dec. 31, 2020

Dec. 31, 2019

Nov. 07, 2019

Jun. 30, 2019

$ 238,600,000

$ 194,600,000

Outstanding borrowings

3,322,500,000

3,194,200,000

2020 BrandCo Facility due 2025 | Revlon Consumer Products Corporation

238,600,000

194,600,000

$ 200,000,000

33,500,000

2020 BrandCo Facility due 2025 | Revlon Consumer Products Corporation | Secured debt

10,300,000

33,500,000

10,300,000

Legal Fees

300,000

Other third party fees

2,000,000.0

Debt Issuance costs

119,300,000

2019 Term Loan Facility due 2023 | Revlon Consumer Products Corporation

^[1]

200,000,000.0

Outstanding borrowings

187,100,000

200,000,000

$ 200,000,000.0

^[2]

2019 Senior Line of Credit Agreement | Line of Credit

$ 1,300,000

Commitment

$ 30,000,000

Extension term

1 year

Outstanding borrowings

$ 0

Debt repaid

$ 0

8.00%

[1]	The Company fully repaid the 2019 Term Loan Facility in May 2020.
[2]	The Company fully repaid the 2019 Term Loan Facility in May 2020.

DEBT - March 2019 Amendment to the 2016 Revolving Credit Facility Agreement (Details) - Revolving credit facility - Amended 2016 Revolving Credit Facility due 2021, Tranche B - Revlon Consumer Products Corporation		1 Months Ended
	Feb. 28, 2019 USD ($)	Mar. 31, 2019 USD ($) day
Debt Instrument [Line Items]
Commitment		$ 41,500,000
Covenant terms, liquidity threshold, consecutive business days \| day		20
Covenant terms, consolidated fixed charge coverage ratio		100.00%
Current borrowing capacity		$ 41,300,000
Remaining borrowing capacity		$ 37,300,000
Potential increase of maximum borrowing capacity		5.00%
Covenant terms, liquidity	$ 35,000,000	$ 50,000,000
Covenant terms, percentage of maximum	10.00%	15.00%

DEBT - 2018 Foreign Asset-Based Term Loan Credit Agreement (Details) - 2018 Foreign Asset-Based Term Facility due 2021 $ in Millions		1 Months Ended	3 Months Ended	12 Months Ended
	May 04, 2020 EUR (€)	Jul. 31, 2018 EUR (€)	Jun. 30, 2020 EUR (€)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	May 03, 2020
Line of Credit Facility [Line Items]
Repayments of senior debt				$ 31.4	$ 0.0
Revlon Consumer Products Corporation
Line of Credit Facility [Line Items]
Repayments of senior debt				31.4	$ 0.0
Revlon Consumer Products Corporation \| Secured debt
Line of Credit Facility [Line Items]
Maximum borrowing capacity \| €	€ 77,000,000	€ 77,000,000
Additional borrowing capacity \| €		€ 43,000,000
Borrowing base calculation, percentage of eligible accounts receivable	78.75%	85.00%					85.00%
Borrowing base calculation, percentage of eligible inventory	80.00%	90.00%					90.00%
Variable rate floor	0.50%
Basis spread on variable interest rate	7.00%
Percentage of cash deposits that may not exceed borrowing base		10.00%
Debt issuance costs - capitalized and expensed						$ 5.7
Aggregate principal amount outstanding				$ 59.2
Repayments of senior debt \| €			€ 28,500,000
Revlon Consumer Products Corporation \| Secured debt \| EURIBOR
Line of Credit Facility [Line Items]
Variable rate floor		0.50%
Basis spread on variable interest rate		6.50%

DEBT - 2016 Term Loan Facility (Details) - USD ($)					12 Months Ended
DEBT - 2016 Term Loan Facility (Details) - USD ($)	May 11, 2020	May 07, 2020	Apr. 30, 2020	Sep. 07, 2016	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2017	Aug. 04, 2016
Debt Instrument [Line Items]
Interest paid					$ 238,600,000	$ 194,600,000
Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Interest paid					238,600,000	$ 194,600,000
2016 Term Loan Facility due 2023
Debt Instrument [Line Items]
Aggregate principal amount outstanding					883,900,000
2016 Term Loan Facility 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					853,300,000
Equity of first tier foreign subsidiaries in excess of voting equity interests				65.00%
Covenant terms, available amount base, percentage of cumulative consolidated net income				50.00%
Covenant terms, available amount addition				$ 200,000,000
Covenant terms, net debt to consolidated EBITDA ratio				5.0
2016 Term Loan Facility due 2023 \| Revlon Consumer Products Corporation \| LIBOR
Debt Instrument [Line Items]
Variable rate floor				0.75%
Basis spread on variable interest rate				3.50%
2016 Term Loan Facility due 2023 \| Revlon Consumer Products Corporation \| Alternate base rate
Debt Instrument [Line Items]
Basis spread on variable interest rate				2.50%
2020 Incremental Facility due 2021 \| Revlon Consumer Products Corporation \| Revolving credit facility
Debt Instrument [Line Items]
Proceeds from long-term lines of credit	$ 1,500,000		$ 63,500,000
2020 Incremental Facility due 2021 \| Revlon Consumer Products Corporation \| LIBOR \| Revolving credit facility
Debt Instrument [Line Items]
Basis spread on variable interest rate			16.00%
2020 Incremental Facility due 2021 \| Revlon Consumer Products Corporation \| Alternate base rate \| Revolving credit facility
Debt Instrument [Line Items]
Basis spread on variable interest rate			15.00%
Extended Term Loans due 2025 \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Aggregate principal amount outstanding					$ 30,600,000
Covenant springing maturity threshold amount, minimum one		$ 75,000,000
Covenant springing maturity, number of days prior to the maturity date		91 days
Covenant springing maturity threshold amount, minimum two		$ 100,000,000
Extended Term Loans due 2025 \| Revlon Consumer Products Corporation \| LIBOR
Debt Instrument [Line Items]
Variable rate floor		0.75%
Basis spread on variable interest rate		3.50%
6.25% Senior Notes due 2024
Debt Instrument [Line Items]
Stated interest rate (as a percent)					6.25%
6.25% Senior Notes due 2024 \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Aggregate principal amount							$ 450,000,000	$ 450,000,000
Aggregate principal amount outstanding					$ 431,300,000
Stated interest rate (as a percent)					6.25%			6.25%
2016 Term Loan Facility due 2023 and 2025
Debt Instrument [Line Items]
Aggregate principal amount outstanding					$ 883,900,000
2016 Term Loan Facility due 2023 and 2025 \| Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Interest paid		$ 17,000,000.0

DEBT - 6.25% Senior Notes (Details) - USD ($)			12 Months Ended
DEBT - 6.25% Senior Notes (Details) - USD ($)	Nov. 13, 2020	Aug. 04, 2016	Dec. 31, 2020	Dec. 31, 2019	Oct. 23, 2020	Dec. 31, 2017
Debt Instrument [Line Items]
Frequency of interest payments		6 months
Aggregate principal amount rolled-up			$ 846,000,000.0	$ 0
6.25% Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as a percent)			6.25%
Revlon Consumer Products Corporation
Debt Instrument [Line Items]
Aggregate principal amount rolled-up			$ 846,000,000.0	$ 0
Revlon Consumer Products Corporation \| 6.25% Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as a percent)		6.25%	6.25%
Aggregate principal amount		$ 450,000,000				$ 450,000,000
Redemption price percentage, change of control		101.00%
Debt conversion, original debt amount	$ 18,700,000
Aggregate principal amount outstanding			$ 431,300,000
Revlon Consumer Products Corporation \| 2020 New BrandCo Second-Lien Term Loans due 2025
Debt Instrument [Line Items]
Aggregate principal amount	75,000,000				$ 75,000,000
Aggregate principal amount rolled-up	$ 10,000,000.0

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

DEBT - Covenants (Details) - USD ($)	12 Months Ended
DEBT - Covenants (Details) - USD ($)	Dec. 31, 2020	Aug. 04, 2016
6.25% Senior Notes due 2024
Debt Instrument [Line Items]
Stated interest rate (as a percent)	6.25%
Revlon Consumer Products Corporation \| 6.25% Senior Notes due 2024
Debt Instrument [Line Items]
Stated interest rate (as a percent)	6.25%	6.25%
Revlon Consumer Products Corporation \| Amended 2016 Revolving Credit Facility
Debt Instrument [Line Items]
Aggregate principal amount outstanding	$ 188,900,000
Availability	168,000,000.0
Revlon Consumer Products Corporation \| 2020 Restated Line of Credit Facility
Debt Instrument [Line Items]
Commitment	30,000,000.0
Aggregate principal amount outstanding	0
Availability	0
Revolving credit facility \| 2020 New ABL FILO Term Loans due 2023
Debt Instrument [Line Items]
Aggregate principal amount outstanding	50,000,000
Revolving credit facility \| Revlon Consumer Products Corporation \| Amended 2016 Revolving Credit Facility
Debt Instrument [Line Items]
Commitment	400,000,000.0
Borrowing Base	356,900,000
Aggregate principal amount outstanding	188,900,000
Availability	$ 168,000,000.0
Covenant terms, consolidated fixed charge coverage ratio	100.00%
Revolving credit facility \| Revlon Consumer Products Corporation \| Amended 2016 Revolving Credit Facility due 2021, Tranche A
Debt Instrument [Line Items]
Aggregate principal amount outstanding	$ 138,900,000

DEBT - Foreign Subsidiaries (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Cash and cash equivalents	$ 97.1	$ 104.3
Foreign Subsidiaries
Debt Instrument [Line Items]
Cash and cash equivalents	$ 89.8

FAIR VALUE MEASUREMENTS - Schedule of Fair Values of Financial Liabilities (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Financial assets required to be measured at fair value	$ 0	$ 0
Financial liabilities required to be measured at fair value	0	0
Liabilities:
Long-term debt, including current portion, Fair Value	2,168,900,000	2,522,200,000
Long-term debt, including current portion, Carrying Value	3,322,500,000	3,194,200,000
Level 1
Liabilities:
Long-term debt, including current portion, Fair Value	0	0
Level 2
Liabilities:
Long-term debt, including current portion, Fair Value	2,168,900,000	2,522,200,000
Level 3
Liabilities:
Long-term debt, including current portion, Fair Value	$ 0	$ 0

FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Standby letters of credit which support products corporations workers compensation, general liability and automobile insurance programs
Fair Value Measurements Of Financial Instruments [Line Items]
Standby and trade letters of credit for various corporate purposes	$ 5.3	$ 8.3
Sublimit, letters of credit
Fair Value Measurements Of Financial Instruments [Line Items]
Standby and trade letters of credit for various corporate purposes	$ 7.8	$ 11.4

PENSION AND POST-RETIREMENT BENEFITS - Narrative (Details)	1 Months Ended	3 Months Ended	12 Months Ended
	Jan. 31, 2020 USD ($)	Mar. 31, 2020 USD ($)	Dec. 31, 2020 USD ($) plan	Dec. 31, 2019 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Increase in projected benefit obligation			$ 36,800,000
Increase in projected benefit obligation due to reduction in discount rates			50,500,000
Net periodic benefit cost			4,000,000.0	$ 7,200,000
Estimated contributions in next fiscal year			29,000,000
Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit cost			3,300,000	6,600,000
Employer contributions			$ 9,100,000	11,400,000
Pension Plans \| Hedge Funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Redemption notice period			90 days
Pension Plans \| Maximum \| Common and Collective Funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Redemption notice period			10 years
Pension Plans \| Minimum \| Common and Collective Funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Redemption notice period			2 days
Pension Plans \| Qualified Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of qualified defined benefit plans \| plan			2
Employer contributions		$ 1,600,000
Employer contributions, deferral in 2020, CARES Act			$ 11,800,000
Other Post-Retirement Benefit Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit cost			700,000	600,000
Employer contributions			$ 700,000	$ 700,000
UNITED STATES \| Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected long-term return on plan assets (as a percent)			5.50%	6.00%
International Plans \| Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected long-term return on plan assets (as a percent)			3.39%	4.86%
Pension plan liabilities retained by affiliates
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Receivables from affiliates			$ 2,200,000	$ 2,300,000
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			$ 1,400,000	5,500,000
Employer discretionary profit sharing contributions			$ 0	7,200,000
Employer discretionary profit sharing contributions paid	$ 1,600,000			$ 5,600,000
Employer discretionary profit sharing contributions, percentage of employee gross pay				3.00%
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			12.00%

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, 2020	Dec. 31, 2019
Change in Benefit Obligation:
Benefit obligation - beginning of year	$ (629.7)
Benefit obligation - end of year	(666.5)	$ (629.7)
Change in Plan Assets:
Fair value of plan assets - beginning of year	462.4
Fair value of plan assets - end of year	463.0	462.4
Pension Plans
Change in Benefit Obligation:
Benefit obligation - beginning of year	(629.7)	(591.0)
Service cost	(1.7)	(1.9)
Interest cost	(15.0)	(20.0)
Actuarial (loss) gain	(65.8)	(59.3)
Settlement and Curtailment gain	5.5	0.0
Benefits paid	44.0	43.6
Plan Amendments	0.2	(1.2)
Plan participant contributions	(0.5)	(0.6)
Foreign currency translation adjustments	(3.5)	0.7
Benefit obligation - end of year	(666.5)	(629.7)
Change in Plan Assets:
Fair value of plan assets - beginning of year	462.4	432.4
Actual return (loss) on plan assets	35.9	61.3
Employer contributions	9.1	11.4
Settlement gain	(4.1)	0.0
Benefits paid	(44.0)	(43.6)
Plan participant contributions	0.5	0.6
Foreign currency translation adjustments	3.2	0.3
Fair value of plan assets - end of year	463.0	462.4
Total liability	(203.5)	(167.3)
Other Post-Retirement Benefit Plans
Change in Benefit Obligation:
Benefit obligation - beginning of year	(13.4)	(12.2)
Service cost	0.0	0.0
Interest cost	(0.3)	(0.4)
Actuarial (loss) gain	(1.5)	(1.5)
Settlement and Curtailment gain	0.0	0.0
Benefits paid	0.7	0.7
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	(14.5)	(13.4)
Change in Plan Assets:
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	0.7
Settlement gain	0.0	0.0
Benefits paid	(0.7)	(0.7)
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
Total liability	$ (14.5)	$ (13.4)

PENSION AND POST-RETIREMENT BENEFITS - Summary of Amounts Recognized in Respect to Pension Plans and Other Post-retirement Benefit Plans (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Other long-term assets	$ 109.1	$ 121.1
Accrued expenses and other	(420.9)	(414.9)
Pension and other post-retirement benefit liabilities	(212.4)	(181.2)
Accumulated other comprehensive loss, gross	312.6
Income tax benefit	(51.5)
Portion allocated to Revlon Holdings	(0.6)
Accumulated other comprehensive loss, net	260.5
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Other long-term assets	1.3	3.6
Accrued expenses and other	(6.2)	(2.7)
Pension and other post-retirement benefit liabilities	(198.6)	(168.2)
Total liability	(203.5)	(167.3)
Accumulated other comprehensive loss, gross	307.5	266.1
Income tax benefit	(50.6)	(48.7)
Portion allocated to Revlon Holdings	(0.8)	(0.8)
Accumulated other comprehensive loss, net	256.1	216.6
Other Post-Retirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Other long-term assets	0.0	0.0
Accrued expenses and other	(0.7)	(0.4)
Pension and other post-retirement benefit liabilities	(13.8)	(13.0)
Total liability	(14.5)	(13.4)
Accumulated other comprehensive loss, gross	5.1	4.0
Income tax benefit	(0.9)	(1.0)
Portion allocated to Revlon Holdings	0.2	0.2
Accumulated other comprehensive loss, net	$ 4.4	$ 3.2

PENSION AND POST-RETIREMENT BENEFITS - Projected Benefit Obligation, Accumulated Benefit Obligation, and Fair Value of Plan Assets (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Retirement Benefits [Abstract]
Projected benefit obligation	$ 666.5	$ 629.7
Accumulated benefit obligation	663.6	627.9
Fair value of plan assets	$ 463.0	$ 462.4

Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee.

PENSION AND POST-RETIREMENT BENEFITS - Components of Net Periodic Benefit Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Net periodic benefit costs:
Total net periodic benefit costs	$ 4.0	$ 7.2
Pension Plans
Net periodic benefit costs:
Service cost	1.7	1.9
Interest cost	15.0	20.0
Expected return on plan assets	(22.8)	(25.1)
Amortization of actuarial loss	11.0	9.9
Curtailment and Settlement gain	(1.5)	0.0
Total net periodic benefit costs prior to allocation	3.4	6.7
Portion allocated to Revlon Holdings	(0.1)	(0.1)
Total net periodic benefit costs	3.3	6.6
Other Post-Retirement Benefit Plans
Net periodic benefit costs:
Service cost	0.0	0.0
Interest cost	0.3	0.4
Expected return on plan assets	0.0	0.0
Amortization of actuarial loss	0.4	0.2
Curtailment and Settlement gain	0.0	0.0
Total net periodic benefit costs prior to allocation	0.7	0.6
Portion allocated to Revlon Holdings	0.0	0.0
Total net periodic benefit costs	$ 0.7	$ 0.6

PENSION AND POST-RETIREMENT BENEFITS - Classification of Net Periodic Pension (Income) Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total net periodic benefit costs	$ 4.0	$ 7.2
Selling, general and administrative expense
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total net periodic benefit costs	1.7	1.9
Miscellaneous, net
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total net periodic benefit costs	$ 2.3	$ 5.3

PENSION AND POST-RETIREMENT BENEFITS - Summary of Unrecognized Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss	$ 311.7
Prior service cost	0.9
Accumulated Other Comprehensive Loss, Gross	312.6
Income tax benefit	(51.5)
Portion allocated (to) from Revlon Holdings	(0.6)
Accumulated other comprehensive loss, net	260.5
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss	306.6
Prior service cost	0.9
Accumulated Other Comprehensive Loss, Gross	307.5	$ 266.1
Income tax benefit	(50.6)	(48.7)
Portion allocated (to) from Revlon Holdings	(0.8)	(0.8)
Accumulated other comprehensive loss, net	256.1	216.6
Other Post-Retirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss	5.1
Prior service cost	0.0
Accumulated Other Comprehensive Loss, Gross	5.1	4.0
Income tax benefit	(0.9)	(1.0)
Portion allocated (to) from Revlon Holdings	0.2	0.2
Accumulated other comprehensive loss, net	$ 4.4	$ 3.2

PENSION AND POST-RETIREMENT BENEFITS - Weighted-average Assumptions Used to Determine Projected Benefit Obligation for Current Year (Details)	Dec. 31, 2020	Dec. 31, 2019
UNITED STATES
Defined Benefit Plan Disclosure [Line Items]
Rate of future compensation increases (as a percent)		3.50%
UNITED STATES \| Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate (as a percent)	2.18%	3.01%
International Plans
Defined Benefit Plan Disclosure [Line Items]
Rate of future compensation increases (as a percent)	1.81%	2.02%
International Plans \| Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate (as a percent)	1.33%	1.81%

PENSION AND POST-RETIREMENT BENEFITS - Weighted-average Assumptions Used to Determine Net Periodic Benefit Cost (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
UNITED STATES
Defined Benefit Plan Disclosure [Line Items]
Rate of future compensation increases (as a percent)		3.50%
UNITED STATES \| Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate (as a percent)	3.01%	4.13%
Expected long-term return on plan assets (as a percent)	5.50%	6.00%
International Plans
Defined Benefit Plan Disclosure [Line Items]
Rate of future compensation increases (as a percent)	2.02%	2.02%
International Plans \| Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate (as a percent)	1.81%	2.52%
Expected long-term return on plan assets (as a percent)	3.39%	4.86%

PENSION AND POST-RETIREMENT BENEFITS - Weighted Average Risk Target Ranges Per Asset Class (Details) - Pension Plans	Dec. 31, 2020
UNITED STATES \| Minimum \| Common and preferred stock
Defined Benefit Plan Disclosure [Line Items]
Target Ranges	0.00%
UNITED STATES \| Minimum \| Mutual funds
Defined Benefit Plan Disclosure [Line Items]
Target Ranges	15.00%
UNITED STATES \| Minimum \| Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Target Ranges	0.00%
UNITED STATES \| Minimum \| Common and collective funds
Defined Benefit Plan Disclosure [Line Items]
Target Ranges	50.00%
UNITED STATES \| Minimum \| Hedge funds
Defined Benefit Plan Disclosure [Line Items]
Target Ranges	0.00%
UNITED STATES \| Minimum \| Cash and other investments
Defined Benefit Plan Disclosure [Line Items]
Target Ranges	0.00%
UNITED STATES \| Maximum \| Common and preferred stock
Defined Benefit Plan Disclosure [Line Items]
Target Ranges	10.00%
UNITED STATES \| Maximum \| Mutual funds
Defined Benefit Plan Disclosure [Line Items]
Target Ranges	35.00%
UNITED STATES \| Maximum \| Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Target Ranges	20.00%
UNITED STATES \| Maximum \| Common and collective funds
Defined Benefit Plan Disclosure [Line Items]
Target Ranges	70.00%
UNITED STATES \| Maximum \| Hedge funds
Defined Benefit Plan Disclosure [Line Items]
Target Ranges	15.00%
UNITED STATES \| Maximum \| Cash and other investments
Defined Benefit Plan Disclosure [Line Items]
Target Ranges	10.00%
International Plans \| Common and preferred stock
Defined Benefit Plan Disclosure [Line Items]
Target Ranges	0.00%
International Plans \| Mutual funds
Defined Benefit Plan Disclosure [Line Items]
Target Ranges	0.00%
International Plans \| Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Target Ranges	0.00%
International Plans \| Common and collective funds
Defined Benefit Plan Disclosure [Line Items]
Target Ranges	100.00%
International Plans \| Hedge funds
Defined Benefit Plan Disclosure [Line Items]
Target Ranges	0.00%
International Plans \| Cash and other investments
Defined Benefit Plan Disclosure [Line Items]
Target Ranges	0.00%

PENSION AND POST-RETIREMENT BENEFITS - Fair Value of Pension Plan Assets (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 463.0	$ 462.4
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	463.0	462.4	$ 432.4
UNITED STATES \| Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	377.6	380.6
International Plans \| Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 85.4	$ 81.8

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

PENSION AND POST-RETIREMENT BENEFITS - Estimated Future Benefit Payments (Details) $ in Millions	Dec. 31, 2020 USD ($)
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
2021	$ 46.5
2022	43.9
2023	42.4
2024	41.6
2025	40.9
Years 2026 to 2030	187.4
Other Post-Retirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
2021	1.5
2022	1.5
2023	1.4
2024	1.3
2025	1.2
Years 2026 to 2030	$ 4.7

STOCK COMPENSATION PLAN - Narrative (Details) $ in Millions			1 Months Ended		12 Months Ended		16 Months Ended
STOCK COMPENSATION PLAN - Narrative (Details) $ in Millions	Sep. 05, 2019 USD ($) installment shares	Aug. 31, 2019	Sep. 30, 2019 shares	Jul. 31, 2014	Dec. 31, 2020 USD ($) shares	Dec. 31, 2019 USD ($) shares	Dec. 31, 2020 USD ($) shares	Dec. 31, 2018 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense \| $					$ 10.4	$ 8.1
Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance (in shares)					6,565,000		6,565,000
Shares remaining available for grants (in shares)					1,700,000		1,700,000
Renewal term				7 years
Vesting period		3 years	2 years
Common stock not subject to vesting requirements (in shares)			250,000
Options exercisable (in shares)					0	0	0
Compensation expense \| $					$ 10.4	$ 8.1
Revlon 2019 Transaction Incentive Program \| Acquisition, Integration and Divestiture Costs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash-based awards granted, amortization expense \| $					$ 4.1		$ 5.4
Revlon 2019 Transaction Incentive Program, Tier 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash-based awards \| $	$ 6.8
Number of installments \| installment	2
Cash-based awards granted, net of forfeitures \| $							3.9
Revlon 2019 Transaction Incentive Program, Tier 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash-based awards \| $	$ 2.5
Number of installments \| installment	1
Cash-based awards granted, net of forfeitures \| $							2.1
Stock options \| Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award requisite service period					7 years
Stock options \| Stock Plan \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					1 year
Stock options \| Stock Plan \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					4 years
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred stock-based compensation \| $					$ 1.7		1.7
Deferred stock-based compensation, recognition period					1 year 4 months 20 days
Restricted Stock \| Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period						3 years
Compensation expense \| $					$ 1.8
Awards granted (in shares)					0	67,214
Restricted Stock \| Stock Plan \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					2 years
Restricted Stock \| Stock Plan \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					5 years
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred stock-based compensation \| $					$ 23.6		23.6
Awards granted (in shares)					1,065,319	1,096,324
Accelerated cost \| $							$ 1.7
Restricted Stock Units \| Revlon 2019 Transaction Incentive Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense \| $					$ 1.1
Accelerated cost \| $					$ 1.6
Restricted Stock Units \| Revlon 2019 Transaction Incentive Program, Tier 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proportion settled in cash					67.00%
Proportion settled in RSU's					33.00%
Accelerated vesting, number of awards (in shares)					41,203		41,203
Restricted Stock Units \| Revlon 2019 Transaction Incentive Program, Tier 1 \| First Tranche
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage					50.00%
Restricted Stock Units \| Revlon 2019 Transaction Incentive Program, Tier 1 \| Second Tranche
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage					50.00%
Restricted Stock Units \| Revlon 2019 Transaction Incentive Program, Tier 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage					100.00%
Restricted Stock Units \| LTIP Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense \| $					$ 7.5
Accelerated vesting, number of awards (in shares)					44,182		49,642
Restricted Stock Units \| LTIP Plan \| 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)					1,100,000
Time-Based RSUs \| Revlon 2019 Transaction Incentive Program, Tier 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	206,812
Awards granted and outstanding (in shares)					58,773		58,773
Time-Based RSUs \| LTIP Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					3 years
Awards granted (in shares)					577,300
Awards granted and outstanding (in shares)					732,200	721,500	732,200
Period remaining after termination date for accelerated vesting to apply	12 months
Time-Based RSUs \| LTIP Plan \| 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)					577,300
Awards granted and outstanding (in shares)					496,500		496,500
Time-Based RSUs \| Total LTIP and TIP RSU's
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense \| $					$ 7.2
Deferred stock-based compensation \| $					$ 8.5		$ 8.5
Awards granted and outstanding (in shares)					791,000.0	922,100	791,000.0
Performance-Based RSUs \| LTIP Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					3 years
Compensation expense \| $					$ 1.3
Deferred stock-based compensation \| $					$ 15.1		$ 15.1
Awards granted (in shares)					476,300
Awards granted and outstanding (in shares)					934,100	901,200	934,100
Performance-Based RSUs \| LTIP Plan \| 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)					476,300
Awards granted and outstanding (in shares)					462,900		462,900
Performance-Based RSUs \| Total LTIP and TIP RSU's
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted and outstanding (in shares)					934,100	901,200	934,100
Restricted Stock and Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of restricted stock and restricted stock units vested \| $					$ 10.2	$ 6.5
Deferred stock-based compensation \| $					$ 25.3		$ 25.3
Awards granted (in shares)					1,065,300	1,163,500
Awards granted and outstanding (in shares)					1,798,900	2,021,600	1,798,900	1,406,700

STOCK COMPENSATION PLAN - Restricted Stock Unit Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Treasury Stock
Weighted Average Grant Date Fair Value Per RSU
Shares withheld for withholding taxes (in shares)	148,620	92,260
Restricted Stock and Restricted Stock Units
Restricted Stock Units
Outstanding, beginning of period (in shares)	2,021,600	1,406,700
Granted (in shares)	1,065,300	1,163,500
Vested (in shares)	(494,700)	(299,100)
Forfeited (in shares)	(793,300)	(249,500)
Outstanding, end of period (in shares)	1,798,900	2,021,600
Weighted Average Grant Date Fair Value Per RSU
Outstanding, beginning of period (in dollars per share)	$ 20.93	$ 20.32
Granted (in dollars per share)	14.91	21.72
Vested (in dollars per share)	20.52	21.80
Forfeited (in dollars per share)	20.00	20.11
Outstanding, end of period (in dollars per share)	$ 17.89	$ 20.93
Restricted Stock \| Stock Plan
Restricted Stock Units
Granted (in shares)	0	67,214
Restricted Stock Units
Restricted Stock Units
Granted (in shares)	1,065,319	1,096,324

STOCK COMPENSATION PLAN - Activity Related to Time-based and Performance-based RSUs and the Grant Date Fair Value (Details) - $ / shares	12 Months Ended		16 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020
Restricted Stock Units
Restricted Stock Units
Awards granted (in shares)	1,065,319	1,096,324
TIP Plan \| 2019 \| TIP
Restricted Stock Units
Outstanding, beginning of period (in shares)	200,600
Awards granted (in shares)	11,700
Awards vested (in shares)	(97,700)
Awards forfeited/canceled (in shares)	(55,800)
Outstanding, end of period (in shares)	58,800	200,600	58,800
Weighted Average Grant Date Fair Value Per RSU
Awards outstanding, weighted average grant date fair value (in dollars per share)	$ 15.95	$ 16.44	$ 15.95
Awards granted, weighted average grant date fair value (in dollars per share)	10.24
Awards vested, weighted average grant date fair value (in dollars per share)	16.12
Awards forfeited/canceled, weighted average grant date fair value (in dollars per share)	$ 16.44
LTIP Plan \| Time-Based LTIP
Restricted Stock Units
Outstanding, beginning of period (in shares)	721,500
Awards granted (in shares)	577,300
Awards vested (in shares)	(308,900)
Awards forfeited/canceled (in shares)	(257,700)
Outstanding, end of period (in shares)	732,200	721,500	732,200
Weighted Average Grant Date Fair Value Per RSU
Vesting period	3 years
LTIP Plan \| Performance-Based LTIP
Restricted Stock Units
Outstanding, beginning of period (in shares)	901,200
Awards granted (in shares)	476,300
Awards vested (in shares)	(14,200)
Awards forfeited/canceled (in shares)	(429,200)
Outstanding, end of period (in shares)	934,100	901,200	934,100
Weighted Average Grant Date Fair Value Per RSU
Vesting period	3 years
LTIP Plan \| Restricted Stock Units
Weighted Average Grant Date Fair Value Per RSU
Accelerated vesting, number of awards (in shares)	44,182		49,642
LTIP Plan \| 2020 \| Time-Based LTIP
Restricted Stock Units
Awards granted (in shares)	577,300
Awards forfeited/canceled (in shares)	(80,800)
Outstanding, end of period (in shares)	496,500		496,500
Weighted Average Grant Date Fair Value Per RSU
Awards outstanding, weighted average grant date fair value (in dollars per share)	$ 14.96		$ 14.96
Awards granted, weighted average grant date fair value (in dollars per share)	14.96
Awards forfeited/canceled, weighted average grant date fair value (in dollars per share)	$ 14.96
LTIP Plan \| 2020 \| Performance-Based LTIP
Restricted Stock Units
Awards granted (in shares)	476,300
Awards forfeited/canceled (in shares)	(13,400)
Outstanding, end of period (in shares)	462,900		462,900
Weighted Average Grant Date Fair Value Per RSU
Awards outstanding, weighted average grant date fair value (in dollars per share)	$ 14.96		$ 14.96
Awards granted, weighted average grant date fair value (in dollars per share)	14.96
Awards forfeited/canceled, weighted average grant date fair value (in dollars per share)	$ 14.96
LTIP Plan \| 2020 \| Restricted Stock Units
Restricted Stock Units
Awards granted (in shares)	1,100,000
LTIP Plan \| 2019 \| Time-Based LTIP
Restricted Stock Units
Outstanding, beginning of period (in shares)	425,600
Awards granted (in shares)	0
Awards vested (in shares)	(141,800)
Awards forfeited/canceled (in shares)	(114,500)
Outstanding, end of period (in shares)	169,300	425,600	169,300
Weighted Average Grant Date Fair Value Per RSU
Awards outstanding, weighted average grant date fair value (in dollars per share)	$ 22.55	$ 22.55	$ 22.55
Awards granted, weighted average grant date fair value (in dollars per share)	0
Awards vested, weighted average grant date fair value (in dollars per share)	22.55
Awards forfeited/canceled, weighted average grant date fair value (in dollars per share)	$ 22.55
LTIP Plan \| 2019 \| Performance-Based LTIP
Restricted Stock Units
Outstanding, beginning of period (in shares)	425,600
Awards granted (in shares)	0
Awards vested (in shares)	0
Awards forfeited/canceled (in shares)	(170,300)
Outstanding, end of period (in shares)	255,300	425,600	255,300
Weighted Average Grant Date Fair Value Per RSU
Awards outstanding, weighted average grant date fair value (in dollars per share)	$ 22.55	$ 22.55	$ 22.55
Awards granted, weighted average grant date fair value (in dollars per share)	0
Awards vested, weighted average grant date fair value (in dollars per share)	0
Awards forfeited/canceled, weighted average grant date fair value (in dollars per share)	$ 22.55
LTIP Plan \| 2018 \| Time-Based LTIP
Restricted Stock Units
Outstanding, beginning of period (in shares)	241,900
Awards granted (in shares)	0
Awards vested (in shares)	(113,700)
Awards forfeited/canceled (in shares)	(61,800)
Outstanding, end of period (in shares)	66,400	241,900	66,400
Weighted Average Grant Date Fair Value Per RSU
Awards outstanding, weighted average grant date fair value (in dollars per share)	$ 19.40	$ 19.00	$ 19.40
Awards granted, weighted average grant date fair value (in dollars per share)	0
Awards vested, weighted average grant date fair value (in dollars per share)	19.32
Awards forfeited/canceled, weighted average grant date fair value (in dollars per share)	$ 17.98
LTIP Plan \| 2018 \| Performance-Based LTIP
Restricted Stock Units
Outstanding, beginning of period (in shares)	364,700
Awards granted (in shares)	0
Awards vested (in shares)	0
Awards forfeited/canceled (in shares)	(148,800)
Outstanding, end of period (in shares)	215,900	364,700	215,900
Weighted Average Grant Date Fair Value Per RSU
Awards outstanding, weighted average grant date fair value (in dollars per share)	$ 19.42	$ 19.00	$ 19.42
Awards granted, weighted average grant date fair value (in dollars per share)	0
Awards vested, weighted average grant date fair value (in dollars per share)	0
Awards forfeited/canceled, weighted average grant date fair value (in dollars per share)	$ 18.44
LTIP Plan \| 2017 \| Time-Based LTIP
Restricted Stock Units
Outstanding, beginning of period (in shares)	54,000.0
Awards granted (in shares)	0
Awards vested (in shares)	(53,400)
Awards forfeited/canceled (in shares)	(600)
Outstanding, end of period (in shares)	0	54,000.0	0
Weighted Average Grant Date Fair Value Per RSU
Awards outstanding, weighted average grant date fair value (in dollars per share)	$ 0	$ 19.70	$ 0
Awards granted, weighted average grant date fair value (in dollars per share)	0
Awards vested, weighted average grant date fair value (in dollars per share)	19.70
Awards forfeited/canceled, weighted average grant date fair value (in dollars per share)	$ 19.70
LTIP Plan \| 2017 \| Performance-Based LTIP
Restricted Stock Units
Outstanding, beginning of period (in shares)	110,900
Awards granted (in shares)	0
Awards vested (in shares)	(14,200)
Awards forfeited/canceled (in shares)	(96,700)
Outstanding, end of period (in shares)	0	110,900	0
Weighted Average Grant Date Fair Value Per RSU
Awards outstanding, weighted average grant date fair value (in dollars per share)	$ 0	$ 19.70	$ 0
Awards granted, weighted average grant date fair value (in dollars per share)	0
Awards vested, weighted average grant date fair value (in dollars per share)	19.70
Awards forfeited/canceled, weighted average grant date fair value (in dollars per share)	$ 19.70
LTIP Plan \| 2017 \| Restricted Stock Units
Weighted Average Grant Date Fair Value Per RSU
Vesting period	2 years
Total LTIP and TIP RSU's \| Time-Based LTIP
Restricted Stock Units
Outstanding, beginning of period (in shares)	922,100
Outstanding, end of period (in shares)	791,000.0	922,100	791,000.0
Total LTIP and TIP RSU's \| Performance-Based LTIP
Restricted Stock Units
Outstanding, beginning of period (in shares)	901,200
Outstanding, end of period (in shares)	934,100	901,200	934,100
Revlon 2019 Transaction Incentive Program, Tier 1 \| Time-Based LTIP
Restricted Stock Units
Outstanding, end of period (in shares)	58,773		58,773
Revlon 2019 Transaction Incentive Program, Tier 1 \| Restricted Stock Units
Weighted Average Grant Date Fair Value Per RSU
Accelerated vesting, number of awards (in shares)	41,203		41,203

INCOME TAXES - Income Before Income Taxes and Provision for Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Loss from continuing operations before income taxes:
United States	$ (357.0)	$ (293.0)
Foreign	(103.2)	128.0
Loss from continuing operations before income taxes	(460.2)	(165.0)
Provision for income taxes:
United States federal	143.5	(23.2)
State and local	8.1	7.0
Foreign	7.2	16.4
Total provision for income taxes	158.8	0.2
Current:
United States federal	3.5	5.8
State and local	1.8	(1.8)
Foreign	(2.0)	26.0
Current	3.3	30.0
Deferred:
United States federal	140.1	(29.0)
State and local	6.3	8.8
Foreign	9.1	(9.6)
Deferred	$ 155.5	$ (29.8)

INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Line Items]
Provision for income taxes		$ 158.8	$ 0.2
Increase in provision from income taxes		$ 158.6
Valuation allowance assumption, period of taxable loss		3 years
Increase (decrease) in deferred tax valuation allowance	$ 189.5	$ 206.1	(2.4)
Tax loss carryforwards	969.3	969.3
Tax loss carryforwards - expiring 2021	2.5	2.5
Tax loss carryforwards - expiring 2022	1.9	1.9
Tax loss carryforwards - expiring 2023 and beyond	642.9	642.9
Tax loss carryforwards - no expiration	321.9	321.9
Unrecognized tax benefits	84.4	84.4	78.0	$ 74.7
Income tax penalties and interest accrued	15.6	15.6	11.7	$ 9.8
Unrecognized tax benefits that would impact effective tax rate	53.5	53.5
Tax deferred expense	30.9	30.9
Unrecognized tax benefits, expense recognized		3.9	1.9
Decrease in unrecognized tax benefits in 2021	3.6	3.6
Tax Payment \| MacAndrews & Forbes
Income Tax Disclosure [Line Items]
Payments to related party		$ 0.1
Foreign
Income Tax Disclosure [Line Items]
Period of cumulative losses		3 years
Tax loss carryforwards	277.1	$ 277.1
Domestic
Income Tax Disclosure [Line Items]
Tax loss carryforwards	$ 692.2	692.2
Revlon Consumer Products Corporation
Income Tax Disclosure [Line Items]
Provision for income taxes		140.5	$ 1.6
Increase in provision from income taxes		$ 138.9

INCOME TAXES - Reconciliation of Tax Expense to Statutory Federal Income Tax Rate (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Computed income tax benefit	$ (96.6)	$ (34.6)
State and local taxes, net of U.S. federal income tax benefit	1.8	(3.3)
Foreign rate differential and other foreign adjustments	23.8	(5.4)
Net establishment of valuation allowance	193.7	19.1
Net establishment of uncertain tax positions	4.4	0.7
Foreign dividends and earnings taxable in the U.S.	7.9	23.2
Impairment for which there is no tax benefit	17.0	0.0
Other	6.8	0.5
Total provision for income taxes	$ 158.8	$ 0.2

INCOME TAXES - Components of Deferred Taxes (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets:
Inventories	$ 19.0	$ 19.8
Net operating loss carryforwards - U.S.	174.5	165.5
Net operating loss carryforwards - foreign	51.4	55.0
Disallowed Interest Carryover - U.S.	61.2	63.1
Employee benefits	58.1	64.3
Sales-related reserves	16.2	20.4
Lease liability	26.6	20.3
Deferred revenue	17.2	0.1
Restructuring - debt refinancing	14.2	0.0
Other	58.8	55.4
Total gross deferred tax assets	497.2	463.9
Less valuation allowance	(369.4)	(163.3)
Total deferred tax assets, net of valuation allowance	127.8	300.6
Deferred tax liabilities:
Plant, equipment and other assets	(34.9)	(43.9)
Intangibles	(62.8)	(73.3)
Other	(7.6)	(8.1)
Total gross deferred tax liabilities	(105.3)	(125.3)
Net deferred tax assets	22.5	175.3
Revlon Consumer Products Corporation
Deferred tax assets:
Net operating loss carryforwards - U.S.	$ 158.9	$ 146.1

INCOME TAXES - Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Tax
Beginning Balance	$ 66.3	$ 64.9
Increase based on tax positions taken in a prior year	3.5	0.3
Decrease based on tax positions taken in a prior year	(3.3)	(2.2)
Increase based on tax positions taken in the current year	5.5	7.1
Decrease resulting from the lapse of statutes of limitations	(3.2)	(3.8)
Ending Balance	68.8	66.3
Interest and Penalties
Beginning Balance	11.7	9.8
Increase based on tax positions taken in a prior year	6.4	3.4
Decrease based on tax positions taken in a prior year	(1.0)	(0.3)
Increase based on tax positions taken in the current year	0.0	0.0
Decrease resulting from the lapse of statutes of limitations	(1.5)	(1.2)
Ending Balance	15.6	11.7
Total
Beginning balance	78.0	74.7
Increase based on tax positions taken in a prior year	9.9	3.7
Decrease based on tax positions taken in a prior year	(4.3)	(2.5)
Increase based on tax positions taken in the current year	5.5	7.1
Decrease resulting from the lapse of statutes of limitations	(4.7)	(5.0)
Ending balance	$ 84.4	$ 78.0

ACCUMULATED OTHER COMPREHENSIVE LOSS - Roll-forward of Accumulated Other Comprehensive Loss (Details) - USD ($)

12 Months Ended

Dec. 31, 2020

Dec. 31, 2019

Foreign currency translation adjustment, net of tax

$ (1,221,200,000)

$ (1,056,800,000)

^[1]

10,200,000

(2,900,000)

^[2],[3]

11,400,000

9,000,000.0

^[4]

(52,100,000)

(19,300,000)

^[5]

(30,500,000)

(13,200,000)

Foreign currency translation adjustment, tax expense

(1,862,000,000.0)

(1,221,200,000)

(1,800,000)

Amortization of pension related costs, tax expense

(1,100,000)

Pension re-measurement, tax benefit

1,900,000

5,200,000

Accumulated Other Comprehensive (Loss) Income

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

(247,400,000)

(234,200,000)

^[5]

(30,500,000)

(13,200,000)

Foreign Currency Translation

(277,900,000)

(247,400,000)

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

Foreign currency translation adjustment, net of tax

(27,300,000)

(24,400,000)

10,200,000

(2,900,000)

10,200,000

(2,900,000)

Foreign currency translation adjustment, tax expense

(17,100,000)

(27,300,000)

(1,800,000)

Actuarial (Loss) Gain on Post-retirement Benefits

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

(219,800,000)

(209,500,000)

11,400,000

9,000,000.0

(52,100,000)

(19,300,000)

(40,700,000)

(10,300,000)

Amortization of pension related costs, tax expense

(260,500,000)

(219,800,000)

(1,100,000)

Pension re-measurement, tax benefit

1,900,000

5,200,000

Other

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

(300,000)

$ (300,000)

[1]	Net of tax expense of nil and $1.8 million for the years ended December 31, 2020 and 2019, respectively.
[2]	Net of tax expense of nil and $1.1 million for the years ended December 31, 2020 and 2019, respectively.
[3]	This amount is included in the computation of net periodic benefit costs (income). See Note 11, "Pension and Post-Retirement Benefits," for additional information regarding net periodic benefit costs (income).
[4]	Net of tax benefit of $1.9 million and $5.2 million for the years ended December 31, 2020 and 2019, respectively.
[5]	See Note 14, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the years ended December 31, 2020 and 2019, respectively.

STOCKHOLDERS' DEFICIENCY - Common and Treasury Stock Issued and/or Outstanding (Details) - shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Restricted Stock \| Stock Plan
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Awards granted	0	67,214
Restricted Stock Units
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Awards granted	1,065,319	1,096,324
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	1,625,580	1,533,320
Withholding of restricted stock to satisfy taxes	148,620	92,260
Ending balance	1,774,200	1,625,580
Class A Common Stock \| Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	56,470,490	55,556,466
Restricted stock grants	1,065,319	1,163,538
Restricted stock forfeitures	(793,296)	(249,514)
Ending balance	56,742,513	56,470,490

STOCKHOLDERS' DEFICIENCY - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Class of Stock [Line Items]
Common stock, authorized (in shares)	900,000,000	900,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Tax withholdings related to net share settlements of restricted stock units and awards	$ 1.7	$ 1.6
Treasury Stock
Class of Stock [Line Items]
Shares withheld for withholding taxes (in shares)	148,620	92,260
Class A Common Stock
Class of Stock [Line Items]
Common stock, authorized (in shares)	900,000,000
Common stock, par value (in dollars per share)	$ 0.01
Percentage ownership of outstanding common stock	86.70%
Class A Common Stock \| Treasury Stock \| Restricted Stock and Restricted Stock Units
Class of Stock [Line Items]
Share repurchase price (in dollars per share)	$ 10.98	$ 17.75
Class B Common Stock
Class of Stock [Line Items]
Common stock, authorized (in shares)	200,000,000
Common stock, par value (in dollars per share)	$ 0.01

SEGMENT DATA AND RELATED INFORMATION - Net Sales and Segment Profit (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Net sales	$ 1,904.3	$ 2,419.6
Segment profit	(226.3)	60.7
Depreciation and amortization	143.3	162.9
Non-Operating items:
Restructuring and related charges	49.7	12.8
Acquisition, integration and divestiture costs	5.0	3.9
(Gain) loss on divested assets	(0.5)	(26.6)
Impairment charges	144.1	0.0
Operating (loss) income	(226.3)	60.7
Interest Expense	243.3	196.6
Amortization of debt issuance costs	26.8	14.6
Gain on early extinguishment of debt	(43.1)	0.0
Foreign currency (gains) losses, net	(6.0)	(1.9)
Miscellaneous, net	12.9	16.4
Loss from continuing operations before income taxes	(460.2)	(165.0)
Operating segments
Segment Reporting Information [Line Items]
Net sales	1,904.3	2,419.6
Segment profit	240.1	266.1
Non-Operating items:
Operating (loss) income	240.1	266.1
Segment reconciling items
Segment Reporting Information [Line Items]
Depreciation and amortization	143.3	162.9
Non-cash stock compensation expense	10.4	8.1
Non-Operating items:
Restructuring and related charges	68.7	30.5
Acquisition, integration and divestiture costs	5.0	3.9
(Gain) loss on divested assets	(0.5)	(26.6)
Financial control remediation and sustainability actions and related charges	9.6	13.4
Excessive coupon redemptions	4.2	13.2
COVID-19 charges	46.3	0.0
Capital structure and related charges	35.3	0.0
Impairment charges	144.1	0.0
Revlon
Segment Reporting Information [Line Items]
Net sales	688.4	958.8
Revlon \| Operating segments
Segment Reporting Information [Line Items]
Net sales	688.4	958.8
Segment profit	86.5	101.2
Non-Operating items:
Operating (loss) income	86.5	101.2
Elizabeth Arden
Segment Reporting Information [Line Items]
Net sales	463.5	520.0
Elizabeth Arden \| Operating segments
Segment Reporting Information [Line Items]
Net sales	463.5	520.0
Segment profit	39.6	37.6
Non-Operating items:
Operating (loss) income	39.6	37.6
Portfolio
Segment Reporting Information [Line Items]
Net sales	401.3	487.8
Portfolio \| Operating segments
Segment Reporting Information [Line Items]
Net sales	401.3	487.8
Segment profit	47.4	45.0
Non-Operating items:
Operating (loss) income	47.4	45.0
Fragrance
Segment Reporting Information [Line Items]
Net sales	351.1	453.0
Fragrance \| Operating segments
Segment Reporting Information [Line Items]
Net sales	351.1	453.0
Segment profit	66.6	82.3
Non-Operating items:
Operating (loss) income	66.6	82.3
Revlon Consumer Products Corporation
Segment Reporting Information [Line Items]
Net sales	1,904.3	2,419.6
Segment profit	(219.1)	68.6
Depreciation and amortization	143.3	162.9
Non-cash stock compensation expense	10.4	8.1
Non-Operating items:
Acquisition, integration and divestiture costs	5.0	3.9
(Gain) loss on divested assets	(0.5)	(26.6)
Impairment charges	144.1	0.0
Operating (loss) income	(219.1)	68.6
Interest Expense	243.3	196.6
Amortization of debt issuance costs	26.8	14.6
Gain on early extinguishment of debt	(43.1)	0.0
Foreign currency (gains) losses, net	(6.0)	(1.9)
Miscellaneous, net	12.9	16.4
Loss from continuing operations before income taxes	(453.0)	(157.1)
Revlon Consumer Products Corporation \| Operating segments
Segment Reporting Information [Line Items]
Net sales	1,904.3	2,419.6
Segment profit	247.3	274.0
Non-Operating items:
Operating (loss) income	247.3	274.0
Revlon Consumer Products Corporation \| Segment reconciling items
Non-Operating items:
Restructuring and related charges	68.7	30.5
Acquisition, integration and divestiture costs	5.0	3.9
(Gain) loss on divested assets	(0.5)	(26.6)
Financial control remediation and sustainability actions and related charges	9.6	13.4
Excessive coupon redemptions	4.2	13.2
COVID-19 charges	46.3	0.0
Capital structure and related charges	35.3	0.0
Impairment charges	144.1	0.0
Revlon Consumer Products Corporation \| Revlon \| Operating segments
Segment Reporting Information [Line Items]
Net sales	688.4	958.8
Segment profit	89.1	104.3
Non-Operating items:
Operating (loss) income	89.1	104.3
Revlon Consumer Products Corporation \| Elizabeth Arden \| Operating segments
Segment Reporting Information [Line Items]
Net sales	463.5	520.0
Segment profit	41.4	39.3
Non-Operating items:
Operating (loss) income	41.4	39.3
Revlon Consumer Products Corporation \| Portfolio \| Operating segments
Segment Reporting Information [Line Items]
Net sales	401.3	487.8
Segment profit	48.9	46.6
Non-Operating items:
Operating (loss) income	48.9	46.6
Revlon Consumer Products Corporation \| Fragrance \| Operating segments
Segment Reporting Information [Line Items]
Net sales	351.1	453.0
Segment profit	67.9	83.8
Non-Operating items:
Operating (loss) income	$ 67.9	$ 83.8

SEGMENT DATA AND RELATED INFORMATION - Narrative (Details) - country	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Walmart \| Revenue Benchmark \| Customer Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk percentage	18.00%	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, 2020	Dec. 31, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 1,904.3	$ 2,419.6
Long-lived assets	$ 1,455.6	$ 1,694.1
Travel Retail Sales business
Revenues from External Customers and Long-Lived Assets [Line Items]
Percentage of net sales by business	2.10%	4.60%
North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 986.7	$ 1,225.7
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	434.8	583.2
Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	302.2	364.3
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	77.6	117.1
Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	103.0	129.3
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 1,194.9	$ 1,414.0
Percentage of long lived assets by geographic location	82.00%	83.00%
International
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 260.7	$ 280.1
Percentage of long lived assets by geographic location	18.00%	17.00%
Revlon
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 688.4	$ 958.8
Revlon \| North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	381.0	497.2
Revlon \| EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	146.3	199.9
Revlon \| Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	49.9	107.9
Revlon \| Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	50.9	75.5
Revlon \| Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	60.3	78.3
Elizabeth Arden
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	463.5	520.0
Elizabeth Arden \| North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	104.4	120.4
Elizabeth Arden \| EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	95.7	130.6
Elizabeth Arden \| Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	239.2	236.1
Elizabeth Arden \| Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	5.8	9.2
Elizabeth Arden \| Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	18.4	23.7
Portfolio
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	401.3	487.8
Portfolio \| North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	247.9	298.9
Portfolio \| EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	122.9	149.8
Portfolio \| Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	2.2	4.2
Portfolio \| Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	16.2	22.2
Portfolio \| Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	12.1	12.7
Fragrance
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	351.1	453.0
Fragrance \| North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	253.4	309.2
Fragrance \| EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	69.9	102.9
Fragrance \| Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	10.9	16.1
Fragrance \| Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	4.7	10.2
Fragrance \| Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 12.2	$ 14.6

SEGMENT DATA AND RELATED INFORMATION - Schedule of Net Sales by Classes of Similar Products (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Revenue from External Customer [Line Items]
Net sales	$ 1,904.3	$ 2,419.6
Color cosmetics
Revenue from External Customer [Line Items]
Net sales	$ 452.0	$ 769.9
Percentage of net sales by classes of similar products	24.00%	32.00%
Fragrance
Revenue from External Customer [Line Items]
Net sales	$ 486.1	$ 611.7
Percentage of net sales by classes of similar products	25.00%	26.00%
Hair care
Revenue from External Customer [Line Items]
Net sales	$ 456.1	$ 513.8
Percentage of net sales by classes of similar products	24.00%	21.00%
Beauty care
Revenue from External Customer [Line Items]
Net sales	$ 189.0	$ 176.9
Percentage of net sales by classes of similar products	10.00%	7.00%
Skin care
Revenue from External Customer [Line Items]
Net sales	$ 321.1	$ 347.3
Percentage of net sales by classes of similar products	17.00%	14.00%

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Condensed Income Statements, Captions [Line Items]

REVLON, INC. BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE - Narrative (Details) - shares	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share, Basic and Diluted [Abstract]
Stock options outstanding (in 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	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Numerator:
Loss from continuing operations, net of taxes	$ (619.0)	$ (165.2)
Income from discontinued operations, net of taxes	0.0	7.5
Net (loss) income	$ (619.0)	$ (157.7)
Denominator:
Weighted-average common shares outstanding - Basic (in shares)	53,401,324	53,081,321
Effect of dilutive restricted stock and RSUs (in shares)	0	0
Weighted-average common shares outstanding - Diluted (in shares)	53,401,324	53,081,321
Basic and Diluted (loss) earnings per common share:
Continuing operations (in dollars per share)	$ (11.59)	$ (3.11)
Discontinued operations (in dollars per share)	0	0.14
Net loss (in dollars per share)	$ (11.59)	$ (2.97)
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)	0	478,202

RELATED PARTY TRANSACTIONS - Narrative (Details) - USD ($)			1 Months Ended		12 Months Ended
	Nov. 13, 2020	Nov. 10, 2020	Mar. 31, 2020	Oct. 31, 2013	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2009	Oct. 23, 2020	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
Products Corporation
Related Party Transaction [Line Items]
Percentage of voting capital stock					66.00%
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
5.75% Senior Notes due 2021
Related Party Transaction [Line Items]
Stated interest rate (as a percent)					5.75%
5.75% Senior Notes due 2021 \| Revlon Consumer Products Corporation
Related Party Transaction [Line Items]
Stated interest rate (as a percent)					5.75%			5.75%
Debt conversion, original debt amount	$ 236,000,000	$ 236,000,000
Class A Common Stock
Related Party Transaction [Line Items]
Percentage ownership of outstanding common stock					86.70%
Shares converted in Offering				3,125,000			9,336,905
MacAndrews & Forbes \| Reimbursements
Related Party Transaction [Line Items]
Payable to related party						$ 200,000
Related party income					$ 800,000
Related party expenses						500,000
Receivable from related party					100,000
MacAndrews & Forbes \| Reimbursements, D&O Insurance Program
Related Party Transaction [Line Items]
Payments to related party					5,300,000
Payable to related party					0
MacAndrews & Forbes \| 5.75% Senior Notes due 2021 \| Revlon Consumer Products Corporation
Related Party Transaction [Line Items]
Debt conversion, original debt amount	$ 15,500,000
Majority Shareholder \| Related party expense, other advertising coupon redemption and raw material supply
Related Party Transaction [Line Items]
Payments to related party					900,000	1,000,000.0
Payable to related party					300,000	500,000
Related party expenses					32,600,000	55,100,000
Majority Shareholder \| Related party expense, coupon redemption services
Related Party Transaction [Line Items]
Payable to related party					$ 600,000	$ 5,500,000
Mr. Beattie \| 2020 Consulting Agreement
Related Party Transaction [Line Items]
Consulting agreement renewal term			1 year
Annual consulting fee			$ 250,000

PRODUCTS CORPORATION AND SUBSIDIARIES GUARANTOR FINANCIAL INFORMATION - Narrative (Details)	Dec. 31, 2020	Oct. 23, 2020	Aug. 04, 2016
5.75% Senior Notes
Condensed Financial Statements, Captions [Line Items]
Stated interest rate (as a percent)	5.75%
5.75% Senior Notes \| Revlon Consumer Products Corporation
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% Senior Notes \| Revlon Consumer Products Corporation
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, 2020	Dec. 31, 2019	Dec. 31, 2018
Assets [Abstract]
Cash and cash equivalents	$ 97.1	$ 104.3
Trade receivables, less allowances for doubtful accounts	352.3	423.4
Inventories, net	462.6	448.4
Property, plant and equipment and Right-of-Use assets, net	352.0	408.6
Deferred income taxes	25.7	175.1
Goodwill	563.7	673.7
Intangible assets, net	430.8	490.7
Other assets	109.1	121.1
Total assets	2,527.7	2,980.6
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Short-term borrowings	2.5	2.2
Current portion of long-term debt	217.5	288.0
Accounts payable	203.3	251.8
Accrued expenses and other current liabilities	420.9	414.9
Long-term debt	3,105.0	2,906.2
Stockholder’s (deficiency) equity	(1,862.0)	(1,221.2)	$ (1,056.8)
Total liabilities and stockholder’s (deficiency) equity	2,527.7	2,980.6
Revlon Consumer Products Corporation
Assets [Abstract]
Cash and cash equivalents	97.1	104.3
Trade receivables, less allowances for doubtful accounts	352.3	423.4
Inventories, net	462.6	448.4
Prepaid expenses and other	300.5	292.6
Intercompany receivables	0.0	0.0
Investment in subsidiaries	0.0	0.0
Property, plant and equipment and Right-of-Use assets, net	352.0	408.6
Deferred income taxes	34.1	158.1
Goodwill	563.7	673.7
Intangible assets, net	430.8	490.7
Other assets	109.1	121.1
Total assets	2,702.2	3,120.9
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Short-term borrowings	2.5	2.2
Current portion of long-term debt	217.5	288.0
Accounts payable	203.3	251.8
Accrued expenses and other current liabilities	423.2	418.2
Intercompany payables	0.0	0.0
Long-term debt	3,105.0	2,906.2
Other long-term liabilities	453.7	343.9
Total liabilities	4,405.2	4,210.3
Stockholder’s (deficiency) equity	(1,703.0)	(1,089.4)	$ (933.1)
Total liabilities and stockholder’s (deficiency) equity	2,702.2	3,120.9
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, net	0.0	0.0
Prepaid expenses and other	0.0	0.0
Intercompany receivables	(7,755.9)	(6,165.0)
Investment in subsidiaries	(1,655.9)	(1,629.0)
Property, plant and equipment and Right-of-Use assets, net	0.0	0.0
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	(9,411.8)	(7,794.0)
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	(7,755.7)	(6,165.0)
Long-term debt	0.0	0.0
Other long-term liabilities	0.0	0.0
Total liabilities	(7,755.7)	(6,165.0)
Stockholder’s (deficiency) equity	(1,656.1)	(1,629.0)
Total liabilities and stockholder’s (deficiency) equity	(9,411.8)	(7,794.0)
Revlon Consumer Products Corporation \| Products Corporation \| Reportable Legal Entities
Assets [Abstract]
Cash and cash equivalents	5.5	0.8
Trade receivables, less allowances for doubtful accounts	86.0	95.5
Inventories, net	121.3	131.0
Prepaid expenses and other	220.6	219.7
Intercompany receivables	3,592.2	2,857.7
Investment in subsidiaries	1,653.6	1,598.3
Property, plant and equipment and Right-of-Use assets, net	178.5	208.7
Deferred income taxes	0.0	165.0
Goodwill	48.9	159.9
Intangible assets, net	10.0	13.0
Other assets	67.9	67.8
Total assets	5,984.5	5,517.4
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Short-term borrowings	0.0	0.0
Current portion of long-term debt	159.2	287.9
Accounts payable	72.5	108.4
Accrued expenses and other current liabilities	144.1	124.1
Intercompany payables	3,897.1	3,030.3
Long-term debt	3,104.7	2,822.2
Other long-term liabilities	377.3	220.4
Total liabilities	7,754.9	6,593.3
Stockholder’s (deficiency) equity	(1,770.4)	(1,075.9)
Total liabilities and stockholder’s (deficiency) equity	5,984.5	5,517.4
Revlon Consumer Products Corporation \| Guarantor Subsidiaries \| Reportable Legal Entities
Assets [Abstract]
Cash and cash equivalents	2.5	6.4
Trade receivables, less allowances for doubtful accounts	95.7	92.3
Inventories, net	147.7	151.5
Prepaid expenses and other	24.6	26.4
Intercompany receivables	3,549.6	2,854.6
Investment in subsidiaries	2.3	30.7
Property, plant and equipment and Right-of-Use assets, net	72.1	89.5
Deferred income taxes	10.6	(37.8)
Goodwill	264.0	264.0
Intangible assets, net	187.8	346.9
Other assets	9.3	16.2
Total assets	4,366.2	3,840.7
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Short-term borrowings	0.0	0.0
Current portion of long-term debt	0.0	0.0
Accounts payable	48.0	39.9
Accrued expenses and other current liabilities	61.7	70.0
Intercompany payables	3,162.0	2,668.7
Long-term debt	0.0	0.0
Other long-term liabilities	33.8	118.2
Total liabilities	3,305.5	2,896.8
Stockholder’s (deficiency) equity	1,060.7	943.9
Total liabilities and stockholder’s (deficiency) equity	4,366.2	3,840.7
Revlon Consumer Products Corporation \| Non-Guarantor Subsidiaries \| Reportable Legal Entities
Assets [Abstract]
Cash and cash equivalents	89.1	97.1
Trade receivables, less allowances for doubtful accounts	170.6	235.6
Inventories, net	193.6	165.9
Prepaid expenses and other	55.3	46.5
Intercompany receivables	614.1	452.7
Investment in subsidiaries	0.0	0.0
Property, plant and equipment and Right-of-Use assets, net	101.4	110.4
Deferred income taxes	23.5	30.9
Goodwill	250.8	249.8
Intangible assets, net	233.0	130.8
Other assets	31.9	37.1
Total assets	1,763.3	1,556.8
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Short-term borrowings	2.5	2.2
Current portion of long-term debt	58.3	0.1
Accounts payable	82.8	103.5
Accrued expenses and other current liabilities	217.4	224.1
Intercompany payables	696.6	466.0
Long-term debt	0.3	84.0
Other long-term liabilities	42.6	5.3
Total liabilities	1,100.5	885.2
Stockholder’s (deficiency) equity	662.8	671.6
Total liabilities and stockholder’s (deficiency) equity	$ 1,763.3	$ 1,556.8

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

12 Months Ended

Dec. 31, 2020

Dec. 31, 2019

$ 1,904.3

$ 2,419.6

860.5

1,052.2

1,043.8

1,367.4

1,071.8

1,316.6

5.0

3.9

49.7

12.8

144.1

0.0

(0.5)

(26.6)

(226.3)

60.7

243.3

196.6

26.8

14.6

(43.1)

0.0

(6.0)

(1.9)

12.9

16.4

Loss from continuing operations before income taxes

233.9

225.7

(460.2)

(165.0)

(Loss) income from continuing operations, net of taxes

158.8

0.2

(619.0)

(165.2)

0.0

7.5

(619.0)

(157.7)

^[1]

(30.5)

(13.2)

(649.5)

(170.9)

Condensed Income Statements, Captions [Line Items]

1,904.3

2,419.6

860.5

1,052.2

1,043.8

1,367.4

1,064.6

1,308.7

5.0

3.9

49.7

12.8

144.1

0.0

(0.5)

(26.6)

(219.1)

68.6

0.0

243.3

196.6

26.8

14.6

(43.1)

0.0

(6.0)

(1.9)

12.9

16.4

Loss from continuing operations before income taxes

233.9

225.7

(453.0)

(157.1)

(Loss) income from continuing operations, net of taxes

140.5

1.6

(593.5)

(158.7)

0.0

7.5

0.0

(593.5)

(151.2)

^[2]

(30.5)

(13.2)

Revlon Consumer Products Corporation | Eliminations

(624.0)

(164.4)

Condensed Income Statements, Captions [Line Items]

0.0

(3.4)

0.0

(3.4)

0.0

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

0.0

(59.3)

(163.5)

(59.3)

(163.5)

(0.3)

5.7

Revlon Consumer Products Corporation | Products Corporation | Reportable Legal Entities

(59.6)

(157.8)

Condensed Income Statements, Captions [Line Items]

433.8

590.1

213.4

282.6

220.4

307.5

363.0

430.6

4.8

0.7

23.7

3.3

112.1

(0.5)

0.0

(282.7)

(127.1)

(3.6)

(4.3)

236.8

189.5

26.8

14.6

(43.1)

5.2

(0.6)

(3.1)

(31.6)

Loss from continuing operations before income taxes

219.0

167.6

(501.7)

(294.7)

(Loss) income from continuing operations, net of taxes

174.5

(55.6)

(676.2)

(239.1)

0.0

88.3

144.5

(587.9)

(94.6)

(30.5)

(13.3)

Revlon Consumer Products Corporation | Guarantor Subsidiaries | Reportable Legal Entities

(618.4)

(107.9)

Condensed Income Statements, Captions [Line Items]

523.0

622.1

273.7

306.5

249.3

315.6

234.0

331.9

0.0

0.1

11.2

4.0

22.0

0.0

(17.9)

(20.4)

2.3

2.6

0.0

0.0

0.0

0.3

(1.2)

(89.4)

(36.3)

Loss from continuing operations before income taxes

(86.8)

(34.9)

68.9

14.5

(Loss) income from continuing operations, net of taxes

(44.9)

40.8

113.8

(26.3)

0.0

(29.0)

19.0

84.8

(7.3)

(4.7)

(6.9)

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

80.1

(14.2)

Condensed Income Statements, Captions [Line Items]

947.5

1,210.8

373.4

466.5

574.1

744.3

467.6

546.2

0.2

3.1

14.8

5.5

10.0

0.0

(26.6)

81.5

216.1

1.3

1.7

6.5

7.1

0.0

0.0

(11.5)

(0.1)

105.4

84.3

Loss from continuing operations before income taxes

101.7

93.0

(20.2)

123.1

(Loss) income from continuing operations, net of taxes

10.9

16.4

(31.1)

106.7

7.5

0.0

(31.1)

114.2

5.0

1.3

$ (26.1)

$ 115.5

[1]	See Note 14, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the years ended December 31, 2020 and 2019, respectively.
[2]	See Note 14, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the years ended December 31, 2020 and 2019, respectively.

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

12 Months Ended

May 07, 2020

Dec. 31, 2020

Dec. 31, 2019

Oct. 23, 2020

Net cash (used in) provided by operating activities

$ (97.3)

$ (68.3)

(10.3)

2.1

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

4.3

(17.3)

Tax withholdings related to net share settlements of restricted stock and RSUs

(122.0)

(15.3)

(1.7)

(1.6)

Net cash provided by (used in) financing activities

(0.3)

(0.9)

102.5

84.3

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

3.1

(1.1)

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

(2.0)

17.0

Cash, cash equivalents and restricted cash at beginning of period

^[1]

104.5

87.5

Cash, cash equivalents and restricted cash at end of period

^[1]

102.5

104.5

2020 BrandCo Term Loan Facility due 2025

5.75% Senior Notes due 2021

$ 880.0

0.0

5.75%

Amended 2016 Revolving Credit Facility due 2021

$ (281.4)

0.0

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

(133.5)

(62.6)

^[2]

200.0

2018 Foreign Asset-Based Term Facility due 2021

^[2]

(200.0)

(31.4)

0.0

2016 Term Loan Facility

(11.5)

(18.0)

Net cash (used in) provided by operating activities

(97.3)

(68.3)

(10.3)

2.1

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

4.3

(17.3)

Tax withholdings related to net share settlements of restricted stock and RSUs

(122.0)

(15.3)

(1.7)

(1.6)

Net cash provided by (used in) financing activities

(0.3)

(0.9)

102.5

84.3

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

3.1

(1.1)

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

(2.0)

17.0

Cash, cash equivalents and restricted cash at beginning of period

^[3]

104.5

87.5

Cash, cash equivalents and restricted cash at end of period

^[3]

102.5

104.5

Revlon Consumer Products Corporation | 2020 BrandCo Term Loan Facility due 2025

Revlon Consumer Products Corporation | 5.75% Senior Notes due 2021

$ 880.0

0.0

5.75%

Revlon Consumer Products Corporation | Amended 2016 Revolving Credit Facility due 2021

$ (281.4)

0.0

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

(133.5)

(62.6)

Revlon Consumer Products Corporation | 2019 Term Loan Facility due 2023

^[4]

200.0

Revlon Consumer Products Corporation | 2018 Foreign Asset-Based Term Facility due 2021

$ (200.0)

(200.0)

^[4]

Revlon Consumer Products Corporation | 2016 Term Loan Facility

(31.4)

0.0

Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation

(11.5)

(18.0)

Net cash (used in) provided by operating activities

(91.4)

(83.9)

(7.7)

(17.1)

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

4.6

(7.1)

Tax withholdings related to net share settlements of restricted stock and RSUs

(122.7)

(15.3)

(1.7)

(1.6)

Net cash provided by (used in) financing activities

(0.1)

(0.6)

102.3

94.8

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

2.4

0.0

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

5.6

(6.3)

Cash, cash equivalents and restricted cash at beginning of period

1.0

7.3

Cash, cash equivalents and restricted cash at end of period

6.6

1.0

Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation | 2020 BrandCo Term Loan Facility due 2025

Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation | 5.75% Senior Notes due 2021

880.0

Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation | Amended 2016 Revolving Credit Facility due 2021

(281.4)

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

(133.5)

(62.6)

Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation | 2019 Term Loan Facility due 2023

200.0

Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation | 2018 Foreign Asset-Based Term Facility due 2021

(200.0)

Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation | 2016 Term Loan Facility

(31.4)

Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries

(11.5)

(18.0)

Net cash (used in) provided by operating activities

0.0

1.9

(0.3)

(2.0)

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

(0.4)

(3.7)

Tax withholdings related to net share settlements of restricted stock and RSUs

0.0

0.0

Net cash provided by (used in) financing activities

(0.1)

(0.5)

(3.8)

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

2.1

3.7

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

1.3

(0.2)

Cash, cash equivalents and restricted cash at beginning of period

6.4

6.6

Cash, cash equivalents and restricted cash at end of period

7.7

6.4

Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries | 2020 BrandCo Term Loan Facility due 2025

Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries | 5.75% Senior Notes due 2021

0.0

Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries | Amended 2016 Revolving Credit Facility due 2021

0.0

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

0.0

Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries | 2019 Term Loan Facility due 2023

0.0

Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries | 2018 Foreign Asset-Based Term Facility due 2021

0.0

Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries | 2016 Term Loan Facility

0.0

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

0.0

Net cash (used in) provided by operating activities

(5.9)

13.7

(2.3)

21.2

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

0.1

(6.5)

Tax withholdings related to net share settlements of restricted stock and RSUs

0.7

0.0

0.0

Net cash provided by (used in) financing activities

(0.1)

(0.2)

0.7

(6.7)

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

(1.4)

(4.8)

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

(8.9)

23.6

Cash, cash equivalents and restricted cash at beginning of period

97.2

73.6

Cash, cash equivalents and restricted cash at end of period

88.3

97.2

Revlon Consumer Products Corporation | Reportable Legal Entities | Non-Guarantor Subsidiaries | 2020 BrandCo Term Loan Facility due 2025

Revlon Consumer Products Corporation | Reportable Legal Entities | Non-Guarantor Subsidiaries | 5.75% Senior Notes due 2021

0.0

Revlon Consumer Products Corporation | Reportable Legal Entities | Non-Guarantor Subsidiaries | Amended 2016 Revolving Credit Facility due 2021

0.0

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

0.0

Revlon Consumer Products Corporation | Reportable Legal Entities | Non-Guarantor Subsidiaries | 2019 Term Loan Facility due 2023

0.0

Revlon Consumer Products Corporation | Reportable Legal Entities | Non-Guarantor Subsidiaries | 2018 Foreign Asset-Based Term Facility due 2021

0.0

Revlon Consumer Products Corporation | Reportable Legal Entities | Non-Guarantor Subsidiaries | 2016 Term Loan Facility

0.0

Revlon Consumer Products Corporation | Eliminations

0.0

Net cash (used in) provided by operating activities

0.0

0.0

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

0.0

Tax withholdings related to net share settlements of restricted stock and RSUs

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 (decrease) 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

Revlon Consumer Products Corporation | Eliminations | 2020 BrandCo Term Loan Facility due 2025

Revlon Consumer Products Corporation | Eliminations | 5.75% Senior Notes due 2021

0.0

Revlon Consumer Products Corporation | Eliminations | Amended 2016 Revolving Credit Facility due 2021

0.0

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

0.0

Revlon Consumer Products Corporation | Eliminations | 2019 Term Loan Facility due 2023

0.0

Revlon Consumer Products Corporation | Eliminations | 2018 Foreign Asset-Based Term Facility due 2021

0.0

Revlon Consumer Products Corporation | Eliminations | 2016 Term Loan Facility

0.0