0000887921-22-000021 | 10-Q | XBRL Viewer

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2022

Components of Accrued Expenses and Other Current Liabilities

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


	September 30,		December 31,
	2022		2021
Advertising, marketing and promotional costs	$	93.4	$	113.3
Sales returns and allowances	70.2		92.3
Taxes	55.4		52.8
Compensation and related benefits	61.7		33.7
Professional services and insurance	45.5		28.5
Interest	8.3		31.3
Freight and distribution costs	15.6		18.4
Short-term lease liability	4.6		12.9
Restructuring reserve	0.6		2.7
Software	0.7		2.2
Other (a)	36.1		43.9
Total	$	392.1	$	432.0

(a) Accrued Other for Products Corporation as of September 30, 2022 and December 31, 2021 were $36.4 million and $44.0 million, respectively.

FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

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

As of September 30, 2022, the fair value and carrying value of the Company’s debt are categorized in the table below:


	September 30, 2022
	Fair Value
	Level 1		Level 2		Level 3		Total		Carrying Value
Liabilities:
Long-term debt, including current portion	$	—	$	762.8	$	—	$	762.8	$	747.0
Debt subject to compromise	—		1,999.3		—		1,999.3		3,277.3

As of December 31, 2021, the fair value and carrying value of the Company’s debt are categorized in the table below:


	December 31, 2021
	Fair Value
	Level 1		Level 2		Level 3		Total		Carrying Value
Liabilities:
Long-term debt, including current portion(a)	$	—	$	2,864.0	$	—	$	2,864.0	$	3,442.7

(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.

SEGMENT DATA AND RELATED INFORMATION (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

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.




	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Segment Net Sales:
Revlon	$	176.6	$	173.0	$	544.9	$	521.8
Elizabeth Arden	120.7		122.8		347.7		359.7
Portfolio	83.0		112.7		268.4		307.4
Fragrances	88.1		112.6		229.6		274.6
Total	$	468.4	$	521.1	$	1,390.6	$	1,463.5

Segment Profit:
Revlon	$	13.8	$	16.1	$	62.1	$	45.3
Elizabeth Arden	16.0		21.3		39.9		42.1
Portfolio	3.5		22.1		25.7		46.3
Fragrances	17.0		22.9		32.8		50.8
Total	$	50.3	$	82.4	$	160.5	$	184.5

Reconciliation:
Total Segment Profit	$	50.3	$	82.4	$	160.5	$	184.5
Less:

Depreciation and amortization	26.3		31.2		80.7		96.8
Non-cash stock compensation expense	7.2		3.9		15.3		10.4
Non-Operating items:
Restructuring and related charges	3.5		10.8		28.5		28.0
Acquisition, integration and divestiture costs	0.2		0.6		0.7		1.8
Gain on divested assets	—		0.1		—		(1.7)
Financial control remediation and sustainability actions and related charges	—		—		—		0.4

COVID-19 charges	—		(0.1)		—		6.1


Capital structure and related charges	0.2		1.8		3.9		6.8
Impairment charges	—		—		24.3		—



Operating income (loss)	12.9		34.1		7.1		35.9
Less:
Interest Expense	56.2		63.1		175.8		183.9

Amortization of debt issuance costs	—		8.7		20.9		30.7


Foreign currency losses (gains), net	19.4		9.9		41.4		11.5
Miscellaneous, net	2.3		0.1		9.0		2.8
Reorganization items, net	85.0		—		243.3		$	—
Loss from operations before income taxes	$	(150.0)	$	(47.7)	$	(483.3)	$	(193.0)

Products Corporation



	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Segment Net Sales:
Revlon	$	176.6	$	173.0	$	544.9	$	521.8
Elizabeth Arden	120.7		122.8		347.7		359.7
Portfolio	83.0		112.7		268.4		307.4
Fragrances	88.1		112.6		229.6		274.6
Total	$	468.4	$	521.1	$	1,390.6	$	1,463.5

Segment Profit:
Revlon	$	14.6	$	16.6	$	64.5	$	46.8
Elizabeth Arden	16.6		21.7		41.5		43.1
Portfolio	3.9		22.5		26.9		47.3
Fragrances	17.3		23.2		33.8		51.6
Total	$	52.4	$	84.0	$	166.7	$	188.8

Reconciliation:
Total Segment Profit	$	52.4	$	84.0	$	166.7	$	188.8
Less:

Depreciation and amortization	26.3		31.2		80.7		96.8
Non-cash stock compensation expense	7.2		3.9		15.3		10.4
Non-Operating items:
Restructuring and related charges	3.5		10.8		28.5		28.0
Acquisition, integration and divestiture costs	0.2		0.6		0.7		1.8
Gain on divested assets	—		0.1		—		(1.7)
Financial control remediation and sustainability actions and related charges	—		—		—		0.4



COVID-19 charges	—		(0.1)		—		6.1
Capital structure and related charges	0.2		1.8		3.9		6.8
Impairment charge	—		—		24.3		—

Operating income (loss)	15.0		35.7		13.3		40.2
Less:
Interest Expense	56.2		63.1		175.8		183.9

Amortization of debt issuance costs	—		8.7		20.9		30.7


Foreign currency losses (gains), net	19.4		9.9		41.4		11.5
Miscellaneous, net	4.3		0.1		14.4		2.8
Reorganization items, net	85.0		—		243.3		—
Loss from operations before income taxes	$	(149.9)	$	(46.1)	$	(482.5)	$	(188.7)

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

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


	Three Months Ended September 30, 2022										Nine Months Ended September 30, 2022
	Revlon		Elizabeth Arden		Portfolio		Fragrances		Total		Revlon		Elizabeth Arden		Portfolio		Fragrances		Total
Geographic Area:
Net Sales
North America	$	90.9	$	24.1	$	51.0	$	58.3	$	224.3	$	293.5	$	64.5	$	169.7	$	141.9	$	669.6
EMEA*	39.8		30.5		24.2		18.4		112.9		126.3		91.8		74.9		56.5		349.5
Asia	10.2		58.6		0.3		4.5		73.6		27.8		173.7		1.8		15.2		218.5
Latin America*	18.4		2.2		4.4		3.6		28.6		46.7		4.7		12.3		8.3		72.0
Pacific*	17.3		5.3		3.1		3.3		29.0		50.6		13.0		9.7		7.7		81.0
	$	176.6	$	120.7	$	83.0	$	88.1	$	468.4	$	544.9	$	347.7	$	268.4	$	229.6	$	1,390.6


	Three Months Ended September 30, 2021										Nine Months Ended September 30, 2021
	Revlon		Elizabeth Arden		Portfolio		Fragrances		Total		Revlon		Elizabeth Arden		Portfolio		Fragrances		Total
Geographic Area:
Net Sales
North America	$	88.4	$	32.3	$	75.2	$	81.5	$	277.4	$	270.9	$	80.9	$	201.9	$	193.8	$	747.5
EMEA*	43.8		30.4		28.7		20.5		123.4		125.4		85.9		80.6		54.0		345.9
Asia	9.1		52.0		0.4		3.5		65.0		31.7		171.8		2.3		10.4		216.2
Latin America*	14.2		2.5		4.8		3.4		24.9		40.7		5.8		12.2		7.9		66.6
Pacific*	17.5		5.6		3.6		3.7		30.4		53.1		15.3		10.4		8.5		87.3
	$	173.0	$	122.8	$	112.7	$	112.6	$	521.1	$	521.8	$	359.7	$	307.4	$	274.6	$	1,463.5

* 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:


	September 30, 2022			December 31, 2021
Long-lived assets, net:
United States	$	1,055.8	85%	$	1,134.3	84%
International	185.0		15%	215.8		16%
	$	1,240.8		$	1,350.1

Schedule of Net Sales by Classes of Similar Products



	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Classes of similar products:
Net sales:
Color cosmetics	$	123.0	26%	$	124.8	24%	$	383.2	28%	$	368.5	25%
Fragrance	141.2		30%	160.1		31%	357.6		26%	395.4		27%
Hair care	106.1		23%	124.2		24%	333.7		24%	351.6		24%
Beauty care	38.2		8%	45.6		9%	117.9		8%	124.8		9%
Skin care	59.9		13%	66.4		12%	198.2		14%	223.2		15%
	$	468.4		$	521.1		$	1,390.6		$	1,463.5

PENSION AND POST-RETIREMENT BENEFITS - Components of Net Periodic Benefit Costs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Net periodic benefit costs:
Total net periodic benefit costs	$ 1.3	$ 1.3	$ 3.7	$ 3.6	$ 4.8
Pension Plans
Net periodic benefit costs:
Service cost	0.3	0.4	0.9	1.1
Interest cost	2.9	2.3	8.6	6.9
Expected return on plan assets	(4.8)	(4.9)	(14.5)	(14.8)
Amortization of actuarial loss	2.7	3.3	8.3	9.9
Total net periodic benefit costs prior to allocation	1.1	1.1	3.3	3.1
Portion allocated to Revlon Holdings	0.0	0.0	0.0	(0.1)
Total net periodic benefit costs	1.1	1.1	3.3	3.0
Other Post-Retirement Benefit Plans
Net periodic benefit costs:
Service cost	0.0	0.0	0.0	0.0
Interest cost	0.1	0.0	0.2	0.1
Expected return on plan assets	0.0	0.0	0.0	0.0
Amortization of actuarial loss	0.1	0.2	0.2	0.5
Total net periodic benefit costs prior to allocation	0.2	0.2	0.4	0.6
Portion allocated to Revlon Holdings	0.0	0.0	0.0	0.0
Total net periodic benefit costs	$ 0.2	$ 0.2	$ 0.4	$ 0.6

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Goodwill by Segment

The following table presents the changes in goodwill by segment for the nine months ended September 30, 2022:



	Revlon		Portfolio		Elizabeth Arden		Fragrances		Total




Balance at January 1, 2022	$	265.0	$	87.8	$	89.3	$	120.7	$	562.8
Foreign currency translation adjustment	(0.7)		(0.3)		(0.2)		(0.4)		(1.6)


Balance at September 30, 2022	$	264.3	$	87.5	$	89.1	$	120.3	$	561.2

Cumulative goodwill impairment charges(a)									$	(166.2)

(a) Amount refers to cumulative impairment charges recognized in 2020 and prior years. No impairment charges were recorded during the nine months ended September 30, 2022.

Schedule of Impaired Intangible Assets

A summary of the impairment charge by segment is included in the following tables:








	Nine Months Ended September 30, 2022
	Revlon		Portfolio		Elizabeth Arden		Fragrances		Total
Finite-lived intangible assets	$	—	$	18.7	$	—	$	—	$	18.7
Indefinite-lived intangible assets	$	—	$	5.6	$	—	$	—	$	5.6
Total Intangibles Impairment	$	—	$	24.3	$	—	$	—	$	24.3

Summary of Finite-Lived Intangible Assets

The following tables present details of the Company's total intangible assets as of September 30, 2022 and December 31, 2021:


	September 30, 2022
	Carrying Amount		Accumulated Amortization		Impairment		Net Carrying Amount		Weighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses	$	267.2	$	(149.9)	$	(5.3)	$	112.0	11
Customer relationships	243.3		(131.1)		(10.9)		101.3		9
Patents and internally-developed intellectual property	24.3		(18.2)		(2.5)		3.6		5
Distribution rights	31.0		(10.5)		—		20.5		12
Other	1.3		(1.3)		—		—		0
Total finite-lived intangible assets	$	567.1	$	(311.0)	$	(18.7)	$	237.4
Indefinite-lived intangible assets:
Trade names (a)	$	103.6	N/A		$	(5.6)	$	98.0
Total indefinite-lived intangible assets	$	103.6	N/A		$	(5.6)	$	98.0
Total intangible assets	$	670.7	$	(311.0)	$	(24.3)	$	335.4
	December 31, 2021
	Carrying Amount		Accumulated Amortization		Impairment		Net Carrying Amount		Weighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses	$	270.8	$	(142.9)	$	—	$	127.9	12
Customer relationships	247.2		(122.7)		—		124.5		10
Patents and internally-developed intellectual property	23.8		(17.4)		—		6.4		5
Distribution rights	31.0		(9.2)		—		21.8		13
Other	1.3		(1.3)		—		—		0
Total finite-lived intangible assets	$	574.1	$	(293.5)	$	—	$	280.6
Indefinite-lived intangible assets:
Trade names (a)	$	111.6	N/A				$	111.6
Total indefinite-lived intangible assets	$	111.6	N/A		$	—	$	111.6
Total intangible assets	$	685.7	$	(293.5)	$	—	$	392.2

(a) Indefinite-lived trade names carrying amount includes accumulated impairment of $33.1 million from 2020.

Summary of Indefinite-Lived Intangible Assets

The following tables present details of the Company's total intangible assets as of September 30, 2022 and December 31, 2021:


	September 30, 2022
	Carrying Amount		Accumulated Amortization		Impairment		Net Carrying Amount		Weighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses	$	267.2	$	(149.9)	$	(5.3)	$	112.0	11
Customer relationships	243.3		(131.1)		(10.9)		101.3		9
Patents and internally-developed intellectual property	24.3		(18.2)		(2.5)		3.6		5
Distribution rights	31.0		(10.5)		—		20.5		12
Other	1.3		(1.3)		—		—		0
Total finite-lived intangible assets	$	567.1	$	(311.0)	$	(18.7)	$	237.4
Indefinite-lived intangible assets:
Trade names (a)	$	103.6	N/A		$	(5.6)	$	98.0
Total indefinite-lived intangible assets	$	103.6	N/A		$	(5.6)	$	98.0
Total intangible assets	$	670.7	$	(311.0)	$	(24.3)	$	335.4
	December 31, 2021
	Carrying Amount		Accumulated Amortization		Impairment		Net Carrying Amount		Weighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses	$	270.8	$	(142.9)	$	—	$	127.9	12
Customer relationships	247.2		(122.7)		—		124.5		10
Patents and internally-developed intellectual property	23.8		(17.4)		—		6.4		5
Distribution rights	31.0		(9.2)		—		21.8		13
Other	1.3		(1.3)		—		—		0
Total finite-lived intangible assets	$	574.1	$	(293.5)	$	—	$	280.6
Indefinite-lived intangible assets:
Trade names (a)	$	111.6	N/A				$	111.6
Total indefinite-lived intangible assets	$	111.6	N/A		$	—	$	111.6
Total intangible assets	$	685.7	$	(293.5)	$	—	$	392.2

(a) Indefinite-lived trade names carrying amount includes accumulated impairment of $33.1 million from 2020.

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1A
-URI https://asc.fasb.org/extlink&oid=121556970&loc=SL108378252-109267

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 55
-Paragraph 24
-URI https://asc.fasb.org/extlink&oid=122137925&loc=d3e14258-109268

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

+ Details

DEBT - Components of Long-term Debt (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total long-term debt, net of discounts and deferred finance charges	$ 747.0	$ 3,442.7
Debt subject to compromise	3,277.3	0.0
Total debt, prior to reclassification to Liabilities subject to compromise	4,024.3	3,442.7
Less current portion	(746.9)	(137.2)
Less amounts reclassified to Liabilities subject to compromise	(3,277.3)	0.0
Long-term debt	0.1	3,305.5
Short-term borrowings	$ 0.6	$ 0.7
Weighted-average interest rate (as a percent)	11.40%	11.40%
DIP Term Loan Facility due 2023
Debt Instrument [Line Items]
Total long-term debt, net of discounts and deferred finance charges	$ 575.0	$ 0.0
SISO DIP ABL Facility due 2023
Debt Instrument [Line Items]
Total long-term debt, net of discounts and deferred finance charges	130.0	0.0
Tranche A DIP ABL Facility due 2023
Debt Instrument [Line Items]
Total long-term debt, net of discounts and deferred finance charges	41.8	0.0
Spanish Government Loan due 2025
Debt Instrument [Line Items]
Total long-term debt, net of discounts and deferred finance charges	0.2	0.2
2021 Foreign Asset-Based Term Facility due 2024
Debt Instrument [Line Items]
Total long-term debt, net of discounts and deferred finance charges	0.0	71.2
Amended 2016 Revolving Credit Facility (Tranche A) due 2024
Debt Instrument [Line Items]
Total long-term debt, net of discounts and deferred finance charges		108.0
SISO Term Loan Facility due 2024
Debt Instrument [Line Items]
Total long-term debt, net of discounts and deferred finance charges		126.2
2020 ABL FILO Term Loans due 2023
Debt Instrument [Line Items]
Total long-term debt, net of discounts and deferred finance charges		50.0
Debt subject to compromise	50.0
Less amounts reclassified to Liabilities subject to compromise	(50.0)
2020 Troubled-debt-restructuring: future interest
Debt Instrument [Line Items]
Total long-term debt, net of discounts and deferred finance charges		42.6
Debt subject to compromise	36.0
Less amounts reclassified to Liabilities subject to compromise	(36.0)
2020 BrandCo Term Loan Facility due 2025
Debt Instrument [Line Items]
Total long-term debt, net of discounts and deferred finance charges		1,749.7
Debt subject to compromise	1,887.6
Less amounts reclassified to Liabilities subject to compromise	(1,887.6)
2016 Term Loan Facility: 2016 Term Loan due 2023 and 2025
Debt Instrument [Line Items]
Total long-term debt, net of discounts and deferred finance charges		867.9
Debt subject to compromise	872.4
Less amounts reclassified to Liabilities subject to compromise	$ (872.4)
6.25% Senior Notes due 2024
Debt Instrument [Line Items]
Stated interest rate (as a percent)	6.25%
Total long-term debt, net of discounts and deferred finance charges		$ 426.9
Debt subject to compromise	$ 431.3
Less amounts reclassified to Liabilities subject to compromise	$ (431.3)

SEGMENT DATA AND RELATED INFORMATION - Schedule of Net Sales by Classes of Similar Products (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue from External Customer [Line Items]
Net sales	$ 468.4	$ 521.1	$ 1,390.6	$ 1,463.5
Color cosmetics
Revenue from External Customer [Line Items]
Net sales	$ 123.0	$ 124.8	$ 383.2	$ 368.5
Percentage of net sales by classes of similar products	26.00%	24.00%	28.00%	25.00%
Fragrance
Revenue from External Customer [Line Items]
Net sales	$ 141.2	$ 160.1	$ 357.6	$ 395.4
Percentage of net sales by classes of similar products	30.00%	31.00%	26.00%	27.00%
Hair care
Revenue from External Customer [Line Items]
Net sales	$ 106.1	$ 124.2	$ 333.7	$ 351.6
Percentage of net sales by classes of similar products	23.00%	24.00%	24.00%	24.00%
Beauty care
Revenue from External Customer [Line Items]
Net sales	$ 38.2	$ 45.6	$ 117.9	$ 124.8
Percentage of net sales by classes of similar products	8.00%	9.00%	8.00%	9.00%
Skin care
Revenue from External Customer [Line Items]
Net sales	$ 59.9	$ 66.4	$ 198.2	$ 223.2
Percentage of net sales by classes of similar products	13.00%	12.00%	14.00%	15.00%

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI https://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

SEGMENT DATA AND RELATED INFORMATION - Schedule of Net Sales and Long-Lived Assets by Geographic Area (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 468.4	$ 521.1	$ 1,390.6	$ 1,463.5
Long-lived assets	1,240.8		1,240.8		$ 1,350.1
North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	224.3	277.4	669.6	747.5
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	112.9	123.4	349.5	345.9
Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	73.6	65.0	218.5	216.2
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	28.6	24.9	72.0	66.6
Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	29.0	30.4	81.0	87.3
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 1,055.8		$ 1,055.8		$ 1,134.3
Percentage of long lived assets by geographic location	85.00%		85.00%		84.00%
International
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 185.0		$ 185.0		$ 215.8
Percentage of long lived assets by geographic location	15.00%		15.00%		16.00%
Revlon
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 176.6	173.0	$ 544.9	521.8
Revlon \| North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	90.9	88.4	293.5	270.9
Revlon \| EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	39.8	43.8	126.3	125.4
Revlon \| Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	10.2	9.1	27.8	31.7
Revlon \| Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	18.4	14.2	46.7	40.7
Revlon \| Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	17.3	17.5	50.6	53.1
Elizabeth Arden
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	120.7	122.8	347.7	359.7
Elizabeth Arden \| North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	24.1	32.3	64.5	80.9
Elizabeth Arden \| EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	30.5	30.4	91.8	85.9
Elizabeth Arden \| Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	58.6	52.0	173.7	171.8
Elizabeth Arden \| Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	2.2	2.5	4.7	5.8
Elizabeth Arden \| Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	5.3	5.6	13.0	15.3
Portfolio
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	83.0	112.7	268.4	307.4
Portfolio \| North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	51.0	75.2	169.7	201.9
Portfolio \| EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	24.2	28.7	74.9	80.6
Portfolio \| Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	0.3	0.4	1.8	2.3
Portfolio \| Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	4.4	4.8	12.3	12.2
Portfolio \| Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	3.1	3.6	9.7	10.4
Fragrance
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	88.1	112.6	229.6	274.6
Fragrance \| North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	58.3	81.5	141.9	193.8
Fragrance \| EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	18.4	20.5	56.5	54.0
Fragrance \| Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	4.5	3.5	15.2	10.4
Fragrance \| Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	3.6	3.4	8.3	7.9
Fragrance \| Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 3.3	$ 3.7	$ 7.7	$ 8.5

STOCK COMPENSATION PLAN (Tables)

9 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

Restricted Stock Unit Activity

During the nine months ended September 30, 2022, 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, 2019 TIP and 2022 Incentive 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, 2021
2019 TIP RSUs (a)	74.6	$	13.16	n/a	$	—
LTIP RSUs:
2021	1,548.6	10.58		—	—
2020	253.9	14.96		377.7	14.96
2019	69.8	22.58		211.2	22.55
Total LTIP RSUs	1,872.3			588.9
Total LTIP and TIP RSUs Outstanding as of December 31, 2021	1,946.9			588.9
Granted
2022 Incentive Award	3,047.2	10.24		—	—






Vested
2019 TIP RSUs Vested (a) (b)	(33.7)	13.16		—	—
LTIP RSUs:
2021	(751.8)	10.59		—	—
2020	(122.8)	14.96		—	—
2019	(66.6)	22.55		(44.3)	22.55
Total LTIP RSUs Vested	(941.2)			(44.3)
Forfeited/Canceled
2019 TIP RSUs Forfeited/Canceled (a)	(5.0)	13.16		—	—
2022 Incentive Award	(483.3)	10.24		—	—
LTIP RSUs:

2021	(200.7)	10.59		—	—
2020	(30.6)	14.96		(76.0)	14.96
2019	(3.2)	22.55		(166.9)	22.55
Total LTIP RSUs Forfeited/Canceled	(234.5)			(242.9)
Outstanding as of September 30, 2022
2022 Incentive Award	2,563.9	10.24		—	—
2019 TIP RSUs	35.9	13.16		n/a	—
LTIP RSUs:

2021	596.1	10.57		—	—
2020	100.5	14.96		301.7	14.96
2019	—	—		—	—
Total LTIP RSUs	696.6			301.7
Total LTIP and TIP RSUs Outstanding as of September 30, 2022	3,296.4			301.7

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

(b) There have been no accelerated vestitures for the three and nine months ended September 30, 2022 in connection with the LTIP RSUs and the 2019 TIP RSUs.

ACCUMULATED OTHER COMPREHENSIVE LOSS

9 Months Ended

Sep. 30, 2022

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

ACCUMULATED OTHER COMPREHENSIVE LOSS

A roll-forward of the Company's accumulated other comprehensive loss as of September 30, 2022 is as follows:


	Foreign Currency Translation		Actuarial (Loss) Gain on Post-retirement Benefits		Other		Accumulated Other Comprehensive Loss







Balance at January 1, 2022	$	(25.8)	$	(208.6)	$	(0.3)	$	(234.7)
Foreign currency translation adjustment, net of tax (b)	(8.2)		—		—		(8.2)
Amortization of pension related costs, net of tax (a) (b)	—		8.6		—		8.6




Other comprehensive (loss) income	$	(8.2)	$	8.6	$	—	$	0.4
Balance at September 30, 2022	$	(34.0)	$	(200.0)	$	(0.3)	$	(234.3)

(a) Amounts represent the change in accumulated other comprehensive loss as a result of the amortization of actuarial losses (gains) arising during each year related to the Company’s pension and other post-retirement plans. See Note 10, "Pension and Post-retirement Benefits," for further information on the Company’s pension and other post-retirement plans.

(b) Amounts presented are net of tax expense of nil for each of the years ended September 30, 2022 and 2021, respectively.

INVENTORIES (Tables)

9 Months Ended

Sep. 30, 2022

Inventory Disclosure [Abstract]

Components of Inventories

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


	September 30,		December 31,
	2022		2021
Finished goods	299.1		$	277.0
Raw materials and supplies	145.4		125.3
Work-in-process	11.5		15.1
	$	456.0	$	417.4

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Trade receivables, allowance for doubtful accounts	$ 6.9	$ 9.0
Property, plant and equipment, accumulated depreciation	549.2	551.3
Intangible assets, accumulated amortization and impairment	$ 368.4	$ 326.4
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	900,000,000	900,000,000
Common stock, issued (in shares)	60,399,830	58,005,142
Treasury stock (in shares)	2,424,166	1,992,957

GOODWILL AND INTANGIBLE ASSETS, NET

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS, NET

Goodwill

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.

During the second quarter, as a result of the continued global supply chain disruptions resulting from the COVID-19 pandemic and other macroeconomic factors, the Company determined that indicators of potential impairment existed requiring the Company to perform an interim goodwill impairment analysis. These indicators included a deterioration in the general economic conditions, inflation, adverse developments in equity and credit markets, deterioration in some of the economic channels in which the Company operates, the recent trading values of the Company's capital stock and the corresponding decline in the Company’s market capitalization.

As a result, for the second quarter of 2022 the Company examined and performed quantitative interim goodwill impairment assessments for five of its reporting units, namely: (i) Revlon; (ii) Elizabeth Arden Skin and Color; (iii) Elizabeth Arden; (iv) Fragrances; and (v) Professional Portfolio. The Mass Portfolio reporting unit's goodwill was written down to nil during the first quarter of 2020. In performing these assessments, the Company used the simplified approach allowed under ASU No. 2017-04, "Simplifying the Test for Goodwill Impairment."

Based upon such assessments, the Company determined that it was more likely than not that the fair values of each of its reporting units exceeded their respective carrying amounts for the second quarter of 2022.

The aforementioned 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 12.0%, 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 value of the reporting units 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 assumptions related to overcoming supply chain disruptions resulting from the COVID-19 pandemic and other macroeconomic factors. 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 impairment charges in future reporting periods.

For the third quarter of 2022 interim assessment, the Company, in accordance with ASC 350, performed qualitative analyses for five of its reporting units, as described above. 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, 2022. Consequently, no impairment charges were recognized related to the carrying value of the Company's goodwill as a result of the third quarter of 2022 qualitative interim impairment assessment.

The following table presents the changes in goodwill by segment for the nine months ended September 30, 2022:



	Revlon		Portfolio		Elizabeth Arden		Fragrances		Total




Balance at January 1, 2022	$	265.0	$	87.8	$	89.3	$	120.7	$	562.8
Foreign currency translation adjustment	(0.7)		(0.3)		(0.2)		(0.4)		(1.6)


Balance at September 30, 2022	$	264.3	$	87.5	$	89.1	$	120.3	$	561.2

Cumulative goodwill impairment charges(a)									$	(166.2)

(a) Amount refers to cumulative impairment charges recognized in 2020 and prior years. No impairment charges were recorded during the nine months ended September 30, 2022.

Intangibles

In connection with the interim impairment assessment for the second quarter of 2022, the Company also reviewed indefinite-lived intangible assets, consisting of certain trade names, in accordance with ASC Topic 350.

As a result of the continued global supply chain disruptions resulting from the COVID-19 pandemic and other macroeconomic factors discussed above, and in conjunction with the Company's performance of its interim impairment testing of goodwill and indefinite-lived intangibles for the second quarter of 2022, the Company reviewed its finite-lived intangible assets for impairment, in accordance with ASC Topic 360. In performing such review, 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.

Based upon such assessment and as a result of the continuing effects of the COVID-19 pandemic on the Company and related macroeconomic factors, the Company recognized $5.6 million and $18.7 million of non-cash impairment charges related to certain indefinite-lived and finite-lived intangible assets, respectively, within the Company's Mass Portfolio reporting unit during the second quarter of 2022. The fair values of the Company's indefinite-lived intangible assets were determined based on the relief from royalty method. The recoverability of the Company's finite-lived intangible assets were determined based on the undiscounted cash flows method and fair value was determined based on the multi-period excess earnings method. 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 Company's Unaudited Consolidated Statement of Operations and Comprehensive Loss for the nine months ended September 30, 2022.

No impairment charges were recognized related to the carrying value of any of the Company's indefinite-lived and finite-lived intangible assets as a result of the third quarter of 2022 qualitative interim impairment assessment. Consequently, total non-cash impairment charges recorded on the Company's intangible assets were $24.3 million for the nine months ended September 30, 2022.

A summary of the impairment charge by segment is included in the following tables:








	Nine Months Ended September 30, 2022
	Revlon		Portfolio		Elizabeth Arden		Fragrances		Total
Finite-lived intangible assets	$	—	$	18.7	$	—	$	—	$	18.7
Indefinite-lived intangible assets	$	—	$	5.6	$	—	$	—	$	5.6
Total Intangibles Impairment	$	—	$	24.3	$	—	$	—	$	24.3

In connection with recognizing these intangible assets impairment charges for the three and nine months ended September 30, 2022, the Company recognized a tax benefit of approximately $0.2 million.

The following tables present details of the Company's total intangible assets as of September 30, 2022 and December 31, 2021:


	September 30, 2022
	Carrying Amount		Accumulated Amortization		Impairment		Net Carrying Amount		Weighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses	$	267.2	$	(149.9)	$	(5.3)	$	112.0	11
Customer relationships	243.3		(131.1)		(10.9)		101.3		9
Patents and internally-developed intellectual property	24.3		(18.2)		(2.5)		3.6		5
Distribution rights	31.0		(10.5)		—		20.5		12
Other	1.3		(1.3)		—		—		0
Total finite-lived intangible assets	$	567.1	$	(311.0)	$	(18.7)	$	237.4
Indefinite-lived intangible assets:
Trade names (a)	$	103.6	N/A		$	(5.6)	$	98.0
Total indefinite-lived intangible assets	$	103.6	N/A		$	(5.6)	$	98.0
Total intangible assets	$	670.7	$	(311.0)	$	(24.3)	$	335.4
	December 31, 2021
	Carrying Amount		Accumulated Amortization		Impairment		Net Carrying Amount		Weighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses	$	270.8	$	(142.9)	$	—	$	127.9	12
Customer relationships	247.2		(122.7)		—		124.5		10
Patents and internally-developed intellectual property	23.8		(17.4)		—		6.4		5
Distribution rights	31.0		(9.2)		—		21.8		13
Other	1.3		(1.3)		—		—		0
Total finite-lived intangible assets	$	574.1	$	(293.5)	$	—	$	280.6
Indefinite-lived intangible assets:
Trade names (a)	$	111.6	N/A				$	111.6
Total indefinite-lived intangible assets	$	111.6	N/A		$	—	$	111.6
Total intangible assets	$	685.7	$	(293.5)	$	—	$	392.2

(a) Indefinite-lived trade names carrying amount includes accumulated impairment of $33.1 million from 2020.

Amortization expense for finite-lived intangible assets was $7.6 million and $9.1 million for the three months ended September 30, 2022 and 2021, respectively and $24.0 million and $26.1 million for the nine months ended September 30, 2022 and 2021, respectively.

RELATED PARTY TRANSACTIONS (Details) - USD ($)		1 Months Ended	3 Months Ended	9 Months Ended		12 Months Ended
RELATED PARTY TRANSACTIONS (Details) - USD ($)	May 04, 2022	Oct. 31, 2013	Sep. 30, 2022	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2009	Jan. 31, 2007	Mar. 31, 2006
Related Party Transaction [Line Items]
Reimbursement Agreements termination notice period				90 days
Conversion ratio, outstanding principal amount per share of common stock issued (in dollars per share)							$ 5.21
Number of days demand registration may be postponed				30 days
6.25% Senior Notes due 2024
Related Party Transaction [Line Items]
Stated interest rate (as a percent)			6.25%	6.25%
Registration Rights Agreement \| 2003 Equity Rights Offering
Related Party Transaction [Line Items]
Equity right offering value		$ 50,000,000
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
Class A Common Stock
Related Party Transaction [Line Items]
Shares converted in Offering		3,125,000					9,336,905
Percentage ownership of outstanding common stock			85.10%	85.10%
MacAndrews & Forbes \| Reimbursements, D&O Insurance Program
Related Party Transaction [Line Items]
Payments to related party			$ 0	$ 0		$ 1,300,000
Payable to related party			0	0
MacAndrews & Forbes \| Reimbursements
Related Party Transaction [Line Items]
Related party income				100,000	$ 200,000
Receivable from related party			100,000	100,000		100,000
Majority Shareholder \| Related party expense, other advertising and coupon redemption
Related Party Transaction [Line Items]
Payments to related party				100,000	200,000
Payable to related party			100,000	100,000		500,000
Related party expenses				6,200,000	$ 8,700,000
Majority Shareholder \| Related party expense, coupon redemption services
Related Party Transaction [Line Items]
Payable to related party			$ 4,400,000	$ 4,400,000		$ 4,200,000
Mr. Beattie \| 2020 Consulting Agreement
Related Party Transaction [Line Items]
Annual consulting fee	$ 250,000

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements and related notes have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The unaudited Condensed Consolidated Financial Statements reflect all normal recurring adjustments which, in management’s opinion, are necessary for a fair statement of the Company's financial position, results of operations and stockholders' equity and cash flows for interim periods. Revlon reclassifies certain prior year amounts, as applicable, to conform to the current year presentation. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 (the “2021 Form 10-K”). Operating results for the interim periods are not necessarily indicative of the results that may be expected for the full year.
Use of Estimates	Use of Estimates The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Significant estimates made in the accompanying unaudited Condensed Consolidated Financial Statements include, but are not limited to, provisions for 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 which are based on full year assumptions and are included in the accompanying unaudited Condensed Consolidated Financial Statements in proportion with the estimated annual tax rates, the passage of time or estimated annual sales, as applicable. The Company's results of operations and financial position for the interim periods are not indicative of those to be expected for the full year.
Recently Issued Accounting Pronouncements	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 the London Interbank Offered Rate ("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 FASB voted to propose extending the sunset date under Topic 848 to December 31, 2024 for the shift from LIBOR when that rate and other rates expire. The FASB is expected to come to a decision later this year. The Company's debt arrangements have provisions in place for a replacement reference rate and the Company continues to assess 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 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. The Company made an initial assessment of the impact of the new credit loss model and does not expect a material impact as the majority of the receivables are short-term. The Company will continue to assess the impact that this guidance is expected to have on the Company’s results of operations, financial condition and/or financial statement disclosures.

RELATED PARTY TRANSACTIONS	9 Months Ended
RELATED PARTY TRANSACTIONS	Sep. 30, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS 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. During 2021, the Company made a payment of approximately $1.3 million in respect of its participation in the D&O Insurance Program. During the three and nine months ended September 30, 2022, the Company made no payment in respect of its participation in the D&O Insurance Program. As of September 30, 2022, the Company has no balance outstanding in respect of its participation in the D&O Insurance Program. The net activity related to services purchased under the Transfer and Reimbursement Agreements during the nine months ended September 30, 2022 and 2021 was less than $0.1 million income and $0.2 million income, respectively. As of September 30, 2022 and December 31, 2021, a receivable balance of $0.1 million, and a receivable balance of $0.1 million, from, MacAndrews & Forbes, respectively, was included in the Company's Unaudited 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. 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. As of September 30, 2022, MacAndrews & Forbes beneficially owned approximately 85.1% of Revlon's Class A Common Stock, which at such date was Revlon's only class of capital stock outstanding. As a result, MacAndrews & Forbes is able to elect Revlon’s entire Board of Directors and control the vote on all matters submitted to a vote of Revlon's stockholders. MacAndrews & Forbes is beneficially owned by Ronald O. Perelman. Mr. Perelman is Chairman of Revlon’s and Products Corporation's Board of Directors. Other Certain of Products Corporation’s debt obligations, including the DIP Facilities, the 2016 Credit Agreements and Products Corporation's 6.25% Senior Notes, have been, and may in the future be, supported by, among other things, guarantees from some or all of Products Corporation's subsidiaries (subject to certain limited exceptions) and, for the DIP Facilities and the 2016 Credit Agreements, guarantees from Revlon. The obligations under such guarantees (other than in respect of Products Corporation's 6.25% Senior Notes) are secured by, among other things, all of the capital stock of Products Corporation and substantially all of the assets of the applicable obligors (subject to certain limited exceptions). During the nine months ended September 30, 2022 and 2021, 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 $6.2 million and $8.7 million of coupon redemptions for the Company's retail customers for the nine months ended September 30, 2022 and 2021, respectively, for which the Company incurred fees of $0.1 million and $0.2 million for the nine months ended September 30, 2022 and 2021, respectively, and other similar advertising and coupon redemption, for which the Company had net payables aggregating to less than $0.1 million and $0.5 million as of September 30, 2022 and December 31, 2021. As of September 30, 2022 and December 31, 2021, payable balances of approximately $4.4 million and $4.2 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. On May 4, 2022, the Company and Mr. Beattie entered into Amendment No. 3 to his Amended and Restated Consulting Agreement, dated as of March 11, 2020 and amended from time to time, pursuant to which he agreed to continue to provide advisory services to the Company until April 1, 2023 (as amended through May 4, 2022, the "Beattie Consulting Agreement"). As compensation for Mr. Beattie’s advisory services, the Company agreed to grant him restricted stock units with an intended value of approximately $250,000, which would vest in installments during the period of his services. On June 12, 2022, Mr. Beattie and the Company entered into a mutual agreement to terminate the Beattie Consulting Agreement (the "Mutual Termination Letter"). Pursuant to the terms of the Mutual Termination Letter, the Beattie Consulting Agreement was terminated and all unvested restricted stock units of the Company granted to Mr. Beattie pursuant to the Beattie Consulting Agreement were forfeited as of the date thereof for no consideration. Following the Mutual Termination Letter, Mr. Beattie remains a member of the Board of Directors of Revlon, Inc., but he is no longer obligated to provide separate advisory services pursuant to, and will not receive further compensation under, the Beattie Consulting Agreement.

REORGANIZATION ITEMS, NET (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
REORGANIZATION ITEMS, NET (Details) - USD ($) $ in Millions	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Reorganizations [Abstract]
Write off of deferred financing costs and discount on debt subject to compromise	$ 0.0		$ 124.8
DIP facilities financing costs	2.0		16.8
Professional fees	81.6		96.0
Other	0.4		4.7
Gain on settlement of pre-petition accounts payable	(9.3)		(9.3)
Bankruptcy related employee compensation programs	10.3		10.3
Reorganization items, net	$ 85.0	$ 0.0	$ 243.3	$ 0.0

RESTRUCTURING CHARGES - Narrative (Details) - RGGA Program - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring costs recognized to date	$ 110.0	$ 101.9
Employee severance, other personnel benefits and other costs
Restructuring Cost and Reserve [Line Items]
Restructuring costs recognized to date	81.4	$ 76.6
Lease and other restructuring-related charges
Restructuring Cost and Reserve [Line Items]
Restructuring costs recognized to date	$ 28.6

CONSOLIDATED STATEMENTS OF CASH FLOWS - REVLON CONSUMER PRODUCTS CORPORATION AND SUBSIDIARIES (Parenthetical) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2022

Sep. 30, 2021

Dec. 31, 2021

Repayments on term loans

^[1]

$ 88.6

$ 186.7

Restricted cash

$ 3.8

3.8

18.4

$ 18.5

2021 Foreign Asset-Based Term Facility

Repayments on term loans

75.0

2020 BrandCo Term Loan Facility

Repayments on term loans

4.7

9.3

2020 Troubled-debt-restructuring: future interest

Repayments on term loans

0.0

6.6

11.6

2016 Term Loan Facility

Repayments on term loans

2.3

6.9

SISO Term Loan Facility

Repayments on term loans

100.0

2018 Foreign Asset-Based Term Facility

Repayments on term loans

58.9

Revlon Consumer Products Corporation

Repayments on term loans

^[2]

88.6

186.7

Restricted cash

$ 3.8

3.8

18.4

$ 18.5

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

Repayments on term loans

75.0

Revlon Consumer Products Corporation | 2020 BrandCo Term Loan Facility

Repayments on term loans

4.7

9.3

Revlon Consumer Products Corporation | 2020 Troubled-debt-restructuring: future interest

Repayments on term loans

6.6

11.6

Revlon Consumer Products Corporation | 2016 Term Loan Facility

Repayments on term loans

$ 2.3

6.9

Revlon Consumer Products Corporation | SISO Term Loan Facility

Repayments on term loans

100.0

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

Repayments on term loans

$ 58.9

[1]

Repayments on term loans for the nine months ended September 30, 2022 includes repayments of $75.0 million under the 2021 Foreign Asset Based Term Facility, $4.7 million under the 2020 BrandCo Term Loan Facility, $6.6 million for the 2020 Troubled-debt-restructuring future interest amortization, and $2.3 million under the 2016 Term Loan Facility. Repayments on term loans for the nine months ended September 30, 2021 includes repayments of $100.0 million under the 2021 SISO Term Loan facility, $58.9 million under the 2018 Foreign Asset-Based Term Facility, $11.6 million for the 2020 Troubled-debt-restructuring future interest amortization, $9.3 million under the 2020 BrandCo facilities and $6.9 million under the 2016 Term Loan Facility. See Note 8, "Debt" in the Company's 2021 Form 10-K for additional information on the Company's debt facilities.

[2]

Repayments on term loans for the nine months ended September 30, 2022 includes repayments of $75.0 million under the 2021 Foreign Asset Based Term Facility,$4.7 million under the 2020 BrandCo Term Loan Facility, $6.6 million for the 2020 Troubled-debt-restructuring future interest amortization, and $2.3 million under the 2016 Term Loan Facility. Repayments on term loans for the nine months ended September 30, 2021 includes repayments of $100.0 million under the 2021 SISO Term Loan facility, $58.9 million under the 2018 Foreign Asset-Based Term Facility, $11.6 million for the 2020 Troubled-debt-restructuring future interest amortization, $9.3 million under the 2020 BrandCo facilities and $6.9 million under the 2016 Term Loan Facility. See Note 8, "Debt" in the Company's 2021 Form 10-K for additional information on the Company's debt facilities.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Amortization of pension related costs, tax expense	$ 0.0	$ 0.0	$ 0.0	$ 0.0

CONSOLIDATED STATEMENTS OF CASH FLOWS - REVLON CONSUMER PRODUCTS CORPORATION AND SUBSIDIARIES - USD ($)

9 Months Ended

Sep. 30, 2022

Sep. 30, 2021

CASH FLOWS FROM OPERATING ACTIVITIES:

Net loss

$ (495,400,000)

$ (216,800,000)

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

Depreciation and amortization

80,700,000

96,800,000

Foreign currency losses from re-measurement

41,400,000

11,500,000

Amortization of debt discount

300,000

700,000

Stock-based compensation amortization

15,300,000

10,400,000

Impairment charges

24,300,000

(Benefit from) provision for deferred income taxes

(200,000)

3,900,000

Amortization of debt issuance costs

20,900,000

30,700,000

Gain on divested assets

(1,700,000)

Non-cash reorganization items, net

131,500,000

Pension and other post-retirement cost

3,700,000

3,600,000

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

19,000,000.0

14,100,000

Change in assets and liabilities:

Decrease (increase) in trade receivables

45,400,000

(44,400,000)

(Increase) in inventories

(55,400,000)

(8,100,000)

Decrease (increase) in prepaid expenses and other current assets

(85,900,000)

200,000

Increase (decrease) in accounts payable

(3,600,000)

56,100,000

Increase (decrease) in accrued expenses and other current liabilities

40,200,000

(25,200,000)

Decrease in deferred revenue

(2,000,000.0)

Pension and other post-retirement plan contributions

(4,400,000)

(20,500,000)

Purchases of permanent displays

(15,600,000)

(15,000,000.0)

Other, net

(11,200,000)

19,000,000.0

Net cash used in operating activities

(251,000,000.0)

(86,700,000)

CASH FLOWS FROM INVESTING ACTIVITIES:

Capital expenditures

(8,100,000)

(6,300,000)

Proceeds from the sale of certain assets

2,100,000

Net cash used in investing activities

(8,100,000)

(4,200,000)

CASH FLOWS FROM FINANCING ACTIVITIES:

Net decrease in short-term borrowings and overdraft

(600,000)

(12,500,000)

Borrowings on term loans

305,000,000.0

Repayments on term loans

^[1]

(88,600,000)

(186,700,000)

Net (repayments) borrowings under the revolving credit facilities

(600,000)

(2,700,000)

Borrowings on DIP Term Loan Facility

575,000,000.0

Repayments on Tranche A DIP ABL Facility

(67,200,000)

Payment of financing costs

(18,800,000)

(17,900,000)

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

(3,300,000)

(2,400,000)

Other financing activities

(200,000)

(300,000)

Net cash provided by (used in) financing activities

395,700,000

82,500,000

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

(7,300,000)

(2,400,000)

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

129,300,000

(10,800,000)

Cash, cash equivalents and restricted cash at beginning of period

^[2]

120,900,000

102,500,000

Cash, cash equivalents and restricted cash at end of period

^[3]

250,200,000

91,700,000

Cash paid during the period for:

Interest

159,100,000

186,400,000

Income taxes, net of refunds

7,100,000

7,300,000

Reorganization items, net

69,500,000

Supplemental schedule of non-cash investing and financing activities:

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

19,000,000.0

14,100,000

Revlon Consumer Products Corporation

CASH FLOWS FROM OPERATING ACTIVITIES:

Net loss

(494,600,000)

(212,600,000)

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

Depreciation and amortization

80,700,000

96,800,000

Foreign currency losses from re-measurement

41,400,000

11,500,000

Amortization of debt discount

300,000

700,000

Stock-based compensation amortization

15,300,000

10,400,000

Impairment charges

24,300,000

(Benefit from) provision for deferred income taxes

(200,000)

4,400,000

Amortization of debt issuance costs

20,900,000

30,700,000

Gain on divested assets

(1,700,000)

Non-cash reorganization items, net

131,500,000

Pension and other post-retirement cost

3,700,000

3,600,000

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

19,000,000.0

14,100,000

Change in assets and liabilities:

Decrease (increase) in trade receivables

45,400,000

(44,400,000)

(Increase) in inventories

(55,400,000)

(8,100,000)

Decrease (increase) in prepaid expenses and other current assets

(37,900,000)

(6,600,000)

Increase (decrease) in accounts payable

(3,600,000)

56,100,000

Increase (decrease) in accrued expenses and other current liabilities

27,700,000

(25,100,000)

Decrease in deferred revenue

(2,000,000.0)

Pension and other post-retirement plan contributions

(4,400,000)

(20,500,000)

Purchases of permanent displays

(15,600,000)

(15,000,000.0)

Other, net

(47,500,000)

21,000,000.0

Net cash used in operating activities

(251,000,000.0)

(86,700,000)

CASH FLOWS FROM INVESTING ACTIVITIES:

Capital expenditures

(8,100,000)

(6,300,000)

Proceeds from the sale of certain assets

2,100,000

Net cash used in investing activities

(8,100,000)

(4,200,000)

CASH FLOWS FROM FINANCING ACTIVITIES:

Net decrease in short-term borrowings and overdraft

(600,000)

(12,500,000)

Borrowings on term loans

305,000,000.0

Repayments on term loans

^[4]

(88,600,000)

(186,700,000)

Net (repayments) borrowings under the revolving credit facilities

(600,000)

(2,700,000)

Borrowings on DIP Term Loan Facility

575,000,000.0

Repayments on Tranche A DIP ABL Facility

(67,200,000)

Payment of financing costs

(18,800,000)

(17,900,000)

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

(3,300,000)

(2,400,000)

Other financing activities

(200,000)

(300,000)

Net cash provided by (used in) financing activities

395,700,000

82,500,000

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

(7,300,000)

(2,400,000)

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

129,300,000

(10,800,000)

Cash, cash equivalents and restricted cash at beginning of period

^[5]

120,900,000

102,500,000

Cash, cash equivalents and restricted cash at end of period

^[6]

250,200,000

91,700,000

Cash paid during the period for:

Interest

159,100,000

186,400,000

Income taxes, net of refunds

7,100,000

7,300,000

Reorganization items, net

69,500,000

Supplemental schedule of non-cash investing and financing activities:

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

$ 19,000,000.0

$ 14,100,000

[1]	Repayments on term loans for the nine months ended September 30, 2022 includes repayments of $75.0 million under the 2021 Foreign Asset Based Term Facility, $4.7 million under the 2020 BrandCo Term Loan Facility, $6.6 million for the 2020 Troubled-debt-restructuring future interest amortization, and $2.3 million under the 2016 Term Loan Facility. Repayments on term loans for the nine months ended September 30, 2021 includes repayments of $100.0 million under the 2021 SISO Term Loan facility, $58.9 million under the 2018 Foreign Asset-Based Term Facility, $11.6 million for the 2020 Troubled-debt-restructuring future interest amortization, $9.3 million under the 2020 BrandCo facilities and $6.9 million under the 2016 Term Loan Facility. See Note 8, "Debt" in the Company's 2021 Form 10-K for additional information on the Company's debt facilities.
[2]	This amount includes restricted cash of $18.5 million as of December 31, 2021. The balance as of December 31, 2021 represents: (i) cash on deposit in lieu of a mandatory prepayment and loan proceeds held in escrow until certain collateral perfection requirements are satisfied under the 2021 Foreign Asset-Based Term Agreement; and (ii) cash on deposit to support outstanding undrawn letters of credit.
[3]	These amounts include restricted cash of $3.8 million and $18.4 million as of September 30, 2022 and 2021, respectively. The balance as of September 30, 2022 primarily represents: cash on security deposit. The balance as of September 30, 2021 represents: (i) cash on deposit in lieu of a mandatory prepayment and loan proceeds held in escrow until certain collateral perfection requirements were satisfied under the 2021 Foreign Asset-Based Term Agreement; and (ii) cash on deposit to support surety bonds. These balances were included within prepaid expenses and other current assets and other assets in the Company's Consolidated Balance Sheets as of September 30, 2022 and September 30, 2021, respectively.
[4]	Repayments on term loans for the nine months ended September 30, 2022 includes repayments of $75.0 million under the 2021 Foreign Asset Based Term Facility,$4.7 million under the 2020 BrandCo Term Loan Facility, $6.6 million for the 2020 Troubled-debt-restructuring future interest amortization, and $2.3 million under the 2016 Term Loan Facility. Repayments on term loans for the nine months ended September 30, 2021 includes repayments of $100.0 million under the 2021 SISO Term Loan facility, $58.9 million under the 2018 Foreign Asset-Based Term Facility, $11.6 million for the 2020 Troubled-debt-restructuring future interest amortization, $9.3 million under the 2020 BrandCo facilities and $6.9 million under the 2016 Term Loan Facility. See Note 8, "Debt" in the Company's 2021 Form 10-K for additional information on the Company's debt facilities.
[5]	This amount includes restricted cash of $18.5 million as of December 31, 2021. The balance as of December 31, 2021 represents: (i) cash on deposit in lieu of a mandatory prepayment and loan proceeds held in escrow until certain collateral perfection requirements are satisfied under the 2021 Foreign Asset-Based Term Agreement; and (ii) cash on deposit to support outstanding undrawn letters of credit.
[6]	These amounts include restricted cash of $3.8 million and $18.4 million as of September 30, 2022 and 2021, respectively. The balance as of September 30, 2022 primarily represents: cash on security deposit. The balance as of September 30, 2021 represents: (i) cash on deposit in lieu of a mandatory prepayment and loan proceeds held in escrow until certain collateral perfection requirements were satisfied under the 2021 Foreign Asset-Based Term Agreement; and (ii) cash on deposit to support surety bonds. These balances were included within prepaid expenses and other current assets and other assets in the Company's Consolidated Balance Sheets as of September 30, 2022 and September 30, 2021, respectively.

STOCK COMPENSATION PLAN

9 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

STOCK COMPENSATION PLAN

Revlon's amended Stock Plan 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. On June 2, 2022 Revlon’s stockholders approved an amendment to the Stock Plan to reserve an additional 2,000,000 shares and extend the term until August 2031. As a result, an aggregate of 10,565,000 shares were reserved for issuance as Awards under the Stock Plan, of which there remained approximately 3.0 million available for grant as of September 30, 2022.

2022 Incentive Program

During the first quarter of 2022, the Company granted approximately 3.0 million equity awards, net of forfeitures, (included approximately 0.4 million shares that were reserved for issuance upon approval of the Fifth Amended and Restated Revlon, Inc. Stock Plan), and during the second quarter of 2022, the Company granted approximately 80,000 equity awards under the 2022 Incentive Program. During the third quarter of 2022, the Company granted approximately nil equity awards under the 2022 Incentive Program. All awards granted under the 2022 Incentive Program are pursuant to the Stock Plan. The 2022 Incentive Program awards are 100% time-based and approximately 0.4 million vest at 100% in March 2023 and approximately 2.2 million, net of forfeitures, vests as follows: 50% in March 2023; 50% in March 2024. The awards are subject to continued employment through the respective vesting dates.

2019 Transaction Incentive Program

As of September 30, 2021, the Company granted approximately 121,900 TIP awards with both a cash component and RSU component, all pursuant to the Stock Plan. These TIP awards are 100% time-based and vests as follows: 50% in June 2022; 50% in June 2023. The awards are subject to continued employment through the respective vesting dates.

As of September 30, 2022, a total of approximately 36,000 time-based RSUs had been granted and are outstanding under the Revlon 2019 Transaction Incentive Program (the "2019 TIP").

The 2019 TIP also provided 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 RSUs and cash-based awards were eligible for vesting following a termination without cause or due to death or disability or if not assumed upon a change in control (the “Special Vesting Rules”). The total amount amortized for this Tier 1 cash-based awards since the program's inception and through September 30, 2022 is approximately $8.2 million, of which $0.2 million and $0.7 million were recorded during the three and nine months ended September 30, 2022, respectively. The amortization of such awards is recorded within "Acquisition, integration and divestiture costs" in the Company's Consolidated Statements of Operations and Comprehensive Loss.

Long-Term Incentive Program

During both the first and second quarter of 2022, the Company granted nil time-based RSU awards. During the first and second quarter of 2021, the Company granted approximately 1.5 million and 35,000 time-based RSU awards under the Stock Plan (the "2021 LTIP RSUs") to certain employees, respectively.

During the third quarter of 2022, the Company granted nil time-based RSU awards. During the third quarter of 2021, the Company granted approximately 15,000 time-based RSU awards under the Stock Plan (the "2021 LTIP RSUs") to certain employees.

The 2021 LTIP RSUs are 100% time-based and vests as follows: 50% in March 2022; 25% in March 2023; 25% in March 2024.

Time-Based LTIP and TIP RSUs

The Company recognized $7.2 million and $17.2 million of net compensation expense related to the time-based LTIP and TIP RSUs for the three and nine months ended September 30, 2022, respectively. As of September 30, 2022, the Company had $17.9 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 less than $0.1 million and $2.0 million of income, net of adjustments, to compensation expense related to the performance-based LTIP RSUs for the three and nine months ended September 30, 2022. As of September 30, 2022, the Company had $11.1 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.

Acceleration of Vesting

Under the aforementioned provisions for acceleration of vesting, as of September 30, 2022 and since the time these provisions became effective in September 2019, 57,763 LTIP RSUs and 47,743 2019 TIP Tier 1 RSUs were vested on an accelerated basis due to involuntary terminations, resulting in accelerated amortization of approximately $2.0 million. In addition, since the time these provisions became effective in September 2019 and through the nine months ended September 30, 2022 under the same accelerated vesting provisions, the Company also recorded approximately $1.8 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. No accelerated amortization was recorded for the three and nine months ended September 30, 2022 in connection with the LTIP RSUs, the 2019 TIP RSUs and the 2019 TIP cash portion. See the roll-forward table in the following sections of this Note 11 for activity related to the nine months ended September 30, 2022.


	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, 2021
2019 TIP RSUs (a)	74.6	$	13.16	n/a	$	—
LTIP RSUs:
2021	1,548.6	10.58		—	—
2020	253.9	14.96		377.7	14.96
2019	69.8	22.58		211.2	22.55
Total LTIP RSUs	1,872.3			588.9
Total LTIP and TIP RSUs Outstanding as of December 31, 2021	1,946.9			588.9
Granted
2022 Incentive Award	3,047.2	10.24		—	—






Vested
2019 TIP RSUs Vested (a) (b)	(33.7)	13.16		—	—
LTIP RSUs:
2021	(751.8)	10.59		—	—
2020	(122.8)	14.96		—	—
2019	(66.6)	22.55		(44.3)	22.55
Total LTIP RSUs Vested	(941.2)			(44.3)
Forfeited/Canceled
2019 TIP RSUs Forfeited/Canceled (a)	(5.0)	13.16		—	—
2022 Incentive Award	(483.3)	10.24		—	—
LTIP RSUs:

2021	(200.7)	10.59		—	—
2020	(30.6)	14.96		(76.0)	14.96
2019	(3.2)	22.55		(166.9)	22.55
Total LTIP RSUs Forfeited/Canceled	(234.5)			(242.9)
Outstanding as of September 30, 2022
2022 Incentive Award	2,563.9	10.24		—	—
2019 TIP RSUs	35.9	13.16		n/a	—
LTIP RSUs:

2021	596.1	10.57		—	—
2020	100.5	14.96		301.7	14.96
2019	—	—		—	—
Total LTIP RSUs	696.6			301.7
Total LTIP and TIP RSUs Outstanding as of September 30, 2022	3,296.4			301.7

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

(b) There have been no accelerated vestitures for the three and nine months ended September 30, 2022 in connection with the LTIP RSUs and the 2019 TIP RSUs.

CONDENSED CONSOLIDATION DEBTOR-IN-POSSESSION FINANCIAL INFORMATION - Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 246.4			$ 102.4
Trade receivables, allowance for doubtful accounts	6.9			9.0
Trade receivables (net of allowance for doubtful accounts of $0.7 and $2.3, respectively)	319.0			383.8
Inventories, net	456.0			417.4
Prepaid expenses and other assets	217.2			136.0
Total current assets	1,238.6			1,039.6
Property, plant and equipment, accumulated depreciation	549.2			551.3
Property, plant and equipment (net of accumulated depreciation of $433.2 and $426.0, respectively)	249.9			297.3
Deferred income taxes	41.2			42.8
Goodwill	561.2			562.8
Intangible assets, accumulated amortization and impairment	368.4			326.4
Intangible assets (net of accumulated amortization and impairment of $226.3 and $274.4, respectively)	335.4			392.2
Other assets	94.3			97.8
Total assets	2,520.6			2,432.5
Current liabilities:
Short-term borrowings	0.6			0.7
Current portion of long-term debt	746.9			137.2
Accounts payable	105.0			217.7
Accrued expenses and other current liabilities	392.1			432.0
Total current liabilities	1,244.6			787.6
Long-term debt	0.1			3,305.5
Long-term pension and other post-retirement plan liabilities	85.4			147.3
Other long-term liabilities	72.5			206.2
Liabilities subject to compromise	3,615.1			0.0
Stockholder’s (deficiency) equity	(2,497.1)	$ (2,348.2)	$ (2,078.6)	(2,014.1)	$ (2,066.3)	$ (2,020.0)	$ (1,958.7)	$ (1,862.0)
Total liabilities and stockholder’s (deficiency) equity	2,520.6			2,432.5
Debtors
Current assets:
Cash and cash equivalents	168.5			17.9
Trade receivables, allowance for doubtful accounts	0.7			2.3
Trade receivables (net of allowance for doubtful accounts of $0.7 and $2.3, respectively)	188.4			258.7
Trade receivables from non-debtor subsidiaries	453.8			400.4
Inventories, net	292.4			261.8
Prepaid expenses and other assets	171.4			74.5
Total current assets	1,274.5			1,013.3
Property, plant and equipment, accumulated depreciation	433.2			426.0
Property, plant and equipment (net of accumulated depreciation of $433.2 and $426.0, respectively)	185.2			219.4
Deferred income taxes	2.7			17.5
Goodwill	540.0			540.0
Intangible assets, accumulated amortization and impairment	226.3			274.4
Intangible assets (net of accumulated amortization and impairment of $226.3 and $274.4, respectively)	278.7			320.8
Investment in subsidiaries	877.7			874.5
Due from affiliates	254.8			249.8
Other assets	75.3			74.8
Total assets	3,488.9			3,310.1
Current liabilities:
Short-term borrowings	0.0			0.0
Current portion of long-term debt	746.8			137.1
Accounts payable	52.6			134.7
Accounts payable to non-debtors	7.9			234.5
Accrued expenses and other current liabilities	231.2			267.1
Total current liabilities	1,038.5			773.4
Long-term debt	0.0			3,234.2
Long-term pension and other post-retirement plan liabilities	79.8			141.3
Other long-term liabilities	7.8			337.9
Liabilities subject to compromise	4,098.4			0.0
Total liabilities	5,224.5			4,486.8
Stockholder’s (deficiency) equity	(1,735.6)			(1,176.7)
Total liabilities and stockholder’s (deficiency) equity	$ 3,488.9			$ 3,310.1

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

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

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

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


	Three months ended September 30,				Nine months ended September 30,
	2022		2021		2022		2021
Numerator:


Net loss	$	(152.8)	$	(53.1)	$	(495.4)	$	(216.8)
Denominator:
Weighted-average common shares outstanding – Basic	55,111,423		54,025,861		54,818,140		53,899,732
Effect of dilutive restricted stock and RSUs	—		—		—		—
Weighted-average common shares outstanding – Diluted	55,111,423		54,025,861		54,818,140		53,899,732
Basic and Diluted loss per common share:


Net loss per common share	$	(2.77)	$	(0.98)	$	(9.04)	$	(4.02)





Unvested restricted stock and RSUs under the Stock Plan(a)	73,756		759,994		1,557		581,856

(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.

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

9 Months Ended

Sep. 30, 2022

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 as of September 30, 2022 is as follows:


	Foreign Currency Translation		Actuarial (Loss) Gain on Post-retirement Benefits		Other		Accumulated Other Comprehensive Loss







Balance at January 1, 2022	$	(25.8)	$	(208.6)	$	(0.3)	$	(234.7)
Foreign currency translation adjustment, net of tax (b)	(8.2)		—		—		(8.2)
Amortization of pension related costs, net of tax (a) (b)	—		8.6		—		8.6




Other comprehensive (loss) income	$	(8.2)	$	8.6	$	—	$	0.4
Balance at September 30, 2022	$	(34.0)	$	(200.0)	$	(0.3)	$	(234.3)

(b) Amounts presented are net of tax expense of nil for each of the years ended September 30, 2022 and 2021, respectively.

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Financial assets required to be measured at fair value	$ 0.0	$ 0.0
Financial liabilities required to be measured at fair value	0.0	0.0
Liabilities:
Debt subject to compromise	3,277.3	0.0
Fair Value
Liabilities:
Long-term debt, including current portion	762.8	2,864.0
Debt subject to compromise	1,999.3
Carrying Value
Liabilities:
Long-term debt, including current portion	747.0	3,442.7
Debt subject to compromise	3,277.3
Level 1 \| Fair Value
Liabilities:
Long-term debt, including current portion	0.0	0.0
Debt subject to compromise	0.0
Level 2 \| Fair Value
Liabilities:
Long-term debt, including current portion	762.8	2,864.0
Debt subject to compromise	1,999.3
Level 3 \| Fair Value
Liabilities:
Long-term debt, including current portion	0.0	$ 0.0
Debt subject to compromise	$ 0.0

DEBT - Covenants (Details) $ in Millions	Sep. 30, 2022 USD ($)
6.25% Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as a percent)	6.25%
Revolving credit facility \| Tranche A DIP ABL Facility due 2023
Debt Instrument [Line Items]
Availability	$ 29.6
Revlon Consumer Products Corporation \| 6.25% Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as a percent)	6.25%
Revlon Consumer Products Corporation \| Revolving credit facility \| Tranche A DIP ABL Facility due 2023
Debt Instrument [Line Items]
Commitment	$ 270.0
Borrowing Base	71.4
Aggregate principal amount outstanding	41.8
Availability	29.6
Revlon Consumer Products Corporation \| Revolving credit facility \| SISO DIP ABL Facility due 2023
Debt Instrument [Line Items]
Commitment	130.0
Borrowing Base	130.0
Aggregate principal amount outstanding	130.0
Availability	0.0
Revlon Consumer Products Corporation \| Revolving credit facility \| 2020 ABL FILO Term Loans
Debt Instrument [Line Items]
Commitment	50.0
Borrowing Base	38.8
Aggregate principal amount outstanding	50.0
Availability	0.0
Reserve for shortfall of the borrowing base	$ 11.2

GOODWILL AND INTANGIBLE ASSETS, NET - Summary of Intangible Asset Impairment Charges by Segment (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Finite-lived intangible assets	$ 0.0	$ 18.7		$ 18.7		$ 0.0
Indefinite-lived intangible assets	0.0	$ 5.6		5.6		0.0	$ 33.1
Total Intangibles Impairment	$ 0.0		$ 0.0	24.3	$ 0.0	$ 0.0
Revlon
Segment Reporting Information [Line Items]
Finite-lived intangible assets				0.0
Indefinite-lived intangible assets				0.0
Total Intangibles Impairment				0.0
Portfolio
Segment Reporting Information [Line Items]
Finite-lived intangible assets				18.7
Indefinite-lived intangible assets				5.6
Total Intangibles Impairment				24.3
Elizabeth Arden
Segment Reporting Information [Line Items]
Finite-lived intangible assets				0.0
Indefinite-lived intangible assets				0.0
Total Intangibles Impairment				0.0
Fragrance
Segment Reporting Information [Line Items]
Finite-lived intangible assets				0.0
Indefinite-lived intangible assets				0.0
Total Intangibles Impairment				$ 0.0

PRODUCTS CORPORATION AND SUBSIDIARIES GUARANTOR FINANCIAL INFORMATION (Tables)

9 Months Ended

Sep. 30, 2022

Condensed Financial Information Disclosure [Abstract]

Condensed Consolidating Balance Sheets


Products Corporation and Subsidiaries Condensed Consolidating Balance Sheets
As of September 30, 2022
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated

ASSETS
Cash and cash equivalents	$	6.2	$	155.9	$	84.3	$	—	$	246.4
Trade receivables, less allowances for doubtful accounts	62.2		89.8		167.0		—		319.0
Inventories, net	158.3		129.4		168.3		—		456.0
Prepaid expenses and other	340.2		34.5		51.5		—		426.2
Intercompany receivables	3,425.7		5,266.9		821.2		(9,513.8)		—
Investment in subsidiaries	1,240.3		(165.9)		—		(1,074.4)		—
Property, plant and equipment, net	140.0		38.1		71.8		—		249.9
Deferred income taxes	—		2.5		47.4		—		49.9
Goodwill	404.8		35.2		121.2		—		561.2
Intangible assets, net	0.1		130.1		205.2		—		335.4
Other assets	61.6		9.2		151.6		(128.1)		94.3
Total assets	$	5,839.4	$	5,725.7	$	1,889.5	$	(10,716.3)	$	2,738.3
LIABILITIES AND STOCKHOLDER’S DEFICIENCY
Short-term borrowings	$	—	$	—	$	0.6	$	—	$	0.6
Current portion of long-term debt	746.8		—		0.1		—		746.9
Accounts payable	49.2		2.1		53.7		—		105.0
Accrued expenses and other	182.3		61.3		148.7		—		392.3
Intercompany payables	445.0		747.3		430.6		(1,622.9)		—
Long-term debt	—		—		0.1		—		0.1
Other long-term liabilities	68.1		79.4		23.0		—		170.5
Liabilities subject to compromise	6,708.9		4,422.2		540.4		(8,012.5)		3,659.0
Total liabilities	8,200.3		5,312.3		1,197.2		(9,635.4)		5,074.4
Stockholder’s (deficiency) equity	(2,360.9)		413.4		692.3		(1,080.9)		(2,336.1)
Total liabilities and stockholder’s (deficiency) equity	$	5,839.4	$	5,725.7	$	1,889.5	$	(10,716.3)	$	2,738.3


Products Corporation and Subsidiaries Condensed Consolidating Balance Sheets
As of December 31, 2021
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated

ASSETS
Cash and cash equivalents	$	4.0	$	2.1	$	96.3	$	—	$	102.4
Trade receivables, less allowances for doubtful accounts	114.6		102.4		166.8		—		383.8
Inventories, net	129.3		127.9		160.2		—		417.4
Prepaid expenses and other	222.8		5.7		68.3		—		296.8
Intercompany receivables	4,542.8		4,396.2		700.5		(9,639.5)		—
Investment in subsidiaries	1,055.5		(218.9)		—		(836.6)		—
Property, plant and equipment, net	157.6		59.9		79.8		—		297.3
Deferred income taxes	—		7.7		43.9		—		51.6
Goodwill	404.8		30.0		128.0		—		562.8
Intangible assets, net	20.3		170.3		201.6		—		392.2
Other assets	57.7		12.2		27.9		—		97.8
Total assets	$	6,709.4	$	4,695.5	$	1,673.3	$	(10,476.1)	$	2,602.1
LIABILITIES AND STOCKHOLDER’S DEFICIENCY
Short-term borrowings	$	—	$	—	$	0.7	$	—	$	0.7
Current portion of long-term debt	137.1		—		0.1		—		137.2
Accounts payable	89.8		42.1		85.8		—		217.7
Accrued expenses and other	161.9		84.9		185.3		—		432.1
Intercompany payables	4,737.2		4,045.5		856.5		(9,639.2)		—
Long-term debt	3,234.1		—		71.4		—		3,305.5
Other long-term liabilities	176.8		115.7		73.6		—		366.1

Total liabilities	8,536.9		4,288.2		1,273.4		(9,639.2)		4,459.3
Stockholder’s (deficiency) equity	(1,827.5)		407.3		399.9		(836.9)		(1,857.2)
Total liabilities and stockholder’s (deficiency) equity	$	6,709.4	$	4,695.5	$	1,673.3	$	(10,476.1)	$	2,602.1

Condensed Consolidating Statement of Operations and and Comprehensive (Loss) Income



Products Corporation and Subsidiaries Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income
Three Months Ended September 30, 2022
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net Sales	$	102.3	$	113.7	$	252.4	$	—	$	468.4
Cost of sales	48.6		58.7		100.2		—		207.5
Gross profit	53.7		55.0		152.2		—		260.9
Selling, general and administrative expenses	85.2		52.1		109.1		—		246.4
Acquisition and integration costs	0.2		—		—		—		0.2
Restructuring charges and other, net	(2.0)		0.2		1.1		—		(0.7)
Impairment charges	—		—		—		—		—
(Gain) loss on divested assets	—		—		—		—		—
Operating (loss) income	(29.7)		2.7		42.0		—		15.0
Other (income) expense:
Intercompany interest, net	(4.0)		(0.3)		4.3		—		—
Interest expense, net	56.2		—		—		—		56.2
Amortization of debt issuance costs	—		—		—		—		—

Foreign currency losses (gains), net	5.0		(0.2)		14.6		—		19.4
Miscellaneous, net	(10.3)		9.1		5.5		—		4.3
Reorganization items, net	86.6		(1.6)		—		—		85.0
Other expense (income), net	133.5		7.0		24.4		—		164.9
(Loss) income from continuing operations before income taxes	(163.2)		(4.3)		17.6		—		(149.9)
(Benefit from) provision for income taxes	—		0.1		2.7		—		2.8
(Loss) income from continuing operations, net of taxes	(163.2)		(4.4)		14.9		—		(152.7)

Equity in income (loss) of subsidiaries	16.3		(1.4)		—		(14.9)		—
Net (loss) income	$	(146.9)	$	(5.8)	$	14.9	$	(14.9)	$	(152.7)
Other comprehensive income (loss)	(3.3)		8.7		(9.6)		0.9		(3.3)
Total comprehensive (loss) income	$	(150.2)	$	2.9	$	5.3	$	(14.0)	$	(156.0)



Products Corporation and Subsidiaries Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income
Three Months Ended September 30, 2021
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net Sales	$	103.1	$	162.2	$	255.8	$	—	$	521.1
Cost of sales	56.7		72.4		92.1		—		221.2
Gross profit	46.4		89.8		163.7		—		299.9
Selling, general and administrative expenses	74.0		65.9		114.6		—		254.5
Acquisition and integration costs	0.6		—		—		—		0.6
Restructuring charges and other, net	6.7		0.3		2.0		—		9.0
Impairment charges	—		—		—		—		—
Gain on divested assets	0.1		—		—		—		0.1
Operating (loss) income	(35.0)		23.6		47.1		—		35.7
Other (income) expense:
Intercompany interest, net	(3.1)		0.7		2.4		—		—
Interest expense	58.7		—		4.4		—		63.1
Amortization of debt issuance costs	8.7		—		—		—		8.7

Foreign currency losses (gains), net	—		0.6		9.3		—		9.9
Miscellaneous, net	194.4		(115.1)		(79.2)		—		0.1

Other expense (income), net	258.7		(113.8)		(63.1)		—		81.8
(Loss) income from continuing operations before income taxes	(293.7)		137.4		110.2		—		(46.1)
(Benefit from) provision for income taxes	—		3.2		2.3		—		5.5
(Loss) income from continuing operations, net of taxes	(293.7)		134.2		107.9		—		(51.6)

Equity in income (loss) of subsidiaries	243.9		92.5		—		(336.4)		—
Net (loss) income	$	(49.8)	$	226.7	$	107.9	$	(336.4)	$	(51.6)
Other comprehensive income (loss)	2.9		3.9		(2.5)		(1.4)		2.9
Total comprehensive (loss) income	$	(46.9)	$	230.6	$	105.4	$	(337.8)	$	(48.7)



Products Corporation and Subsidiaries Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income
Nine Months Ended September 30, 2022
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net Sales	$	326.6	$	329.9	$	734.1	$	—	$	1,390.6
Cost of sales	160.2		156.7		278.9		—		595.8
Gross profit	166.4		173.2		455.2		—		794.8
Selling, general and administrative expenses	279.0		154.5		318.7		—		752.2
Acquisition, integration and divestiture costs	0.6		—		0.1		—		0.7
Restructuring charges and other, net	2.0		0.4		1.9		—		4.3
Impairment charges	18.3		1.5		4.5		—		24.3
(Gain) loss on divested assets	—		—		—		—		—
Operating (loss) income	(133.5)		16.8		130.0		—		13.3
Other (income) expense:
Intercompany interest, net	(6.7)		0.7		6.0		—		—
Interest expense	170.0		—		5.8		—		175.8
Amortization of debt issuance costs	20.9		—		—		—		20.9

Foreign currency losses, net	14.6		0.1		26.7		—		41.4
Miscellaneous, net	31.4		(14.2)		(2.8)		—		14.4
Reorganization items, net	240.6		2.7		—		—		243.3
Other expense (income), net	470.8		(10.7)		35.7		—		495.8
(Loss) income from operations before income taxes	(604.3)		27.5		94.3		—		(482.5)
Provision for (benefit from) for income taxes	—		5.0		7.1		—		12.1
(Loss) income from operations, net of taxes	(604.3)		22.5		87.2		—		(494.6)

Equity in income (loss) of subsidiaries	123.2		(8.9)		—		(114.3)		—
Net (loss) income	$	(481.1)	$	13.6	$	87.2	$	(114.3)	$	(494.6)
Other comprehensive (loss) income	0.4		29.6		(7.9)		(21.7)		0.4
Total comprehensive (loss) income	$	(480.7)	$	43.2	$	79.3	$	(136.0)	$	(494.2)


Products Corporation and Subsidiaries Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income
Nine Months Ended September 30, 2021
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net Sales	$	311.6	$	411.6	$	740.3	$	—	$	1,463.5
Cost of sales	155.4		182.8		270.5		—		608.7
Gross profit	156.2		228.8		469.8		—		854.8
Selling, general and administrative expenses	262.8		178.9		350.0		—		791.7
Acquisition, integration and divestiture costs	1.7		—		0.1		—		1.8
Restructuring charges and other, net	13.5		2.5		6.8		—		22.8
Impairment charges	—		—		—		—		—
Loss on divested assets	(1.7)		—		—		—		(1.7)
Operating (loss) income	(120.1)		47.4		112.9		—		40.2
Other (income) expenses:
Intercompany interest, net	(3.9)		1.9		2.0		—		—
Interest expense	178.4		—		5.5		—		183.9
Amortization of debt issuance costs	30.7		—		—		—		30.7

Foreign currency losses, net	(0.2)		(0.3)		12.0		—		11.5
Miscellaneous, net	231.1		(126.9)		(101.4)		—		2.8

Other expense (income), net	436.1		(125.3)		(81.9)		—		228.9
Loss from operations before income taxes	(556.2)		172.7		194.8		—		(188.7)
Provision for (benefit from) income taxes	—		4.6		19.3		—		23.9
(Loss) income from operations, net of taxes	(556.2)		168.1		175.5		—		(212.6)

Equity in (loss) income of subsidiaries	353.9		102.2		—		(456.1)		—
Net (loss) income	$	(202.3)	$	270.3	$	175.5	$	(456.1)	$	(212.6)
Other comprehensive (loss) income	4.5		8.1		—		(8.1)		4.5
Total comprehensive (loss) income	$	(197.8)	$	278.4	$	175.5	$	(464.2)	$	(208.1)

Condensed Consolidating Statements of Cash Flows


Products Corporation and Subsidiaries Condensed Consolidating Statements of Cash Flows
Nine Months Ended September 30, 2022
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash (used in) provided by operating activities	$	(449.6)	$	253.0	$	(54.4)	$	—	$	(251.0)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash (used in) provided by investing activities	(3.8)		(1.1)		(3.2)		—		(8.1)



CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in short-term borrowings and overdraft	—		(0.6)		—		—		(0.6)
Borrowings on term loans	—		—		—		—		—

Repayments on term loans	(13.6)		—		(75.0)		—		(88.6)
Net (repayments) borrowings under the revolving credit facilities	(0.6)		—		—		—		(0.6)


Borrowings on DIP Term Loan Facility	575.0								575.0
Repayments on Tranche A DIP ABL Facility	(67.2)								(67.2)
Payment of financing costs	(18.8)		—		—		—		(18.8)
Tax withholdings related to net share settlements of restricted stock and RSUs	(3.3)		—		—		—		(3.3)
Other financing activities	(0.1)		(0.1)		—		—		(0.2)
Net cash provided by (used in) financing activities	471.4		(0.7)		(75.0)		—		395.7
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(15.7)		(97.4)		105.8		—		(7.3)
Net increase (decrease) in cash, cash equivalents and restricted cash	2.3		153.8		(26.8)		—		129.3
Cash, cash equivalents and restricted cash at beginning of period	$	4.0	$	2.1	$	114.8	$	—	$	120.9
Cash, cash equivalents and restricted cash at end of period	$	6.3	$	155.9	$	88.0	$	—	$	250.2


Products Corporation and Subsidiaries Condensed Consolidating Statements of Cash Flows
Nine Months Ended September 30, 2021
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash (used in) provided by operating activities	$	(418.6)	$	57.7	$	274.2	$	—	$	(86.7)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash (used in) provided by investing activities	(1.9)		(0.8)		(1.5)		—		(4.2)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in short-term borrowings and overdraft	(4.5)		(5.6)		(2.4)		—		(12.5)
Borrowings on term loans	305.0		—		—		—		305.0
Repayments on Term Loans	(186.7)		—		—		—		(186.7)
Net (repayments) borrowings under the revolving credit facilities	(2.7)		—		—		—		(2.7)
Borrowings on DIP Term Loan Facility	—		—		—		—		—
Repayments on Tranche A DIP ABL Facility	—		—		—		—		—
Payments of financing costs	(17.9)		—		—		—		(17.9)
Tax withholdings related to net share settlements of restricted stock and RSUs	(2.4)		—		—		—		(2.4)
Other financing activities	(0.2)		(0.1)		—		—		(0.3)
Net cash provided by (used in) financing activities	90.6		(5.7)		(2.4)		—		82.5
Effect of exchange rate changes on cash, cash equivalents and restricted cash	349.5		(57.8)		(294.1)		—		(2.4)
Net increase (decrease) in cash, cash equivalents and restricted cash	19.6		(6.6)		(23.8)		—		(10.8)
Cash, cash equivalents and restricted cash at beginning of period	$	6.5	$	7.8	$	88.2	$	—	$	102.5
Cash, cash equivalents and restricted cash at end of period	$	26.1	$	1.2	$	64.4	$	—	$	91.7

LIABILITIES SUBJECT TO COMPROMISE (Tables)

9 Months Ended

Sep. 30, 2022

Reorganizations [Abstract]

Schedule of Liabilities Subject to Compromise

Liabilities subject to compromise at September 30, 2022 consisted of the following:


	September 30,
	2022
Accounts payable	$	89.6
Accrued expenses	141.9
Other liabilities	106.3
Debt subject to compromise	3,277.3

Total liabilities subject to compromise	$	3,615.1

Reorganization items incurred as a result of the Chapter 11 Cases are presented separately in the accompanying statements of operations for the three and nine months ended September 30, 2022 and were as follows:


	Three Months Ended		Nine Months Ended
	September 30, 2022		September 30, 2022
Write off of deferred financing costs and discount on debt subject to compromise	$	—	$	124.8
DIP facilities financing costs	2.0		16.8
Professional fees	81.6		96.0
Other	0.4		4.7
Gain on settlement of pre-petition accounts payable	(9.3)		(9.3)
Bankruptcy related employee compensation programs	$	10.3	$	10.3
Reorganization items, net	$	85.0	$	243.3

The financial statements below represent the condensed combined financial statements of the Debtors as of September 30, 2022 and December 31, 2021 and for the three and nine months ended September 30, 2022 and 2021.

REVLON, INC. AND SUBSIDIARIES

(DEBTOR-IN-POSSESSION)

CONSOLIDATED BALANCE SHEETS

(dollars in millions, except share and per share amounts)

(Unaudited)


	September 30, 2022		December 31, 2021

ASSETS
Current assets:
Cash and cash equivalents	$	168.5	$	17.9
Trade receivables (net of allowance for doubtful accounts of $0.7 and $2.3, respectively)	188.4		258.7
Trade receivables from non-debtor subsidiaries	453.8		400.4
Inventories, net	292.4		261.8
Prepaid expenses and other assets	171.4		74.5
Total current assets	1,274.5		1,013.3
Property, plant and equipment (net of accumulated depreciation of $433.2 and $426.0, respectively)	185.2		219.4
Deferred income taxes	2.7		17.5
Goodwill	540.0		540.0
Intangible assets (net of accumulated amortization and impairment of $226.3 and $274.4, respectively)	278.7		320.8
Investment in subsidiaries	877.7		874.5
Due from affiliates	254.8		249.8
Other assets	75.3		74.8
Total assets	$	3,488.9	$	3,310.1

LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Current liabilities:
Short-term borrowings	$	—	$	—
Current portion of long-term debt	746.8		137.1
Accounts payable	52.6		134.7
Accounts payable to non-debtors	7.9		234.5
Accrued expenses and other current liabilities	231.2		267.1
Total current liabilities	$	1,038.5	$	773.4
Long-term debt	—		3,234.2
Long-term pension and other post-retirement plan liabilities	79.8		141.3
Other long-term liabilities	7.8		337.9
Liabilities subject to compromise	4,098.4		—
Total liabilities	5,224.5		4,486.8
Stockholder’s (deficiency) equity	(1,735.6)		(1,176.7)
Total liabilities and stockholders’ deficiency	$	3,488.9	$	3,310.1

REVLON, INC. AND SUBSIDIARIES

(DEBTOR-IN-POSSESSION)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(dollars in millions, except share and per share amounts)

(Unaudited)


	Three Months Ended September 30,				Nine Months Ended September 30,

	2022		2021		2022		2021

Net sales	$	249.7	$	305.8	$	744.0	$	819.9
Cost of sales	122.1		144.2		355.7		376.2
Gross profit	127.6		161.6		388.3		443.7
Selling, general and administrative expenses	161.9		156.7		486.8		487.1
Acquisition, integration and divestiture costs	0.2		0.6		0.6		1.8
Restructuring charges and other, net	(1.7)		7.1		2.5		17.1
Impairment charges	—		—		20.5		—

Operating income (loss)	(32.8)		(2.8)		(122.1)		(62.3)
Other expenses:
Interest expense, net	51.4		56.3		163.5		176.4

Amortization of debt issuance costs	—		8.7		16.8		29.9

Foreign currency losses, net	5.1		1.9		14.5		(0.8)
Miscellaneous, net	2.4		(324.2)		9.7		(321.4)
Reorganization items, net	85.0		—		243.3		—
Equity in net loss of subsidiary	(30.8)		(34.1)		(53.9)		(47.3)
Other expenses	113.1		(291.4)		393.9		(163.2)
Loss from operations before income taxes	(145.9)		288.6		(516.0)		100.9
Provision for income taxes	0.9		7.6		13.8		9.7


Net loss	$	(146.8)	$	281.0	$	(529.8)	$	91.2
Other comprehensive income, net	4.1		4.5		4.4		4.1
Total comprehensive loss	$	(142.7)	$	285.5	$	(525.4)	$	95.3

REVLON, INC. AND SUBSIDIARIES

(DEBTOR-IN-POSSESSION)

CONSOLIDATED STATEMENTS OF CASH FLOWS

(dollars in millions)

(Unaudited)


	Nine Months Ended September 30,
	2022		2021
CASH FLOWS FROM OPERATING ACTIVITIES:


























Net cash used in operating activities	(310.9)		30.2
CASH FLOWS FROM INVESTING ACTIVITIES:




Net cash used in investing activities	(5.4)		(4.4)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in short-term borrowings and overdraft	(0.7)		(10.6)
Borrowings on term loans	—		230.0
Repayments on term loans	(13.6)		(127.8)


Net (repayments) borrowings under the revolving credit facilities	(0.6)		(2.7)
Borrowings on DIP Term Loan Facility	575.0		—
Repayments on Tranche A DIP ABL Facility	(67.2)		—





Payment of financing costs	(18.8)		(13.7)

Tax withholdings related to net share settlements of restricted stock and RSUs	(3.3)		(2.4)

Cash transfer to non-debtor affiliates	—		(97.5)
Other financing activities	(0.2)		(0.3)
Net cash provided by financing activities	470.6		(25.0)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(1.0)		(0.1)
Net increase in cash, cash equivalents and restricted cash	153.3		0.7
Cash, cash equivalents and restricted cash at beginning of period	17.9		10.8
Cash, cash equivalents and restricted cash at end of period (a)	$	171.2	$	11.5

(a)These amounts include restricted cash of $2.7 million and nil as of September 30, 2022 and 2021, respectively. The balance is included within prepaid expenses and other current assets and other assets in the Company's Consolidated Balance Sheets as of September 30, 2022.

RESTRUCTURING CHARGES - Restructuring Reserve (Details) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Total Restructuring Charges
Restructuring Reserve [Roll Forward]
Liability Balance at period start	$ 2.7
Expense, Net	4.3
Cash Utilized, Net	(6.4)
Liability Balance at period end	0.6
RGGA:
Restructuring Reserve [Roll Forward]
Expense, Net	8.1
RGGA: \| Total Restructuring Charges
Restructuring Reserve [Roll Forward]
Liability Balance at period start	1.9
Expense, Net	4.8
Cash Utilized, Net	(6.4)
Liability Balance at period end	0.3
RGGA: \| Employee severance and other personnel benefits
Restructuring Reserve [Roll Forward]
Liability Balance at period start	1.9
Expense, Net	0.9
Cash Utilized, Net	(2.5)
Liability Balance at period end	0.3
RGGA: \| Other
Restructuring Reserve [Roll Forward]
Liability Balance at period start	0.0
Expense, Net	3.9
Cash Utilized, Net	(3.9)
Liability Balance at period end	0.0
Other restructuring initiatives: \| Total Restructuring Charges
Restructuring Reserve [Roll Forward]
Liability Balance at period start	0.8
Expense, Net	(0.5)
Cash Utilized, Net	0.0
Liability Balance at period end	0.3
Other restructuring initiatives: \| Employee severance and other personnel benefits
Restructuring Reserve [Roll Forward]
Liability Balance at period start	0.8
Expense, Net	(0.5)
Cash Utilized, Net	0.0
Liability Balance at period end	$ 0.3

REORGANIZATION ITEMS, NET

9 Months Ended

Sep. 30, 2022

Reorganizations [Abstract]

REORGANIZATION ITEMS, NET

LIABILITIES SUBJECT TO COMPROMISE

As discussed in Note 1. "Description of Business and Summary of Significant Accounting Policies", since the Petition Date, the Company has been operating as debtors in possession under the jurisdiction of the Bankruptcy Court and in accordance with provisions of the Bankruptcy Code. On the accompanying Consolidated Balance Sheets, the caption “Liabilities subject to compromise” reflects the expected allowed amount of the pre-petition claims that are not fully secured and that have at least a possibility of not being repaid at the full claim amount. Liabilities subject to compromise at September 30, 2022 consisted of the following:


	September 30,
	2022
Accounts payable	$	89.6
Accrued expenses	141.9
Other liabilities	106.3
Debt subject to compromise	3,277.3

Total liabilities subject to compromise	$	3,615.1

The Company will continue to evaluate the amount and classification of its pre-petition liabilities. Any additional liabilities that are subject to compromise will be recognized accordingly, and the aggregate amount of liabilities subject to compromise may change.

REORGANIZATION ITEMS, NET


	Three Months Ended		Nine Months Ended
	September 30, 2022		September 30, 2022
Write off of deferred financing costs and discount on debt subject to compromise	$	—	$	124.8
DIP facilities financing costs	2.0		16.8
Professional fees	81.6		96.0
Other	0.4		4.7
Gain on settlement of pre-petition accounts payable	(9.3)		(9.3)
Bankruptcy related employee compensation programs	$	10.3	$	10.3
Reorganization items, net	$	85.0	$	243.3

CONDENSED CONSOLIDATION DEBTOR-IN-POSSESSION FINANCIAL INFORMATION

REVLON, INC. AND SUBSIDIARIES

(DEBTOR-IN-POSSESSION)

CONSOLIDATED BALANCE SHEETS

(dollars in millions, except share and per share amounts)

(Unaudited)


	September 30, 2022		December 31, 2021

ASSETS
Current assets:
Cash and cash equivalents	$	168.5	$	17.9
Trade receivables (net of allowance for doubtful accounts of $0.7 and $2.3, respectively)	188.4		258.7
Trade receivables from non-debtor subsidiaries	453.8		400.4
Inventories, net	292.4		261.8
Prepaid expenses and other assets	171.4		74.5
Total current assets	1,274.5		1,013.3
Property, plant and equipment (net of accumulated depreciation of $433.2 and $426.0, respectively)	185.2		219.4
Deferred income taxes	2.7		17.5
Goodwill	540.0		540.0
Intangible assets (net of accumulated amortization and impairment of $226.3 and $274.4, respectively)	278.7		320.8
Investment in subsidiaries	877.7		874.5
Due from affiliates	254.8		249.8
Other assets	75.3		74.8
Total assets	$	3,488.9	$	3,310.1

LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Current liabilities:
Short-term borrowings	$	—	$	—
Current portion of long-term debt	746.8		137.1
Accounts payable	52.6		134.7
Accounts payable to non-debtors	7.9		234.5
Accrued expenses and other current liabilities	231.2		267.1
Total current liabilities	$	1,038.5	$	773.4
Long-term debt	—		3,234.2
Long-term pension and other post-retirement plan liabilities	79.8		141.3
Other long-term liabilities	7.8		337.9
Liabilities subject to compromise	4,098.4		—
Total liabilities	5,224.5		4,486.8
Stockholder’s (deficiency) equity	(1,735.6)		(1,176.7)
Total liabilities and stockholders’ deficiency	$	3,488.9	$	3,310.1

REVLON, INC. AND SUBSIDIARIES

(DEBTOR-IN-POSSESSION)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(dollars in millions, except share and per share amounts)

(Unaudited)


	Three Months Ended September 30,				Nine Months Ended September 30,

	2022		2021		2022		2021

Net sales	$	249.7	$	305.8	$	744.0	$	819.9
Cost of sales	122.1		144.2		355.7		376.2
Gross profit	127.6		161.6		388.3		443.7
Selling, general and administrative expenses	161.9		156.7		486.8		487.1
Acquisition, integration and divestiture costs	0.2		0.6		0.6		1.8
Restructuring charges and other, net	(1.7)		7.1		2.5		17.1
Impairment charges	—		—		20.5		—

Operating income (loss)	(32.8)		(2.8)		(122.1)		(62.3)
Other expenses:
Interest expense, net	51.4		56.3		163.5		176.4

Amortization of debt issuance costs	—		8.7		16.8		29.9

Foreign currency losses, net	5.1		1.9		14.5		(0.8)
Miscellaneous, net	2.4		(324.2)		9.7		(321.4)
Reorganization items, net	85.0		—		243.3		—
Equity in net loss of subsidiary	(30.8)		(34.1)		(53.9)		(47.3)
Other expenses	113.1		(291.4)		393.9		(163.2)
Loss from operations before income taxes	(145.9)		288.6		(516.0)		100.9
Provision for income taxes	0.9		7.6		13.8		9.7


Net loss	$	(146.8)	$	281.0	$	(529.8)	$	91.2
Other comprehensive income, net	4.1		4.5		4.4		4.1
Total comprehensive loss	$	(142.7)	$	285.5	$	(525.4)	$	95.3

REVLON, INC. AND SUBSIDIARIES

(DEBTOR-IN-POSSESSION)

CONSOLIDATED STATEMENTS OF CASH FLOWS

(dollars in millions)

(Unaudited)


	Nine Months Ended September 30,
	2022		2021
CASH FLOWS FROM OPERATING ACTIVITIES:


























Net cash used in operating activities	(310.9)		30.2
CASH FLOWS FROM INVESTING ACTIVITIES:




Net cash used in investing activities	(5.4)		(4.4)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in short-term borrowings and overdraft	(0.7)		(10.6)
Borrowings on term loans	—		230.0
Repayments on term loans	(13.6)		(127.8)


Net (repayments) borrowings under the revolving credit facilities	(0.6)		(2.7)
Borrowings on DIP Term Loan Facility	575.0		—
Repayments on Tranche A DIP ABL Facility	(67.2)		—





Payment of financing costs	(18.8)		(13.7)

Tax withholdings related to net share settlements of restricted stock and RSUs	(3.3)		(2.4)

Cash transfer to non-debtor affiliates	—		(97.5)
Other financing activities	(0.2)		(0.3)
Net cash provided by financing activities	470.6		(25.0)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(1.0)		(0.1)
Net increase in cash, cash equivalents and restricted cash	153.3		0.7
Cash, cash equivalents and restricted cash at beginning of period	17.9		10.8
Cash, cash equivalents and restricted cash at end of period (a)	$	171.2	$	11.5

PROPERTY, PLANT AND EQUIPMENT - Property, Plant and Equipment (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Right-of-Use assets	$ 55.1	$ 71.4
Property, plant and equipment and Right-of-Use assets, net	249.9	297.3
Land and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net	9.7	10.8
Building and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net	39.9	43.5
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net	70.4	82.2
Office furniture, fixtures and capitalized software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net	50.4	62.6
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net	15.6	18.0
Construction-in-progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net	$ 8.8	$ 8.8

SEGMENT DATA AND RELATED INFORMATION - Narrative (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2022 reporting_unit country	Jun. 30, 2022 reporting_unit	Sep. 30, 2022 reporting_unit brand_team country
Segment Reporting Information [Line Items]
Number of reporting units \| reporting_unit	5	5	4
Number of global brand teams \| brand_team			4
International
Segment Reporting Information [Line Items]
Number of countries in which entity operates \| country	25		25

REVLON, INC. BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Numerator:
Net loss	$ (152.8)	$ (275.6)	$ (67.0)	$ (53.1)	$ (67.7)	$ (96.0)	$ (495.4)	$ (216.8)
Denominator:
Weighted-average common shares outstanding – Basic (in shares)	55,111,423			54,025,861			54,818,140	53,899,732
Effect of dilutive restricted stock and RSUs (in shares)	0			0			0	0
Weighted-average common shares outstanding – Diluted (in shares)	55,111,423			54,025,861			54,818,140	53,899,732
Basic and Diluted loss per common share:
Basic net loss per common share (in dollars per share)	$ (2.77)			$ (0.98)			$ (9.04)	$ (4.02)
Diluted net loss per common share (in dollars per share)	$ (2.77)			$ (0.98)			$ (9.04)	$ (4.02)
Restricted Stock and Restricted Stock Units
Basic and Diluted loss per common share:
Unvested restricted stock and RSUs under the Stock Plan (in shares)	73,756			759,994			1,557	581,856

CONDENSED CONSOLIDATION DEBTOR-IN-POSSESSION FINANCIAL INFORMATION - Consolidated Statements of Cash Flows (Details) - USD ($)

3 Months Ended

9 Months Ended

Sep. 30, 2022

Sep. 30, 2021

Sep. 30, 2022

Sep. 30, 2021

Dec. 31, 2021

CASH FLOWS FROM OPERATING ACTIVITIES:

Net cash used in operating activities

$ (251,000,000.0)

$ (86,700,000)

CASH FLOWS FROM INVESTING ACTIVITIES:

Net cash used in investing activities

(8,100,000)

(4,200,000)

CASH FLOWS FROM FINANCING ACTIVITIES:

Net decrease in short-term borrowings and overdraft

(600,000)

(12,500,000)

Borrowings on term loans

305,000,000.0

Repayments on term loans

^[1]

(88,600,000)

(186,700,000)

Net (repayments) borrowings under the revolving credit facilities

(600,000)

(2,700,000)

Borrowings on DIP Term Loan Facility

575,000,000.0

Repayments on Tranche A DIP ABL Facility

(67,200,000)

Payment of financing costs

(18,800,000)

(17,900,000)

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

$ (4,700)

$ (9,700)

(3,300,000)

(2,400,000)

Other financing activities

(200,000)

(300,000)

Net cash provided by (used in) financing activities

395,700,000

82,500,000

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

(7,300,000)

(2,400,000)

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

129,300,000

(10,800,000)

Cash, cash equivalents and restricted cash at beginning of period

^[2]

120,900,000

102,500,000

Cash, cash equivalents and restricted cash at end of period

^[3]

250,200,000

91,700,000

250,200,000

91,700,000

Restricted cash

3,800,000

18,400,000

3,800,000

18,400,000

$ 18,500,000

Debtors

CASH FLOWS FROM OPERATING ACTIVITIES:

Net cash used in operating activities

(310,900,000)

30,200,000

CASH FLOWS FROM INVESTING ACTIVITIES:

Net cash used in investing activities

(5,400,000)

(4,400,000)

CASH FLOWS FROM FINANCING ACTIVITIES:

Net decrease in short-term borrowings and overdraft

(700,000)

(10,600,000)

Borrowings on term loans

230,000,000.0

Repayments on term loans

(13,600,000)

(127,800,000)

Net (repayments) borrowings under the revolving credit facilities

(600,000)

(2,700,000)

Borrowings on DIP Term Loan Facility

575,000,000.0

Repayments on Tranche A DIP ABL Facility

(67,200,000)

Payment of financing costs

(18,800,000)

(13,700,000)

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

(3,300,000)

(2,400,000)

Cash transfer to non-debtor affiliates

(97,500,000)

Other financing activities

(200,000)

(300,000)

Net cash provided by (used in) financing activities

470,600,000

(25,000,000.0)

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

(1,000,000.0)

(100,000)

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

153,300,000

700,000

Cash, cash equivalents and restricted cash at beginning of period

17,900,000

10,800,000

Cash, cash equivalents and restricted cash at end of period

171,200,000

11,500,000

171,200,000

11,500,000

Restricted cash

$ 2,700,000

$ 0

$ 2,700,000

$ 0

[1]	Repayments on term loans for the nine months ended September 30, 2022 includes repayments of $75.0 million under the 2021 Foreign Asset Based Term Facility, $4.7 million under the 2020 BrandCo Term Loan Facility, $6.6 million for the 2020 Troubled-debt-restructuring future interest amortization, and $2.3 million under the 2016 Term Loan Facility. Repayments on term loans for the nine months ended September 30, 2021 includes repayments of $100.0 million under the 2021 SISO Term Loan facility, $58.9 million under the 2018 Foreign Asset-Based Term Facility, $11.6 million for the 2020 Troubled-debt-restructuring future interest amortization, $9.3 million under the 2020 BrandCo facilities and $6.9 million under the 2016 Term Loan Facility. See Note 8, "Debt" in the Company's 2021 Form 10-K for additional information on the Company's debt facilities.
[2]	This amount includes restricted cash of $18.5 million as of December 31, 2021. The balance as of December 31, 2021 represents: (i) cash on deposit in lieu of a mandatory prepayment and loan proceeds held in escrow until certain collateral perfection requirements are satisfied under the 2021 Foreign Asset-Based Term Agreement; and (ii) cash on deposit to support outstanding undrawn letters of credit.
[3]	These amounts include restricted cash of $3.8 million and $18.4 million as of September 30, 2022 and 2021, respectively. The balance as of September 30, 2022 primarily represents: cash on security deposit. The balance as of September 30, 2021 represents: (i) cash on deposit in lieu of a mandatory prepayment and loan proceeds held in escrow until certain collateral perfection requirements were satisfied under the 2021 Foreign Asset-Based Term Agreement; and (ii) cash on deposit to support surety bonds. These balances were included within prepaid expenses and other current assets and other assets in the Company's Consolidated Balance Sheets as of September 30, 2022 and September 30, 2021, respectively.

DEBT (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Components of Long-Term Debt

The table below details the Company's debt balances, net of discounts and debt issuance costs.


	September 30,		December 31,
	2022		2021
Debt
DIP Term Loan Facility due 2023 (a)	$	575.0	$	—
SISO DIP ABL Facility due 2023 (a)	130.0		—
Tranche A DIP ABL Facility due 2023 (a)	41.8		—
Spanish Government Loan due 2025	0.2		0.2
2021 Foreign Asset-Based Term Facility due 2024	—		71.2

Amended 2016 Revolving Credit Facility (Tranche A) due 2024	—		108.0
SISO Term Loan Facility due 2024	—		126.2
2020 ABL FILO Term Loans due 2023	—		50.0
2020 Troubled-debt-restructuring: future interest	—		42.6
2020 BrandCo Term Loan Facility due 2025 (b)	—		1,749.7
2016 Term Loan Facility: 2016 Term Loan due 2023 and 2025	—		867.9
6.25% Senior Notes due 2024	—		426.9
Debt	$	747.0	$	3,442.7

Debt subject to compromise


2020 ABL FILO Term Loans due 2023	50.0		—
2020 Troubled-debt-restructuring: future interest	36.0		—
2020 BrandCo Term Loan Facility due 2025 (b)	1,887.6		—
2016 Term Loan Facility: 2016 Term Loan due 2023 and 2025	872.4		—

6.25% Senior Notes due 2024	431.3		—




Debt subject to compromise (b)	$	3,277.3	$	—

Total debt, prior to reclassification to Liabilities subject to compromise	$	4,024.3	$	3,442.7
Less current portion	(746.9)		(137.2)
Less amounts reclassified to Liabilities subject to compromise	(3,277.3)		—
Long-term debt	$	0.1	$	3,305.5

Short-term borrowings (*)	$	0.6	$	0.7

(*)The weighted average interest rate on these short-term borrowings outstanding at September 30, 2022 and December 31, 2021 was 11.4%, respectively.

Schedule of Line of Credit Facilities

At September 30, 2022, the aggregate principal amounts outstanding and availability under Products Corporation’s various revolving credit facilities were as follows:



	Commitment		Borrowing Base		Aggregate principal amount outstanding at September 30, 2022		Availability at September 30, 2022 (a)
Tranche A DIP ABL Facility due 2023	$	270.0	$	71.4	$	41.8	$	29.6
SISO DIP ABL Facility due 2023	130.0		130.0		130.0		—

2020 ABL FILO Term Loans	50.0		38.8		$	50.0	$	—

(a) Availability as of September 30, 2022 is based upon the Tranche A Revolving borrowing base then in effect under Tranche A DIP ABL Facility of $71.4 million (which includes a $11.2 million reserve for the shortfall of the borrowing base that supports the 2020 ABL FILO Term Loans compared to the corresponding aggregate principal amount outstanding of $50 million), less $41.8 million then drawn.

- Definition

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

+ References

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+ Details

PROPERTY, PLANT AND EQUIPMENT (Tables)

9 Months Ended

Sep. 30, 2022

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:



	September 30,		December 31,
	2022		2021
Land and improvements	$	9.7	$	10.8
Building and improvements	39.9		43.5
Machinery and equipment	70.4		82.2
Office furniture, fixtures and capitalized software	50.4		62.6
Leasehold improvements	15.6		18.0
Construction-in-progress	8.8		8.8
Right-of-Use assets	55.1		71.4
Property, plant and equipment and Right-of-Use assets, net	$	249.9	$	297.3

FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
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	$ 5.9	$ 6.1
Sublimit, letters of credit
Fair Value Measurements Of Financial Instruments [Line Items]
Standby and trade letters of credit for various corporate purposes	$ 8.0	$ 8.4

PROPERTY, PLANT AND EQUIPMENT - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense	$ 16.9	$ 16.5	$ 44.8	$ 50.7
Property, plant and equipment, accumulated depreciation	$ 549.2		$ 549.2		$ 551.3

FINANCIAL INSTRUMENTS	9 Months Ended
FINANCIAL INSTRUMENTS	Sep. 30, 2022
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 $8.0 million (including amounts available under credit agreements in effect at that time) and $8.4 million were maintained as of September 30, 2022 and December 31, 2021, respectively. Included in these amounts are approximately $5.9 million and $6.1 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 September 30, 2022 and December 31, 2021, respectively. At September 30, 2022 and December 31, 2021, respectively, 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 - Classification of Net Periodic Benefit Costs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total net periodic benefit costs	$ 1.3	$ 1.3	$ 3.7	$ 3.6	$ 4.8
Selling, general and administrative expense
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total net periodic benefit costs	0.3	0.4	0.9	1.1
Miscellaneous, net
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Total net periodic benefit costs	$ 1.0	$ 0.9	$ 2.8	$ 2.5

SEGMENT DATA AND RELATED INFORMATION

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

SEGMENT DATA AND RELATED INFORMATION

Operating Segments

As a result of the similarities in the procurement, manufacturing and distribution processes for the Company’s products, much of the information provided in the unaudited Condensed 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.

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.

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, miscellaneous expenses and reorganization items, net. Segment profit also excludes the impact of certain items that are not directly attributable to the reportable segments' underlying operating performance. Such items are shown below in the table reconciling segment profit to consolidated income from continuing operations before income taxes. The Company does not have any material inter-segment sales.

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




	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Segment Net Sales:
Revlon	$	176.6	$	173.0	$	544.9	$	521.8
Elizabeth Arden	120.7		122.8		347.7		359.7
Portfolio	83.0		112.7		268.4		307.4
Fragrances	88.1		112.6		229.6		274.6
Total	$	468.4	$	521.1	$	1,390.6	$	1,463.5

Segment Profit:
Revlon	$	13.8	$	16.1	$	62.1	$	45.3
Elizabeth Arden	16.0		21.3		39.9		42.1
Portfolio	3.5		22.1		25.7		46.3
Fragrances	17.0		22.9		32.8		50.8
Total	$	50.3	$	82.4	$	160.5	$	184.5

Reconciliation:
Total Segment Profit	$	50.3	$	82.4	$	160.5	$	184.5
Less:

Depreciation and amortization	26.3		31.2		80.7		96.8
Non-cash stock compensation expense	7.2		3.9		15.3		10.4
Non-Operating items:
Restructuring and related charges	3.5		10.8		28.5		28.0
Acquisition, integration and divestiture costs	0.2		0.6		0.7		1.8
Gain on divested assets	—		0.1		—		(1.7)
Financial control remediation and sustainability actions and related charges	—		—		—		0.4

COVID-19 charges	—		(0.1)		—		6.1


Capital structure and related charges	0.2		1.8		3.9		6.8
Impairment charges	—		—		24.3		—



Operating income (loss)	12.9		34.1		7.1		35.9
Less:
Interest Expense	56.2		63.1		175.8		183.9

Amortization of debt issuance costs	—		8.7		20.9		30.7


Foreign currency losses (gains), net	19.4		9.9		41.4		11.5
Miscellaneous, net	2.3		0.1		9.0		2.8
Reorganization items, net	85.0		—		243.3		$	—
Loss from operations before income taxes	$	(150.0)	$	(47.7)	$	(483.3)	$	(193.0)

Products Corporation



	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Segment Net Sales:
Revlon	$	176.6	$	173.0	$	544.9	$	521.8
Elizabeth Arden	120.7		122.8		347.7		359.7
Portfolio	83.0		112.7		268.4		307.4
Fragrances	88.1		112.6		229.6		274.6
Total	$	468.4	$	521.1	$	1,390.6	$	1,463.5

Segment Profit:
Revlon	$	14.6	$	16.6	$	64.5	$	46.8
Elizabeth Arden	16.6		21.7		41.5		43.1
Portfolio	3.9		22.5		26.9		47.3
Fragrances	17.3		23.2		33.8		51.6
Total	$	52.4	$	84.0	$	166.7	$	188.8

Reconciliation:
Total Segment Profit	$	52.4	$	84.0	$	166.7	$	188.8
Less:

Depreciation and amortization	26.3		31.2		80.7		96.8
Non-cash stock compensation expense	7.2		3.9		15.3		10.4
Non-Operating items:
Restructuring and related charges	3.5		10.8		28.5		28.0
Acquisition, integration and divestiture costs	0.2		0.6		0.7		1.8
Gain on divested assets	—		0.1		—		(1.7)
Financial control remediation and sustainability actions and related charges	—		—		—		0.4



COVID-19 charges	—		(0.1)		—		6.1
Capital structure and related charges	0.2		1.8		3.9		6.8
Impairment charge	—		—		24.3		—

Operating income (loss)	15.0		35.7		13.3		40.2
Less:
Interest Expense	56.2		63.1		175.8		183.9

Amortization of debt issuance costs	—		8.7		20.9		30.7


Foreign currency losses (gains), net	19.4		9.9		41.4		11.5
Miscellaneous, net	4.3		0.1		14.4		2.8
Reorganization items, net	85.0		—		243.3		—
Loss from operations before income taxes	$	(149.9)	$	(46.1)	$	(482.5)	$	(188.7)

As of September 30, 2022, 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.

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


	Three Months Ended September 30, 2022										Nine Months Ended September 30, 2022
	Revlon		Elizabeth Arden		Portfolio		Fragrances		Total		Revlon		Elizabeth Arden		Portfolio		Fragrances		Total
Geographic Area:
Net Sales
North America	$	90.9	$	24.1	$	51.0	$	58.3	$	224.3	$	293.5	$	64.5	$	169.7	$	141.9	$	669.6
EMEA*	39.8		30.5		24.2		18.4		112.9		126.3		91.8		74.9		56.5		349.5
Asia	10.2		58.6		0.3		4.5		73.6		27.8		173.7		1.8		15.2		218.5
Latin America*	18.4		2.2		4.4		3.6		28.6		46.7		4.7		12.3		8.3		72.0
Pacific*	17.3		5.3		3.1		3.3		29.0		50.6		13.0		9.7		7.7		81.0
	$	176.6	$	120.7	$	83.0	$	88.1	$	468.4	$	544.9	$	347.7	$	268.4	$	229.6	$	1,390.6


	Three Months Ended September 30, 2021										Nine Months Ended September 30, 2021
	Revlon		Elizabeth Arden		Portfolio		Fragrances		Total		Revlon		Elizabeth Arden		Portfolio		Fragrances		Total
Geographic Area:
Net Sales
North America	$	88.4	$	32.3	$	75.2	$	81.5	$	277.4	$	270.9	$	80.9	$	201.9	$	193.8	$	747.5
EMEA*	43.8		30.4		28.7		20.5		123.4		125.4		85.9		80.6		54.0		345.9
Asia	9.1		52.0		0.4		3.5		65.0		31.7		171.8		2.3		10.4		216.2
Latin America*	14.2		2.5		4.8		3.4		24.9		40.7		5.8		12.2		7.9		66.6
Pacific*	17.5		5.6		3.6		3.7		30.4		53.1		15.3		10.4		8.5		87.3
	$	173.0	$	122.8	$	112.7	$	112.6	$	521.1	$	521.8	$	359.7	$	307.4	$	274.6	$	1,463.5

* 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.



	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Classes of similar products:
Net sales:
Color cosmetics	$	123.0	26%	$	124.8	24%	$	383.2	28%	$	368.5	25%
Fragrance	141.2		30%	160.1		31%	357.6		26%	395.4		27%
Hair care	106.1		23%	124.2		24%	333.7		24%	351.6		24%
Beauty care	38.2		8%	45.6		9%	117.9		8%	124.8		9%
Skin care	59.9		13%	66.4		12%	198.2		14%	223.2		15%
	$	468.4		$	521.1		$	1,390.6		$	1,463.5

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


	September 30, 2022			December 31, 2021
Long-lived assets, net:
United States	$	1,055.8	85%	$	1,134.3	84%
International	185.0		15%	215.8		16%
	$	1,240.8		$	1,350.1

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 21
-Subparagraph (a)
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 32
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI https://asc.fasb.org/topic&trid=2134510

+ Details

DEBT - Narrative (Details)
$ in Millions

3 Months Ended

9 Months Ended

12 Months Ended

Aug. 03, 2022

USD ($)

Jun. 17, 2022

USD ($)

Mar. 31, 2022

USD ($)

Mar. 30, 2022

USD ($)

May 07, 2021

USD ($)

May 06, 2021

USD ($)

Mar. 08, 2021

USD ($)

Mar. 02, 2021

USD ($)

Sep. 30, 2022

USD ($)

Sep. 30, 2021

USD ($)

Sep. 30, 2022

USD ($)

Sep. 30, 2021

USD ($)

Dec. 31, 2021

USD ($)

Mar. 07, 2021

USD ($)

Dec. 31, 2020

USD ($)

Oct. 23, 2020

Debt Instrument [Line Items]

Borrowings on DIP Term Loan Facility

$ 575.0

$ 0.0

DIP facilities financing costs

$ 2.0

16.8

Interest which was stayed

73.0

Selling, general and administrative expenses

248.5

$ 256.1

758.4

796.0

Amortization of debt issuance costs

0.0

8.7

20.9

30.7

Held in escrow

3.8

18.4

3.8

18.4

$ 18.5

Repayments on term loans

^[1]

88.6

186.7

Revlon Consumer Products Corporation

Debt Instrument [Line Items]

Borrowings on DIP Term Loan Facility

575.0

0.0

Selling, general and administrative expenses

246.4

254.5

752.2

791.7

Amortization of debt issuance costs

0.0

8.7

20.9

30.7

Held in escrow

3.8

18.4

3.8

18.4

18.5

Repayments on term loans

^[2]

88.6

186.7

Tranche A DIP ABL Facility | Revolving credit facility | Revlon Consumer Products Corporation

Debt Instrument [Line Items]

Maximum borrowing capacity

270.0

SISO DIP ABL Facility | Revolving credit facility | Revlon Consumer Products Corporation

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 130.0

130.0

Amended 2016 Revolving Credit Agreement | Revolving credit facility | Revlon Consumer Products Corporation

Debt Instrument [Line Items]

Increase in borrowing base

$ 25.0

Deferred financing cots incurred

1.8

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

91 days

Springing minimum fixed charge coverage ratio based on excess availability triggering event

1.00

Springing minimum fixed charge cover ratio triggering event, excess availability threshold

$ 27.5

Springing cash dominion requirement triggering event, excess availability threshold

45.0

Amended 2016 Revolving Credit Agreement | Revolving credit facility | Revlon Consumer Products Corporation | Through June 29, 2022

Debt Instrument [Line Items]

Reserve against availability during Amendment No. 9 Accommodation Period

10.0

Amended 2016 Revolving Credit Agreement | Revolving credit facility | Revlon Consumer Products Corporation | Subsequent to June 29, 2022

Debt Instrument [Line Items]

Reserve against availability during Amendment No. 9 Accommodation Period

$ 15.0

2021 Foreign Asset-Based Term Facility

Debt Instrument [Line Items]

Repayments on term loans

75.0

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

Debt Instrument [Line Items]

Repayments on term loans

$ 75.0

2021 Foreign Asset-Based Term Facility | Secured debt | Revlon Consumer Products Corporation

Debt Instrument [Line Items]

Increase in borrowing base

$ 7.0

Deferred financing cots incurred

$ 3.2

Period for change in agreement terms

1 year

Maximum borrowing capacity

75.0

Amortization of debt issuance costs

1.0

Held in escrow

$ 7.5

13.8

Borrowing base calculation, percentage of eligible accounts receivable

90.00%

80.00%

Borrowing base calculation, percentage of eligible inventory

75.00%

65.00%

Borrowing base calculation, percentage of eligible real property

45.00%

Prepayment premium, first year after the closing date

3.00%

Prepayment premium, second year after the closing date

2.00%

Prepayment premium, third year after the closing date and thereafter

1.00%

Covenant, minimum cash and cash equivalents

$ 3.5

Covenant, minimum cash and cash equivalents, business days prior to month end

10 days

2021 Foreign Asset-Based Term Facility | Secured debt | Revlon Consumer Products Corporation | LIBOR

Debt Instrument [Line Items]

Basis spread on variable interest rate

8.50%

Variable rate floor

1.50%

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%

2020 BrandCo Term Loan Facility due 2025

Debt Instrument [Line Items]

Accrued paid-in-kind Interest on prepetition liabilities

$ 9.6

Repayments on term loans

4.7

9.3

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

Debt Instrument [Line Items]

Repayments on term loans

4.7

9.3

2020 BrandCo Term Loan Facility Due 2025, Term Tranche B-1

Debt Instrument [Line Items]

Interest on prepetition liabilities

28.8

Tranche A Revolving Credit Facility due 2023 | Revolving credit facility | Revlon Consumer Products Corporation

Debt Instrument [Line Items]

Deferred financing cots incurred

$ 4.2

Maximum borrowing capacity

$ 300.0

300.0

Unamortized deferred financing costs

$ 5.1

Increase in interest margin

0.50%

Tranche A Revolving Credit Facility due 2023 | Revolving credit facility | Revlon Consumer Products Corporation | Minimum

Debt Instrument [Line Items]

Basis spread on variable interest rate

2.50%

Tranche A Revolving Credit Facility due 2023 | Revolving credit facility | Revlon Consumer Products Corporation | Maximum

Debt Instrument [Line Items]

Basis spread on variable interest rate

3.00%

Tranche A Revolving Credit Facility due 2023 | Revolving credit facility | Revlon Consumer Products Corporation | LIBOR

Debt Instrument [Line Items]

Variable rate floor

1.75%

Tranche A Revolving Credit Facility due 2023 | Revolving credit facility | Revlon Consumer Products Corporation | LIBOR | Minimum

Debt Instrument [Line Items]

Basis spread on variable interest rate

2.50%

Tranche A Revolving Credit Facility due 2023 | Revolving credit facility | Revlon Consumer Products Corporation | LIBOR | Maximum

Debt Instrument [Line Items]

Basis spread on variable interest rate

3.00%

Tranche A Revolving Credit Facility due 2024 | Revolving credit facility | Revlon Consumer Products Corporation

Debt Instrument [Line Items]

Deferred financing cots incurred

2.1

Maximum borrowing capacity

$ 270.0

Selling, general and administrative expenses

0.8

Amortization of debt issuance costs

4.7

Tranche A Revolving Credit Facility due 2024 | Revolving credit facility | Revlon Consumer Products Corporation | LIBOR

Debt Instrument [Line Items]

Basis spread on variable interest rate

3.75%

Variable rate floor

0.50%

SISO Term Loan Facility due 2023 | Revolving credit facility | Revlon Consumer Products Corporation

Debt Instrument [Line Items]

Deferred financing cots incurred

$ 4.3

SISO Term Loan Facility due 2023 | Secured debt | Revlon Consumer Products Corporation

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 100.0

100.0

Unamortized deferred financing costs

4.0

Proceeds from long-term lines of credit

$ 100.0

SISO Term Loan Facility due 2023 | Secured debt | Revlon Consumer Products Corporation | LIBOR

Debt Instrument [Line Items]

Basis spread on variable interest rate

5.75%

Variable rate floor

1.75%

SISO Term Loan Facility due 2024

Debt Instrument [Line Items]

Repayments on term loans

100.0

SISO Term Loan Facility due 2024 | Revlon Consumer Products Corporation

Debt Instrument [Line Items]

Repayments on term loans

100.0

SISO Term Loan Facility due 2024 | Secured debt | Revlon Consumer Products Corporation

Debt Instrument [Line Items]

Deferred financing cots incurred

$ 0.9

Maximum borrowing capacity

$ 130.0

Selling, general and administrative expenses

0.4

Amortization of debt issuance costs

$ 1.4

2016 Revolving Credit Agreement due 2023 | Revolving credit facility | Revlon Consumer Products Corporation

Debt Instrument [Line Items]

Minimum excess available reserve requirement, fixed charge coverage ratio greater than 1.0

20.0

Minimum excess available reserve requirement, fixed charge coverage ratio less than 1.00x

$ 30.0

Amended 2016 Revolving Credit Agreement, Tranche A | Revolving credit facility | Revlon Consumer Products Corporation

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 400.0

Unamortized deferred financing costs

$ 0.8

5.75% Senior Notes | Revlon Consumer Products Corporation

Debt Instrument [Line Items]

Stated interest rate (as a percent)

5.75%

2020 Troubled-debt-restructuring: future interest

Debt Instrument [Line Items]

Future interest payments included in restructured debt

$ 57.8

Repayments on term loans

0.0

6.6

11.6

2020 Troubled-debt-restructuring: future interest | Revlon Consumer Products Corporation

Debt Instrument [Line Items]

Repayments on term loans

6.6

11.6

Debtors

Debt Instrument [Line Items]

Borrowings on DIP Term Loan Facility

575.0

0.0

Selling, general and administrative expenses

161.9

156.7

486.8

487.1

Amortization of debt issuance costs

0.0

8.7

16.8

29.9

Held in escrow

$ 2.7

$ 0.0

2.7

0.0

Repayments on term loans

$ 13.6

$ 127.8

Debtors | DIP ABL Facility | Revolving credit facility | Revlon Consumer Products Corporation

Debt Instrument [Line Items]

Debtor-in-Possession financing, amount arranged

$ 400.0

Debtor-in-Possession financing, period for option to extend

180 days

Debtor-in-Possession financing, maturity date trigger, consent of holders of loans and commitments for dismissal of debtor cases, percentage

50.00%

Debtor-in-Possession financing, closing fee

1.00%

Debtor-in-Possession financing, collateral management fee

1.00%

Debtor-in-Possession financing, fee on unused borrowings

0.50%

Debtor-in-Possession financing, exit fee

0.50%

Debtors | Tranche A DIP ABL Facility | Revolving credit facility | Revlon Consumer Products Corporation

Debt Instrument [Line Items]

Debtor-in-Possession financing, amount arranged

$ 270.0

Debtor-in-Possession financing, availability reserve

$ 25.0

Debtors | Tranche A DIP ABL Facility | Revolving credit facility | Revlon Consumer Products Corporation | Adjusted Base Rate

Debt Instrument [Line Items]

Debtor-in-Possession financing, basis spread on variable rate

2.50%

Debtors | SISO DIP ABL Facility | Revolving credit facility | Revlon Consumer Products Corporation

Debt Instrument [Line Items]

Debtor-in-Possession financing, amount arranged

$ 130.0

Debtors | SISO DIP ABL Facility | Revolving credit facility | Revlon Consumer Products Corporation | Adjusted Base Rate

Debt Instrument [Line Items]

Debtor-in-Possession financing, basis spread on variable rate

4.75%

Debtors | DIP Term Loan Facility | Revlon Consumer Products Corporation

Debt Instrument [Line Items]

Debtor-in-Possession financing, amount arranged

$ 1,025.0

Debtor-in-Possession financing, committed amount arranged

575.0

Debtor-in-Possession financing, borrowings outstanding

$ 575.0

Borrowings on DIP Term Loan Facility

$ 200.0

$ 375.0

Debtor-in-Possession financing, period for option to extend

180 days

Debtor-in-Possession financing, upfront discount

1.00%

Debtor-in-Possession financing, backstop premium

1.50%

Debtor-in-Possession financing, maturity extension premium

0.50%

Debtor-in-Possession financing, repayment premium

1.00%

Debtors | DIP Term Loan Facility | Revlon Consumer Products Corporation | Adjusted Base Rate

Debt Instrument [Line Items]

Debtor-in-Possession financing, basis spread on variable rate

6.75%

Debtors | DIP Term Loan Facility | Revlon Consumer Products Corporation | Secured Overnight Financing Rate

Debt Instrument [Line Items]

Debtor-in-Possession financing, basis spread on variable rate

7.75%

Debtors | Intercompany DIP Facility | Revlon Consumer Products Corporation | Adjusted Base Rate

Debt Instrument [Line Items]

Debtor-in-Possession financing, basis spread on variable rate

6.75%

[1]

[2]

Repayments on term loans for the nine months ended September 30, 2022 includes repayments of $75.0 million under the 2021 Foreign Asset Based Term Facility,$4.7 million under the 2020 BrandCo Term Loan Facility, $6.6 million for the 2020 Troubled-debt-restructuring future interest amortization, and $2.3 million under the 2016 Term Loan Facility. Repayments on term loans for the nine months ended September 30, 2021 includes repayments of $100.0 million under the 2021 SISO Term Loan facility, $58.9 million under the 2018 Foreign Asset-Based Term Facility, $11.6 million for the 2020 Troubled-debt-restructuring future interest amortization, $9.3 million under the 2020 BrandCo facilities and $6.9 million under the 2016 Term Loan Facility. See Note 8, "Debt" in the Company's 2021 Form 10-K for additional information on the Company's debt facilities.

PROPERTY, PLANT AND EQUIPMENT

9 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

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



	September 30,		December 31,
	2022		2021
Land and improvements	$	9.7	$	10.8
Building and improvements	39.9		43.5
Machinery and equipment	70.4		82.2
Office furniture, fixtures and capitalized software	50.4		62.6
Leasehold improvements	15.6		18.0
Construction-in-progress	8.8		8.8
Right-of-Use assets	55.1		71.4
Property, plant and equipment and Right-of-Use assets, net	$	249.9	$	297.3

Depreciation and amortization expense on property, plant and equipment and right-of-use assets for the three months ended September 30, 2022 and September 30, 2021 was $16.9 million and $16.5 million, respectively. Depreciation and amortization expense on property, plant and equipment and right-of-use assets for the nine months ended September 30, 2022 and September 30, 2021 was $44.8 million and $50.7 million, respectively. Accumulated depreciation and amortization was $549.2 million and $551.3 million as of September 30, 2022 and December 31, 2021, respectively.

In connection with the lease rejections that were approved by the Bankruptcy Court and were deemed effective as of the Petition Date, the associated right-of-use asset was written-off.

During the second quarter of 2022, as a result of the continued global supply chain disruptions resulting from the COVID-19 pandemic and other macroeconomic factors, 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. 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 assessment, the Company concluded that the carrying amounts of its PP&E, including its lease ROU assets, were not impaired as of June 30, 2022.

Following its interim assessment during the third quarter of 2022, the Company concluded that the carrying amounts of its PP&E, including its lease ROU assets, were recoverable as of September 30, 2022.

CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIENCY - REVLON CONSUMER PRODUCTS CORPORATION AND SUBSIDIARIES - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2022

Jun. 30, 2022

Mar. 31, 2022

Sep. 30, 2021

Jun. 30, 2021

Mar. 31, 2021

Sep. 30, 2022

Sep. 30, 2021

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

Beginning balance

$ (2,348.2)

$ (2,078.6)

$ (2,014.1)

$ (2,020.0)

$ (1,958.7)

$ (1,862.0)

$ (2,014.1)

$ (1,862.0)

Stock-based compensation amortization

7.2

6.3

1.8

3.9

3.4

3.1

Net loss

(152.8)

(275.6)

(67.0)

(53.1)

(67.7)

(96.0)

(495.4)

(216.8)

Other comprehensive (loss) income

(3.3)

^[1]

(0.2)

^[1]

3.9

^[1]

2.9

^[1]

3.0

^[1]

(1.4)

^[1]

0.4

4.5

Ending balance

(2,497.1)

(2,348.2)

(2,078.6)

(2,066.3)

(2,020.0)

(1,958.7)

(2,497.1)

(2,066.3)

Additional Paid-In Capital

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

Beginning balance

1,104.4

1,098.1

1,096.3

1,088.8

1,085.4

1,082.3

1,096.3

1,082.3

Stock-based compensation amortization

7.2

6.3

1.8

3.9

3.4

3.1

Ending balance

1,111.6

1,104.4

1,098.1

1,092.7

1,088.8

1,085.4

1,111.6

1,092.7

Accumulated Deficit

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

Beginning balance

(3,181.2)

(2,905.6)

(2,838.6)

(2,795.4)

(2,727.7)

(2,631.7)

(2,838.6)

(2,631.7)

Net loss

(152.8)

(275.6)

(67.0)

(53.1)

(67.7)

(96.0)

Ending balance

(3,334.0)

(3,181.2)

(2,905.6)

(2,848.5)

(2,795.4)

(2,727.7)

(3,334.0)

(2,848.5)

Accumulated Other Comprehensive (Loss) Income

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

Beginning balance

(231.0)

(230.8)

(234.7)

(276.3)

(279.3)

(277.9)

(234.7)

(277.9)

Other comprehensive (loss) income

^[1]

(3.3)

(0.2)

3.9

2.9

3.0

(1.4)

Ending balance

(234.3)

(231.0)

(230.8)

(273.4)

(276.3)

(279.3)

(234.3)

(273.4)

Revlon Consumer Products Corporation

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

Beginning balance

(2,187.3)

(1,919.7)

(1,857.2)

(1,855.9)

(1,796.2)

(1,703.0)

(1,857.2)

(1,703.0)

Stock-based compensation amortization

7.2

6.3

1.8

3.9

3.4

3.1

Net loss

(152.7)

(273.7)

(68.2)

(51.6)

(66.1)

(94.9)

(494.6)

(212.6)

Other comprehensive (loss) income

(3.3)

^[2]

(0.2)

^[2]

3.9

^[2]

2.9

^[2]

3.0

^[2]

(1.4)

^[2]

0.4

4.5

Ending balance

(2,336.1)

(2,187.3)

(1,919.7)

(1,900.7)

(1,855.9)

(1,796.2)

(2,336.1)

(1,900.7)

Revlon Consumer Products Corporation | Preferred Stock

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

Beginning balance

54.6

Ending balance

54.6

Revlon Consumer Products Corporation | Additional Paid-In Capital

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

Beginning balance

1,029.0

1,022.7

1,020.9

1,013.4

1,010.0

1,006.9

1,020.9

1,006.9

Stock-based compensation amortization

7.2

6.3

1.8

3.9

3.4

3.1

Ending balance

1,036.2

1,029.0

1,022.7

1,017.3

1,013.4

1,010.0

1,036.2

1,017.3

Revlon Consumer Products Corporation | Accumulated Deficit

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

Beginning balance

(3,039.9)

(2,766.2)

(2,698.0)

(2,647.6)

(2,581.5)

(2,486.6)

(2,698.0)

(2,486.6)

Net loss

(152.7)

(273.7)

(68.2)

(51.6)

(66.1)

(94.9)

Ending balance

(3,192.6)

(3,039.9)

(2,766.2)

(2,699.2)

(2,647.6)

(2,581.5)

(3,192.6)

(2,699.2)

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

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

Beginning balance

(231.0)

(230.8)

(234.7)

(276.3)

(279.3)

(277.9)

(234.7)

(277.9)

Other comprehensive (loss) income

^[2]

(3.3)

(0.2)

3.9

2.9

3.0

(1.4)

Ending balance

$ (234.3)

$ (231.0)

$ (230.8)

$ (273.4)

$ (276.3)

$ (279.3)

$ (234.3)

$ (273.4)

[1]	See Note 13, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the nine months ended September 30, 2022 and 2021, respectively.
[2]	See Note 13, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the nine months ended September 30, 2022 and 2021, respectively.

PRODUCTS CORPORATION AND SUBSIDIARIES GUARANTOR FINANCIAL INFORMATION

9 Months Ended

Sep. 30, 2022

Condensed Financial Information Disclosure [Abstract]

PRODUCTS CORPORATION AND SUBSIDIARIES GUARANTOR FINANCIAL INFORMATION

Products Corporation's 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 "Guarantors Subsidiaries").

The following Condensed Consolidating Financial Statements present the financial information as of September 30, 2022 and December 31, 2021, and for each of the nine months September 30, 2022 and 2021 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 did not guarantee and do not guarantee Products Corporation's 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 September 30, 2022
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated

ASSETS
Cash and cash equivalents	$	6.2	$	155.9	$	84.3	$	—	$	246.4
Trade receivables, less allowances for doubtful accounts	62.2		89.8		167.0		—		319.0
Inventories, net	158.3		129.4		168.3		—		456.0
Prepaid expenses and other	340.2		34.5		51.5		—		426.2
Intercompany receivables	3,425.7		5,266.9		821.2		(9,513.8)		—
Investment in subsidiaries	1,240.3		(165.9)		—		(1,074.4)		—
Property, plant and equipment, net	140.0		38.1		71.8		—		249.9
Deferred income taxes	—		2.5		47.4		—		49.9
Goodwill	404.8		35.2		121.2		—		561.2
Intangible assets, net	0.1		130.1		205.2		—		335.4
Other assets	61.6		9.2		151.6		(128.1)		94.3
Total assets	$	5,839.4	$	5,725.7	$	1,889.5	$	(10,716.3)	$	2,738.3
LIABILITIES AND STOCKHOLDER’S DEFICIENCY
Short-term borrowings	$	—	$	—	$	0.6	$	—	$	0.6
Current portion of long-term debt	746.8		—		0.1		—		746.9
Accounts payable	49.2		2.1		53.7		—		105.0
Accrued expenses and other	182.3		61.3		148.7		—		392.3
Intercompany payables	445.0		747.3		430.6		(1,622.9)		—
Long-term debt	—		—		0.1		—		0.1
Other long-term liabilities	68.1		79.4		23.0		—		170.5
Liabilities subject to compromise	6,708.9		4,422.2		540.4		(8,012.5)		3,659.0
Total liabilities	8,200.3		5,312.3		1,197.2		(9,635.4)		5,074.4
Stockholder’s (deficiency) equity	(2,360.9)		413.4		692.3		(1,080.9)		(2,336.1)
Total liabilities and stockholder’s (deficiency) equity	$	5,839.4	$	5,725.7	$	1,889.5	$	(10,716.3)	$	2,738.3


Products Corporation and Subsidiaries Condensed Consolidating Balance Sheets
As of December 31, 2021
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated

ASSETS
Cash and cash equivalents	$	4.0	$	2.1	$	96.3	$	—	$	102.4
Trade receivables, less allowances for doubtful accounts	114.6		102.4		166.8		—		383.8
Inventories, net	129.3		127.9		160.2		—		417.4
Prepaid expenses and other	222.8		5.7		68.3		—		296.8
Intercompany receivables	4,542.8		4,396.2		700.5		(9,639.5)		—
Investment in subsidiaries	1,055.5		(218.9)		—		(836.6)		—
Property, plant and equipment, net	157.6		59.9		79.8		—		297.3
Deferred income taxes	—		7.7		43.9		—		51.6
Goodwill	404.8		30.0		128.0		—		562.8
Intangible assets, net	20.3		170.3		201.6		—		392.2
Other assets	57.7		12.2		27.9		—		97.8
Total assets	$	6,709.4	$	4,695.5	$	1,673.3	$	(10,476.1)	$	2,602.1
LIABILITIES AND STOCKHOLDER’S DEFICIENCY
Short-term borrowings	$	—	$	—	$	0.7	$	—	$	0.7
Current portion of long-term debt	137.1		—		0.1		—		137.2
Accounts payable	89.8		42.1		85.8		—		217.7
Accrued expenses and other	161.9		84.9		185.3		—		432.1
Intercompany payables	4,737.2		4,045.5		856.5		(9,639.2)		—
Long-term debt	3,234.1		—		71.4		—		3,305.5
Other long-term liabilities	176.8		115.7		73.6		—		366.1

Total liabilities	8,536.9		4,288.2		1,273.4		(9,639.2)		4,459.3
Stockholder’s (deficiency) equity	(1,827.5)		407.3		399.9		(836.9)		(1,857.2)
Total liabilities and stockholder’s (deficiency) equity	$	6,709.4	$	4,695.5	$	1,673.3	$	(10,476.1)	$	2,602.1



Products Corporation and Subsidiaries Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income
Three Months Ended September 30, 2022
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net Sales	$	102.3	$	113.7	$	252.4	$	—	$	468.4
Cost of sales	48.6		58.7		100.2		—		207.5
Gross profit	53.7		55.0		152.2		—		260.9
Selling, general and administrative expenses	85.2		52.1		109.1		—		246.4
Acquisition and integration costs	0.2		—		—		—		0.2
Restructuring charges and other, net	(2.0)		0.2		1.1		—		(0.7)
Impairment charges	—		—		—		—		—
(Gain) loss on divested assets	—		—		—		—		—
Operating (loss) income	(29.7)		2.7		42.0		—		15.0
Other (income) expense:
Intercompany interest, net	(4.0)		(0.3)		4.3		—		—
Interest expense, net	56.2		—		—		—		56.2
Amortization of debt issuance costs	—		—		—		—		—

Foreign currency losses (gains), net	5.0		(0.2)		14.6		—		19.4
Miscellaneous, net	(10.3)		9.1		5.5		—		4.3
Reorganization items, net	86.6		(1.6)		—		—		85.0
Other expense (income), net	133.5		7.0		24.4		—		164.9
(Loss) income from continuing operations before income taxes	(163.2)		(4.3)		17.6		—		(149.9)
(Benefit from) provision for income taxes	—		0.1		2.7		—		2.8
(Loss) income from continuing operations, net of taxes	(163.2)		(4.4)		14.9		—		(152.7)

Equity in income (loss) of subsidiaries	16.3		(1.4)		—		(14.9)		—
Net (loss) income	$	(146.9)	$	(5.8)	$	14.9	$	(14.9)	$	(152.7)
Other comprehensive income (loss)	(3.3)		8.7		(9.6)		0.9		(3.3)
Total comprehensive (loss) income	$	(150.2)	$	2.9	$	5.3	$	(14.0)	$	(156.0)



Products Corporation and Subsidiaries Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income
Three Months Ended September 30, 2021
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net Sales	$	103.1	$	162.2	$	255.8	$	—	$	521.1
Cost of sales	56.7		72.4		92.1		—		221.2
Gross profit	46.4		89.8		163.7		—		299.9
Selling, general and administrative expenses	74.0		65.9		114.6		—		254.5
Acquisition and integration costs	0.6		—		—		—		0.6
Restructuring charges and other, net	6.7		0.3		2.0		—		9.0
Impairment charges	—		—		—		—		—
Gain on divested assets	0.1		—		—		—		0.1
Operating (loss) income	(35.0)		23.6		47.1		—		35.7
Other (income) expense:
Intercompany interest, net	(3.1)		0.7		2.4		—		—
Interest expense	58.7		—		4.4		—		63.1
Amortization of debt issuance costs	8.7		—		—		—		8.7

Foreign currency losses (gains), net	—		0.6		9.3		—		9.9
Miscellaneous, net	194.4		(115.1)		(79.2)		—		0.1

Other expense (income), net	258.7		(113.8)		(63.1)		—		81.8
(Loss) income from continuing operations before income taxes	(293.7)		137.4		110.2		—		(46.1)
(Benefit from) provision for income taxes	—		3.2		2.3		—		5.5
(Loss) income from continuing operations, net of taxes	(293.7)		134.2		107.9		—		(51.6)

Equity in income (loss) of subsidiaries	243.9		92.5		—		(336.4)		—
Net (loss) income	$	(49.8)	$	226.7	$	107.9	$	(336.4)	$	(51.6)
Other comprehensive income (loss)	2.9		3.9		(2.5)		(1.4)		2.9
Total comprehensive (loss) income	$	(46.9)	$	230.6	$	105.4	$	(337.8)	$	(48.7)



Products Corporation and Subsidiaries Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income
Nine Months Ended September 30, 2022
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net Sales	$	326.6	$	329.9	$	734.1	$	—	$	1,390.6
Cost of sales	160.2		156.7		278.9		—		595.8
Gross profit	166.4		173.2		455.2		—		794.8
Selling, general and administrative expenses	279.0		154.5		318.7		—		752.2
Acquisition, integration and divestiture costs	0.6		—		0.1		—		0.7
Restructuring charges and other, net	2.0		0.4		1.9		—		4.3
Impairment charges	18.3		1.5		4.5		—		24.3
(Gain) loss on divested assets	—		—		—		—		—
Operating (loss) income	(133.5)		16.8		130.0		—		13.3
Other (income) expense:
Intercompany interest, net	(6.7)		0.7		6.0		—		—
Interest expense	170.0		—		5.8		—		175.8
Amortization of debt issuance costs	20.9		—		—		—		20.9

Foreign currency losses, net	14.6		0.1		26.7		—		41.4
Miscellaneous, net	31.4		(14.2)		(2.8)		—		14.4
Reorganization items, net	240.6		2.7		—		—		243.3
Other expense (income), net	470.8		(10.7)		35.7		—		495.8
(Loss) income from operations before income taxes	(604.3)		27.5		94.3		—		(482.5)
Provision for (benefit from) for income taxes	—		5.0		7.1		—		12.1
(Loss) income from operations, net of taxes	(604.3)		22.5		87.2		—		(494.6)

Equity in income (loss) of subsidiaries	123.2		(8.9)		—		(114.3)		—
Net (loss) income	$	(481.1)	$	13.6	$	87.2	$	(114.3)	$	(494.6)
Other comprehensive (loss) income	0.4		29.6		(7.9)		(21.7)		0.4
Total comprehensive (loss) income	$	(480.7)	$	43.2	$	79.3	$	(136.0)	$	(494.2)


Products Corporation and Subsidiaries Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income
Nine Months Ended September 30, 2021
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net Sales	$	311.6	$	411.6	$	740.3	$	—	$	1,463.5
Cost of sales	155.4		182.8		270.5		—		608.7
Gross profit	156.2		228.8		469.8		—		854.8
Selling, general and administrative expenses	262.8		178.9		350.0		—		791.7
Acquisition, integration and divestiture costs	1.7		—		0.1		—		1.8
Restructuring charges and other, net	13.5		2.5		6.8		—		22.8
Impairment charges	—		—		—		—		—
Loss on divested assets	(1.7)		—		—		—		(1.7)
Operating (loss) income	(120.1)		47.4		112.9		—		40.2
Other (income) expenses:
Intercompany interest, net	(3.9)		1.9		2.0		—		—
Interest expense	178.4		—		5.5		—		183.9
Amortization of debt issuance costs	30.7		—		—		—		30.7

Foreign currency losses, net	(0.2)		(0.3)		12.0		—		11.5
Miscellaneous, net	231.1		(126.9)		(101.4)		—		2.8

Other expense (income), net	436.1		(125.3)		(81.9)		—		228.9
Loss from operations before income taxes	(556.2)		172.7		194.8		—		(188.7)
Provision for (benefit from) income taxes	—		4.6		19.3		—		23.9
(Loss) income from operations, net of taxes	(556.2)		168.1		175.5		—		(212.6)

Equity in (loss) income of subsidiaries	353.9		102.2		—		(456.1)		—
Net (loss) income	$	(202.3)	$	270.3	$	175.5	$	(456.1)	$	(212.6)
Other comprehensive (loss) income	4.5		8.1		—		(8.1)		4.5
Total comprehensive (loss) income	$	(197.8)	$	278.4	$	175.5	$	(464.2)	$	(208.1)


Products Corporation and Subsidiaries Condensed Consolidating Statements of Cash Flows
Nine Months Ended September 30, 2022
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash (used in) provided by operating activities	$	(449.6)	$	253.0	$	(54.4)	$	—	$	(251.0)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash (used in) provided by investing activities	(3.8)		(1.1)		(3.2)		—		(8.1)



CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in short-term borrowings and overdraft	—		(0.6)		—		—		(0.6)
Borrowings on term loans	—		—		—		—		—

Repayments on term loans	(13.6)		—		(75.0)		—		(88.6)
Net (repayments) borrowings under the revolving credit facilities	(0.6)		—		—		—		(0.6)


Borrowings on DIP Term Loan Facility	575.0								575.0
Repayments on Tranche A DIP ABL Facility	(67.2)								(67.2)
Payment of financing costs	(18.8)		—		—		—		(18.8)
Tax withholdings related to net share settlements of restricted stock and RSUs	(3.3)		—		—		—		(3.3)
Other financing activities	(0.1)		(0.1)		—		—		(0.2)
Net cash provided by (used in) financing activities	471.4		(0.7)		(75.0)		—		395.7
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(15.7)		(97.4)		105.8		—		(7.3)
Net increase (decrease) in cash, cash equivalents and restricted cash	2.3		153.8		(26.8)		—		129.3
Cash, cash equivalents and restricted cash at beginning of period	$	4.0	$	2.1	$	114.8	$	—	$	120.9
Cash, cash equivalents and restricted cash at end of period	$	6.3	$	155.9	$	88.0	$	—	$	250.2


Products Corporation and Subsidiaries Condensed Consolidating Statements of Cash Flows
Nine Months Ended September 30, 2021
	Products Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash (used in) provided by operating activities	$	(418.6)	$	57.7	$	274.2	$	—	$	(86.7)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash (used in) provided by investing activities	(1.9)		(0.8)		(1.5)		—		(4.2)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in short-term borrowings and overdraft	(4.5)		(5.6)		(2.4)		—		(12.5)
Borrowings on term loans	305.0		—		—		—		305.0
Repayments on Term Loans	(186.7)		—		—		—		(186.7)
Net (repayments) borrowings under the revolving credit facilities	(2.7)		—		—		—		(2.7)
Borrowings on DIP Term Loan Facility	—		—		—		—		—
Repayments on Tranche A DIP ABL Facility	—		—		—		—		—
Payments of financing costs	(17.9)		—		—		—		(17.9)
Tax withholdings related to net share settlements of restricted stock and RSUs	(2.4)		—		—		—		(2.4)
Other financing activities	(0.2)		(0.1)		—		—		(0.3)
Net cash provided by (used in) financing activities	90.6		(5.7)		(2.4)		—		82.5
Effect of exchange rate changes on cash, cash equivalents and restricted cash	349.5		(57.8)		(294.1)		—		(2.4)
Net increase (decrease) in cash, cash equivalents and restricted cash	19.6		(6.6)		(23.8)		—		(10.8)
Cash, cash equivalents and restricted cash at beginning of period	$	6.5	$	7.8	$	88.2	$	—	$	102.5
Cash, cash equivalents and restricted cash at end of period	$	26.1	$	1.2	$	64.4	$	—	$	91.7

FAIR VALUE MEASUREMENTS

9 Months Ended

Sep. 30, 2022

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 September 30, 2022 and December 31, 2021, the Company did not have any financial assets and liabilities that were required to be measured at fair value.

As of September 30, 2022, the fair value and carrying value of the Company’s debt are categorized in the table below:


	September 30, 2022
	Fair Value
	Level 1		Level 2		Level 3		Total		Carrying Value
Liabilities:
Long-term debt, including current portion	$	—	$	762.8	$	—	$	762.8	$	747.0
Debt subject to compromise	—		1,999.3		—		1,999.3		3,277.3

As of December 31, 2021, the fair value and carrying value of the Company’s debt are categorized in the table below:


	December 31, 2021
	Fair Value
	Level 1		Level 2		Level 3		Total		Carrying Value
Liabilities:
Long-term debt, including current portion(a)	$	—	$	2,864.0	$	—	$	2,864.0	$	3,442.7

(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.

- Definition

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

+ References + Details

CONTINGENCIES (Details) $ in Millions	9 Months Ended
CONTINGENCIES (Details) $ in Millions	Sep. 30, 2022 USD ($)
Pending litigation
Gain Contingencies [Line Items]
Damages sought	$ 504

PENSION AND POST-RETIREMENT BENEFITS

9 Months Ended

Sep. 30, 2022

Retirement Benefits [Abstract]

PENSION AND POST-RETIREMENT BENEFITS

Net Periodic Benefit Cost

The components of net periodic benefit costs for the Company's pension and the other post-retirement benefit plans for the three months ended September 30, 2022 and 2021, respectively, were as follows:



	Pension Plans				Other Post-Retirement Benefit Plans
	Three Months Ended September 30,
	2022		2021		2022		2021
Net periodic benefit costs:
Service cost	$	0.3	$	0.4	$	—	$	—
Interest cost	2.9		2.3		0.1		—
Expected return on plan assets	(4.8)		(4.9)		$	—	—
Amortization of actuarial loss	2.7		3.3		0.1		0.2

Total net periodic benefit costs prior to allocation	$	1.1	$	1.1	$	0.2	$	0.2
Portion allocated to Revlon Holdings	—		—		—		—
Total net periodic benefit costs	$	1.1	$	1.1	$	0.2	$	0.2

During the three months ended September 30, 2022, the Company recognized net periodic benefit cost of $1.3 million, compared to net periodic benefit cost of $1.3 million in the three months ended September 30, 2021.

The components of net periodic benefit costs for the Company's pension and the other post-retirement benefit plans for the nine months ended September 30, 2022 and 2021, respectively, were as follows:


	Pension Plans				Other Post-Retirement Benefit Plans
	Nine Months Ended September 30,
	2022		2021		2022		2021
Net periodic benefit costs:
Service cost	$	0.9	$	1.1	$	—	$	—
Interest cost	8.6		6.9		0.2		0.1
Expected return on plan assets	(14.5)		(14.8)		—		—
Amortization of actuarial loss	8.3		9.9		0.2		0.5

Total net periodic benefit costs prior to allocation	$	3.3	$	3.1	$	0.4	$	0.6
Portion allocated to Revlon Holdings	—		(0.1)		—		—
Total net periodic benefit costs	$	3.3	$	3.0	$	0.4	$	0.6

During the nine months ended September 30, 2022 and 2021, the Company recognized net periodic benefit cost of $3.7 million and $3.6 million, respectively.

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net periodic benefit costs:

Selling, general and administrative expense	$	0.3	$	0.4	$	0.9	$	1.1
Miscellaneous, net	1.0		0.9		2.8		2.5
Total net periodic benefit costs	$	1.3	$	1.3	$	3.7	$	3.6

The Company expects that it will have net periodic benefit cost of approximately $4.5 million for its pension and other post-retirement benefit plans during 2022, compared with net periodic benefit cost of $4.8 million in 2021.

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 three months ended September 30, 2022, $0.4 million and $0.2 million were contributed to the Company's pension plans and other post-retirement benefit plans, respectively. During the nine months ended September 30, 2022, $3.9 million and $0.5 million were contributed to the Company's pension plans and other post-retirement benefit plans, respectively. During 2022, the Company expects to contribute approximately $4.8 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 from the original due date to the actual payment date. The Company paid the contributions by the due date.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 55
-Paragraph 17
-URI https://asc.fasb.org/extlink&oid=123450688&loc=d3e4179-114921

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section S99
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=21916913&loc=d3e273930-122802

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Paragraph 1
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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+ Details

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) claim in Thousands		3 Months Ended
	Nov. 03, 2022 USD ($) claim	Sep. 30, 2022 USD ($)	Jun. 17, 2022 USD ($)	Jun. 16, 2022 USD ($)	Dec. 31, 2021 USD ($)
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Aggregate maximum value of Target Awards eligible to be made under KEIP		$ 29,000,000
KEIP payment period		18 years
KERP payment period		18 years
Aggregate expected payments to be made under KERP		$ 15,400,000
Liquidity position		273,400,000
Cash and cash equivalents		246,400,000			$ 102,400,000
Outstanding borrowings		747,000,000.0			3,442,700,000
Outstanding checks		$ 2,600,000
Minimum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Amount eligible to earn as a percentage of the Target Award in 2022 under KEIP		50.00%
Amount eligible to earn as a percentage of the Target Award in 2023 under KEIP		50.00%
Aggregate expected payments of Actual Awards eligible to be made under KEIP		$ 0
Maximum
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Amount eligible to earn as a percentage of the Target Award in 2022 under KEIP		100.00%
Amount eligible to earn as a percentage of the Target Award in 2023 under KEIP		150.00%
Aggregate expected payments of Actual Awards eligible to be made under KEIP		$ 36,000,000
Subsequent event
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Number of claims filed \| claim	5
Amount of claims filed	$ 22,600,000,000
Debtors
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Cash and cash equivalents		168,500,000			17,900,000
Foreign subsidiaries
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Cash and cash equivalents		87,400,000
Revlon Consumer Products Corporation
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Cash and cash equivalents		246,400,000			102,400,000
2016 Term Loan Facility
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Aggregate principal amount outstanding				$ 872,400,000
Outstanding borrowings					867,900,000
Amended 2016 Revolving Credit Agreement \| Revolving credit facility
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Aggregate principal amount outstanding				289,000,000
Tranche A revolving loans
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Outstanding borrowings					108,000,000.0
Tranche A revolving loans \| Revolving credit facility
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Aggregate principal amount outstanding				109,000,000
2020 ABL FILO Term Loans
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Outstanding borrowings					50,000,000.0
2020 ABL FILO Term Loans \| Revolving credit facility
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Aggregate principal amount outstanding				50,000,000
2020 ABL FILO Term Loans \| Revolving credit facility \| Revlon Consumer Products Corporation
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Remaining borrowing capacity		$ 0
SISO Term Loan Facility
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Aggregate principal amount outstanding				130,000,000
Outstanding borrowings					126,200,000
2020 BrandCo Term Loan Facility due 2025
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Aggregate principal amount outstanding				1,878,000,000
Outstanding borrowings					1,749,700,000
6.25% Senior Notes due 2024
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Aggregate principal amount outstanding				$ 431,300,000
Stated interest rate (as a percent)		6.25%
Outstanding borrowings					426,900,000
6.25% Senior Notes due 2024 \| Revlon Consumer Products Corporation
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Stated interest rate (as a percent)		6.25%
DIP ABL Facility \| Revolving credit facility
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Outstanding borrowings		$ 41,800,000
DIP ABL Facility \| Revolving credit facility \| Revlon Consumer Products Corporation \| Debtors
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Debtor-in-Possession financing, amount arranged			$ 400,000,000
DIP Term Loan Facility
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Outstanding borrowings		575,000,000.0			0
DIP Term Loan Facility \| Revlon Consumer Products Corporation \| Debtors
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Debtor-in-Possession financing, amount arranged			1,025,000,000
Debtor-in-Possession financing, committed amount arranged			575,000,000
Tranche A DIP ABL Facility due 2023
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Outstanding borrowings		41,800,000			$ 0
Tranche A DIP ABL Facility due 2023 \| Revolving credit facility
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Remaining borrowing capacity		29,600,000
Tranche A DIP ABL Facility due 2023 \| Revolving credit facility \| Revlon Consumer Products Corporation
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Remaining borrowing capacity		$ 29,600,000
Tranche A DIP ABL Facility due 2023 \| Revolving credit facility \| Revlon Consumer Products Corporation \| Debtors
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Debtor-in-Possession financing, amount arranged			$ 270,000,000

CONDENSED CONSOLIDATION DEBTOR-IN-POSSESSION FINANCIAL INFORMATION (Tables)

9 Months Ended

Sep. 30, 2022

Reorganizations [Abstract]

Schedule of Condensed Combined Financial Statements of the Debtors

Liabilities subject to compromise at September 30, 2022 consisted of the following:


	September 30,
	2022
Accounts payable	$	89.6
Accrued expenses	141.9
Other liabilities	106.3
Debt subject to compromise	3,277.3

Total liabilities subject to compromise	$	3,615.1


	Three Months Ended		Nine Months Ended
	September 30, 2022		September 30, 2022
Write off of deferred financing costs and discount on debt subject to compromise	$	—	$	124.8
DIP facilities financing costs	2.0		16.8
Professional fees	81.6		96.0
Other	0.4		4.7
Gain on settlement of pre-petition accounts payable	(9.3)		(9.3)
Bankruptcy related employee compensation programs	$	10.3	$	10.3
Reorganization items, net	$	85.0	$	243.3

REVLON, INC. AND SUBSIDIARIES

(DEBTOR-IN-POSSESSION)

CONSOLIDATED BALANCE SHEETS

(dollars in millions, except share and per share amounts)

(Unaudited)


	September 30, 2022		December 31, 2021

ASSETS
Current assets:
Cash and cash equivalents	$	168.5	$	17.9
Trade receivables (net of allowance for doubtful accounts of $0.7 and $2.3, respectively)	188.4		258.7
Trade receivables from non-debtor subsidiaries	453.8		400.4
Inventories, net	292.4		261.8
Prepaid expenses and other assets	171.4		74.5
Total current assets	1,274.5		1,013.3
Property, plant and equipment (net of accumulated depreciation of $433.2 and $426.0, respectively)	185.2		219.4
Deferred income taxes	2.7		17.5
Goodwill	540.0		540.0
Intangible assets (net of accumulated amortization and impairment of $226.3 and $274.4, respectively)	278.7		320.8
Investment in subsidiaries	877.7		874.5
Due from affiliates	254.8		249.8
Other assets	75.3		74.8
Total assets	$	3,488.9	$	3,310.1

LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Current liabilities:
Short-term borrowings	$	—	$	—
Current portion of long-term debt	746.8		137.1
Accounts payable	52.6		134.7
Accounts payable to non-debtors	7.9		234.5
Accrued expenses and other current liabilities	231.2		267.1
Total current liabilities	$	1,038.5	$	773.4
Long-term debt	—		3,234.2
Long-term pension and other post-retirement plan liabilities	79.8		141.3
Other long-term liabilities	7.8		337.9
Liabilities subject to compromise	4,098.4		—
Total liabilities	5,224.5		4,486.8
Stockholder’s (deficiency) equity	(1,735.6)		(1,176.7)
Total liabilities and stockholders’ deficiency	$	3,488.9	$	3,310.1

REVLON, INC. AND SUBSIDIARIES

(DEBTOR-IN-POSSESSION)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(dollars in millions, except share and per share amounts)

(Unaudited)


	Three Months Ended September 30,				Nine Months Ended September 30,

	2022		2021		2022		2021

Net sales	$	249.7	$	305.8	$	744.0	$	819.9
Cost of sales	122.1		144.2		355.7		376.2
Gross profit	127.6		161.6		388.3		443.7
Selling, general and administrative expenses	161.9		156.7		486.8		487.1
Acquisition, integration and divestiture costs	0.2		0.6		0.6		1.8
Restructuring charges and other, net	(1.7)		7.1		2.5		17.1
Impairment charges	—		—		20.5		—

Operating income (loss)	(32.8)		(2.8)		(122.1)		(62.3)
Other expenses:
Interest expense, net	51.4		56.3		163.5		176.4

Amortization of debt issuance costs	—		8.7		16.8		29.9

Foreign currency losses, net	5.1		1.9		14.5		(0.8)
Miscellaneous, net	2.4		(324.2)		9.7		(321.4)
Reorganization items, net	85.0		—		243.3		—
Equity in net loss of subsidiary	(30.8)		(34.1)		(53.9)		(47.3)
Other expenses	113.1		(291.4)		393.9		(163.2)
Loss from operations before income taxes	(145.9)		288.6		(516.0)		100.9
Provision for income taxes	0.9		7.6		13.8		9.7


Net loss	$	(146.8)	$	281.0	$	(529.8)	$	91.2
Other comprehensive income, net	4.1		4.5		4.4		4.1
Total comprehensive loss	$	(142.7)	$	285.5	$	(525.4)	$	95.3

REVLON, INC. AND SUBSIDIARIES

(DEBTOR-IN-POSSESSION)

CONSOLIDATED STATEMENTS OF CASH FLOWS

(dollars in millions)

(Unaudited)


	Nine Months Ended September 30,
	2022		2021
CASH FLOWS FROM OPERATING ACTIVITIES:


























Net cash used in operating activities	(310.9)		30.2
CASH FLOWS FROM INVESTING ACTIVITIES:




Net cash used in investing activities	(5.4)		(4.4)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in short-term borrowings and overdraft	(0.7)		(10.6)
Borrowings on term loans	—		230.0
Repayments on term loans	(13.6)		(127.8)


Net (repayments) borrowings under the revolving credit facilities	(0.6)		(2.7)
Borrowings on DIP Term Loan Facility	575.0		—
Repayments on Tranche A DIP ABL Facility	(67.2)		—





Payment of financing costs	(18.8)		(13.7)

Tax withholdings related to net share settlements of restricted stock and RSUs	(3.3)		(2.4)

Cash transfer to non-debtor affiliates	—		(97.5)
Other financing activities	(0.2)		(0.3)
Net cash provided by financing activities	470.6		(25.0)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(1.0)		(0.1)
Net increase in cash, cash equivalents and restricted cash	153.3		0.7
Cash, cash equivalents and restricted cash at beginning of period	17.9		10.8
Cash, cash equivalents and restricted cash at end of period (a)	$	171.2	$	11.5

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

3 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2022

Jun. 30, 2022

Mar. 31, 2022

Sep. 30, 2021

Jun. 30, 2021

Mar. 31, 2021

Sep. 30, 2022

Sep. 30, 2021

Dec. 31, 2021

Condensed Income Statements, Captions [Line Items]

Net sales

$ 468.4

$ 521.1

$ 1,390.6

$ 1,463.5

Cost of sales

207.5

221.2

595.8

608.7

Gross profit

260.9

299.9

794.8

854.8

Selling, general and administrative expenses

248.5

256.1

758.4

796.0

Acquisition, integration and divestiture costs

0.2

0.6

0.7

1.8

Restructuring charges and other, net

(0.7)

9.0

4.3

22.8

Impairment charges

0.0

24.3

0.0

$ 0.0

(Gain) loss on divested assets

0.0

0.1

0.0

(1.7)

Operating income (loss)

12.9

34.1

7.1

35.9

Other (income) expense:

Interest Expense

56.2

63.1

175.8

183.9

Amortization of debt issuance costs

0.0

8.7

20.9

30.7

Foreign currency losses (gains), net

19.4

9.9

41.4

11.5

Miscellaneous, net

2.3

0.1

9.0

2.8

Reorganization items, net

85.0

0.0

243.3

0.0

Other expense (income), net

162.9

81.8

490.4

228.9

(Loss) income from operations before income taxes

(150.0)

(47.7)

(483.3)

(193.0)

Provision for (benefit from) for income taxes

2.8

5.4

12.1

23.8

Net (loss) income

(152.8)

$ (275.6)

$ (67.0)

(53.1)

$ (67.7)

$ (96.0)

(495.4)

(216.8)

Other comprehensive (loss) income

(3.3)

^[1]

(0.2)

^[1]

3.9

^[1]

2.9

^[1]

3.0

^[1]

(1.4)

^[1]

0.4

4.5

Total comprehensive (loss) income

(156.1)

(50.2)

(495.0)

(212.3)

Revlon Consumer Products Corporation

Condensed Income Statements, Captions [Line Items]

Net sales

468.4

521.1

1,390.6

1,463.5

Cost of sales

207.5

221.2

595.8

608.7

Gross profit

260.9

299.9

794.8

854.8

Selling, general and administrative expenses

246.4

254.5

752.2

791.7

Acquisition, integration and divestiture costs

0.2

0.6

0.7

1.8

Restructuring charges and other, net

(0.7)

9.0

4.3

22.8

Impairment charges

0.0

24.3

0.0

(Gain) loss on divested assets

0.0

0.1

0.0

(1.7)

Operating income (loss)

15.0

35.7

13.3

40.2

Other (income) expense:

Intercompany interest, net

0.0

Interest Expense

56.2

63.1

175.8

183.9

Amortization of debt issuance costs

0.0

8.7

20.9

30.7

Foreign currency losses (gains), net

19.4

9.9

41.4

11.5

Miscellaneous, net

4.3

0.1

14.4

2.8

Reorganization items, net

85.0

0.0

243.3

0.0

Other expense (income), net

164.9

81.8

495.8

228.9

(Loss) income from operations before income taxes

(149.9)

(46.1)

(482.5)

(188.7)

Provision for (benefit from) for income taxes

2.8

5.5

12.1

23.9

(Loss) income from continuing operations, net of taxes

(152.7)

(51.6)

(494.6)

(212.6)

Equity in income (loss) of subsidiaries

0.0

Net (loss) income

(152.7)

(273.7)

(68.2)

(51.6)

(66.1)

(94.9)

(494.6)

(212.6)

Other comprehensive (loss) income

(3.3)

^[2]

$ (0.2)

^[2]

$ 3.9

^[2]

2.9

^[2]

$ 3.0

^[2]

$ (1.4)

^[2]

0.4

4.5

Total comprehensive (loss) income

(156.0)

(48.7)

(494.2)

(208.1)

Revlon Consumer Products Corporation | Eliminations

Condensed Income Statements, Captions [Line Items]

Net sales

0.0

Cost of sales

0.0

Gross profit

0.0

Selling, general and administrative expenses

0.0

Acquisition, integration and divestiture costs

0.0

Restructuring charges and other, net

0.0

Impairment charges

0.0

(Gain) loss on divested assets

0.0

Operating income (loss)

0.0

Other (income) expense:

Intercompany interest, net

0.0

Interest Expense

0.0

Amortization of debt issuance costs

0.0

Foreign currency losses (gains), net

0.0

Miscellaneous, net

0.0

Reorganization items, net

0.0

Other expense (income), net

0.0

(Loss) income from operations before income taxes

0.0

Provision for (benefit from) for income taxes

0.0

(Loss) income from continuing operations, net of taxes

0.0

Equity in income (loss) of subsidiaries

(14.9)

(336.4)

(114.3)

(456.1)

Net (loss) income

(14.9)

(336.4)

(114.3)

(456.1)

Other comprehensive (loss) income

0.9

(1.4)

(21.7)

(8.1)

Total comprehensive (loss) income

(14.0)

(337.8)

(136.0)

(464.2)

Revlon Consumer Products Corporation | Products Corporation | Reportable Legal Entities

Condensed Income Statements, Captions [Line Items]

Net sales

102.3

103.1

326.6

311.6

Cost of sales

48.6

56.7

160.2

155.4

Gross profit

53.7

46.4

166.4

156.2

Selling, general and administrative expenses

85.2

74.0

279.0

262.8

Acquisition, integration and divestiture costs

0.2

0.6

1.7

Restructuring charges and other, net

(2.0)

6.7

2.0

13.5

Impairment charges

0.0

18.3

0.0

(Gain) loss on divested assets

0.0

0.1

0.0

(1.7)

Operating income (loss)

(29.7)

(35.0)

(133.5)

(120.1)

Other (income) expense:

Intercompany interest, net

(4.0)

(3.1)

(6.7)

(3.9)

Interest Expense

56.2

58.7

170.0

178.4

Amortization of debt issuance costs

0.0

8.7

20.9

30.7

Foreign currency losses (gains), net

5.0

0.0

14.6

(0.2)

Miscellaneous, net

(10.3)

194.4

31.4

231.1

Reorganization items, net

86.6

240.6

Other expense (income), net

133.5

258.7

470.8

436.1

(Loss) income from operations before income taxes

(163.2)

(293.7)

(604.3)

(556.2)

Provision for (benefit from) for income taxes

0.0

(Loss) income from continuing operations, net of taxes

(163.2)

(293.7)

(604.3)

(556.2)

Equity in income (loss) of subsidiaries

16.3

243.9

123.2

353.9

Net (loss) income

(146.9)

(49.8)

(481.1)

(202.3)

Other comprehensive (loss) income

(3.3)

2.9

0.4

4.5

Total comprehensive (loss) income

(150.2)

(46.9)

(480.7)

(197.8)

Revlon Consumer Products Corporation | Guarantor Subsidiaries | Reportable Legal Entities

Condensed Income Statements, Captions [Line Items]

Net sales

113.7

162.2

329.9

411.6

Cost of sales

58.7

72.4

156.7

182.8

Gross profit

55.0

89.8

173.2

228.8

Selling, general and administrative expenses

52.1

65.9

154.5

178.9

Acquisition, integration and divestiture costs

0.0

Restructuring charges and other, net

0.2

0.3

0.4

2.5

Impairment charges

0.0

1.5

0.0

(Gain) loss on divested assets

0.0

Operating income (loss)

2.7

23.6

16.8

47.4

Other (income) expense:

Intercompany interest, net

(0.3)

0.7

1.9

Interest Expense

0.0

Amortization of debt issuance costs

0.0

Foreign currency losses (gains), net

(0.2)

0.6

0.1

(0.3)

Miscellaneous, net

9.1

(115.1)

(14.2)

(126.9)

Reorganization items, net

(1.6)

2.7

Other expense (income), net

7.0

(113.8)

(10.7)

(125.3)

(Loss) income from operations before income taxes

(4.3)

137.4

27.5

172.7

Provision for (benefit from) for income taxes

0.1

3.2

5.0

4.6

(Loss) income from continuing operations, net of taxes

(4.4)

134.2

22.5

168.1

Equity in income (loss) of subsidiaries

(1.4)

92.5

(8.9)

102.2

Net (loss) income

(5.8)

226.7

13.6

270.3

Other comprehensive (loss) income

8.7

3.9

29.6

8.1

Total comprehensive (loss) income

2.9

230.6

43.2

278.4

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

Condensed Income Statements, Captions [Line Items]

Net sales

252.4

255.8

734.1

740.3

Cost of sales

100.2

92.1

278.9

270.5

Gross profit

152.2

163.7

455.2

469.8

Selling, general and administrative expenses

109.1

114.6

318.7

350.0

Acquisition, integration and divestiture costs

0.0

0.1

Restructuring charges and other, net

1.1

2.0

1.9

6.8

Impairment charges

0.0

4.5

0.0

(Gain) loss on divested assets

0.0

Operating income (loss)

42.0

47.1

130.0

112.9

Other (income) expense:

Intercompany interest, net

4.3

2.4

6.0

2.0

Interest Expense

0.0

4.4

5.8

5.5

Amortization of debt issuance costs

0.0

Foreign currency losses (gains), net

14.6

9.3

26.7

12.0

Miscellaneous, net

5.5

(79.2)

(2.8)

(101.4)

Reorganization items, net

0.0

Other expense (income), net

24.4

(63.1)

35.7

(81.9)

(Loss) income from operations before income taxes

17.6

110.2

94.3

194.8

Provision for (benefit from) for income taxes

2.7

2.3

7.1

19.3

(Loss) income from continuing operations, net of taxes

14.9

107.9

87.2

175.5

Equity in income (loss) of subsidiaries

0.0

Net (loss) income

14.9

107.9

87.2

175.5

Other comprehensive (loss) income

(9.6)

(2.5)

(7.9)

0.0

Total comprehensive (loss) income

$ 5.3

$ 105.4

$ 79.3

$ 175.5

[1]	See Note 13, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the nine months ended September 30, 2022 and 2021, respectively.
[2]	See Note 13, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the nine months ended September 30, 2022 and 2021, respectively.

DEBT

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

DEBT

The table below details the Company's debt balances, net of discounts and debt issuance costs.


	September 30,		December 31,
	2022		2021
Debt
DIP Term Loan Facility due 2023 (a)	$	575.0	$	—
SISO DIP ABL Facility due 2023 (a)	130.0		—
Tranche A DIP ABL Facility due 2023 (a)	41.8		—
Spanish Government Loan due 2025	0.2		0.2
2021 Foreign Asset-Based Term Facility due 2024	—		71.2

Amended 2016 Revolving Credit Facility (Tranche A) due 2024	—		108.0
SISO Term Loan Facility due 2024	—		126.2
2020 ABL FILO Term Loans due 2023	—		50.0
2020 Troubled-debt-restructuring: future interest	—		42.6
2020 BrandCo Term Loan Facility due 2025 (b)	—		1,749.7
2016 Term Loan Facility: 2016 Term Loan due 2023 and 2025	—		867.9
6.25% Senior Notes due 2024	—		426.9
Debt	$	747.0	$	3,442.7

Debt subject to compromise


2020 ABL FILO Term Loans due 2023	50.0		—
2020 Troubled-debt-restructuring: future interest	36.0		—
2020 BrandCo Term Loan Facility due 2025 (b)	1,887.6		—
2016 Term Loan Facility: 2016 Term Loan due 2023 and 2025	872.4		—

6.25% Senior Notes due 2024	431.3		—




Debt subject to compromise (b)	$	3,277.3	$	—

Total debt, prior to reclassification to Liabilities subject to compromise	$	4,024.3	$	3,442.7
Less current portion	(746.9)		(137.2)
Less amounts reclassified to Liabilities subject to compromise	(3,277.3)		—
Long-term debt	$	0.1	$	3,305.5

Short-term borrowings (*)	$	0.6	$	0.7

(*)The weighted average interest rate on these short-term borrowings outstanding at September 30, 2022 and December 31, 2021 was 11.4%, respectively.

(a) Debtor-in-Possession Financing

On June 17, 2022, all or certain of the Debtors entered into (i) a superpriority, senior secured and priming debtor-in-possession asset-based revolving credit facility (the “DIP ABL Facility”), evidenced by a term sheet, in the maximum aggregate principal amount of $400 million, with certain financial institutions party thereto as lenders and MidCap Funding IV Trust, as administrative agent and collateral agent, (ii) a superpriority, senior secured and priming debtor-in-possession term loan credit facility (the “DIP Term Loan Facility”), in the aggregate principal amount of $575 million, with certain financial institutions party thereto as lenders and Jefferies Finance, LLC, as administrative agent and collateral agent, and (iii) a superpriority junior secured debtor-in-possession intercompany credit facility (the “Intercompany DIP Facility” and, together with the DIP ABL Facility and the DIP Term Loan Facility, the “DIP Facilities”) with the Debtors that are BrandCos (as defined in the BrandCo Credit Agreement, dated as of May 7, 2020 (as amended, modified or supplemented from time to time, the “BrandCo Credit Agreement”), by and among Products Corporation, the Company, the other loan parties and lenders party thereto and Jefferies

Finance LLC, as administrative agent and each collateral agent) (the “BrandCos”). On June 17, 2022, the Bankruptcy Court approved the DIP Facilities on an interim basis pursuant to the Interim Order for the DIP Facilities (as defined herein) and the closing of these facilities occurred. On June 30, 2022, the Company and Products Corporation entered into that certain Super-Priority Senior Secured Debtor-in-Possession Asset-Based Credit Agreement (the “DIP ABL Credit Agreement”), by and among Products Corporation, as the Borrower, the Company, as Holdings, the lenders party thereto and MidCap Funding IV Trust, as Administrative Agent and Collateral Agent, which evidences the DIP ABL Facility and establishes certain additional terms and conditions that will govern the DIP ABL Facility. On August 2, 2022, the Bankruptcy Court approved the DIP Facilities on a final basis pursuant to the Final Order for the DIP Facilities (as defined herein). Borrowings of $575 million ($375 million was drawn on June 17, 2022 and $200 million was drawn on Aug 3, 2022) under the DIP Term Loan Facility and borrowings under the DIP ABL Facility are being used to, among other things, (i) refinance certain obligations under the Amended 2016 Revolving Credit Agreement and the 2021 Foreign Asset-Based Term Agreement and (y) for general corporate purposes.

The DIP ABL Facility, among other things, provides for (i) an asset-based revolving credit facility in the maximum aggregate amount of $270 million (the “Tranche A DIP ABL Facility”), the initial proceeds of which were used to refinance the Tranche A Revolving Secured Obligations (as defined in the Amended 2016 Revolving Credit Agreement), and (ii) an asset-based term loan facility in the amount of $130 million (the “SISO DIP ABL Facility”), the proceeds of which were used to refinance the SISO Secured Obligations (as defined in the Amended 2016 Revolving Credit Agreement). The remaining proceeds of the DIP ABL Facility will be used for general corporate purposes of the Debtors, including to pay expenses in connection with the Cases, in accordance with the terms of the Final Order (as defined in the DIP ABL Credit Agreement). The borrowing base in respect of the Tranche A DIP ABL Facility is consistent with the borrowing base under the Amended 2016 Revolving Credit Agreement (without giving effect to the accommodation provided for in Amendment No. 9 thereto and subject to an availability reserve of $25 million and a carve-out reserve for certain professional fees) and is subject to certain customary reserves.

The maturity date of the DIP ABL Facility is the earliest of (i) June 17, 2023 (the “Stated Maturity Date”), with an option to extend to the earlier of 180 days after the Stated Maturity Date and the extended maturity date of the DIP Term Loan Facility following the exercise by Products Corporation of its option to extend the maturity date thereunder; (ii) August 2, 2022, if a final order approving the DIP ABL Facility has not been entered by the Court on or before such date; (iii) the effective date of any chapter 11 plan for the reorganization of any Debtor; (iv) the consummation of any sale or other disposition of all or substantially all of the assets of the Debtors pursuant to Bankruptcy Code §363; (v) the date of the acceleration of the DIP ABL Facility and termination of the corresponding commitments in accordance with the definitive documents governing the DIP ABL Facility; (vi) the date the Court orders the conversion of the Cases of any of the Debtors to a chapter 7 liquidation, (vii) the rejection or termination of the BrandCo License Agreements (as defined in the DIP ABL Credit Agreement) and (viii) the dismissal of the Cases of any Debtor without the consent of the holders of more than 50% of the loans and commitments under the Tranche A DIP ABL Facility. The outstanding principal of the DIP ABL Facility is due and payable in full on the maturity date.

The DIP ABL Facility is secured by a perfected (i) first priority priming security interest and lien on substantially all assets of the Debtors (other than the BrandCos and Beautyge I, an exempted company incorporated in the Cayman Islands (“Beautyge I”)) constituting ABL Facility First Priority Collateral (as defined in the Amended 2016 Revolving Credit Agreement), (ii) junior priority priming security interest and lien on substantially all assets of the Debtors (other than the BrandCos and Beautyge I) constituting Term Facility First Priority Collateral (as defined in the Amended 2016 Revolving Credit Agreement), and (iii) security interests and liens on substantially all assets of the Debtors (other than the BrandCos and Beautyge I) that were not, on the Petition Date, subject to valid, unavoidable and perfected security interests and liens, pursuant to Bankruptcy Code §364(c)(2), with the following priority: if such collateral is of the same nature, scope and type as (a) ABL Facility First Priority Collateral, on a first priority basis, and (b) Term Facility First Priority Collateral, on a junior priority basis subject to the liens in favor of the DIP Term Loan Facility, the Intercompany DIP Facility and any adequate protection liens granted to certain of Products Corporation’s secured creditors (the collateral for the DIP ABL Facility, the “Opco DIP Collateral”). The DIP ABL Facility is subject to certain customary and appropriate conditions for financings of similar type.

Loans under the Tranche A DIP ABL Facility bear interest at a rate equal to an adjusted base rate plus 2.50% per annum, and loans under the SISO DIP ABL Facility bear interest at a rate equal to an adjusted base rate plus 4.75% per annum. In addition, the DIP ABL Facility requires payment of the following fees: (i) a closing fee equal to 1.00% of the amount of the commitments in respect of the Tranche A DIP ABL Facility, which was payable upon the closing of the DIP ABL Facility on June 17, 2022; (ii) a collateral management fee equal to 1.00% per annum of the average daily amount of outstanding loans under the Tranche A DIP ABL Facility; (iii) a commitment fee equal to 0.50% per annum of the average daily amount of unused commitments under the Tranche A DIP ABL Facility; and (iv) an exit fee equal to 0.50% of the principal amount of the

commitments in respect of the Tranche A DIP ABL Facility plus the aggregate principal amount of the SISO DIP ABL Facility, payable upon the termination of the DIP ABL Facility.

The DIP ABL Facility is subject to customary affirmative and negative covenants and events of default for postpetition financing of this type, including, without limitation, customary “milestones” for progress in the Cases (including, without limitation, the filing of a disclosure statement to solicit votes on a plan of reorganization and the entry of an order by the Court confirming such plan of reorganization), a covenant requiring Products Corporation to repay loans in the event that Products Corporation and its subsidiaries hold cash and cash equivalents in excess of a specified amount and a covenant requiring that actual receipts, disbursements and net cash flow do not deviate from the amounts set forth in the applicable budget of the Debtors by more than certain specified amounts.

The DIP Term Loan Facility, among other things, provides for a term loan facility in the maximum aggregate amount of $1,025 million, $575 million of which is committed and a portion of the proceeds of which were used to refinance obligations under the 2021 Foreign Asset-Based Term Agreement. The remainder of the proceeds will be used for general corporate purposes of the Debtors, including to pay expenses in connection with the Cases, in accordance with the terms of the Final Order for the DIP Facilities.

The maturity date of the DIP Term Loan Facility is the earliest of (i) June 17, 2023, with an option to extend by up to 180 days at the option of Products Corporation; (ii) August 2, 2022, if a final order approving the DIP Term Loan Facility has not been entered by the Court on or before such date; (iii) the effective date of any chapter 11 plan for the reorganization of any Debtor; (iv) the consummation of any sale or other disposition of all or substantially all of the assets of the Debtors pursuant to Bankruptcy Code §363; and (v) the date of acceleration or termination of the DIP Term Loan Facility in accordance with the definitive documents governing the DIP Term Loan Facility. The outstanding principal of the DIP Term Loan Facility is due and payable in full on the maturity date.

The DIP Term Loan Facility is secured by a perfected (i) first priority priming security interest and lien on the Term Facility First Priority Collateral, (ii) junior priority priming security interest and lien on the ABL Facility First Priority Collateral, (iii) a first priority security interest and lien on substantially all the assets of the BrandCos and Beautyge I, and (iv) security interests and liens on substantially all assets of the Debtors that were not, on the Petition Date, subject to valid, unavoidable and perfected security interests and liens, pursuant to Bankruptcy Code §364(c)(2), with the following priority: if such collateral is of the same nature, scope and type as (a) Term Facility First Priority Collateral, on a first priority basis, and (b) ABL Facility First Priority Collateral, on a junior priority priming basis subject to the liens in favor of the DIP ABL Facility and any adequate protection liens granted to certain of Products Corporation’s secured creditors. In addition, the DIP Term Loan Facility is guaranteed by the obligors under, and secured by substantially the same assets that secured, the 2021 Foreign Asset-Based Term Facility. The DIP Term Loan Facility includes certain customary and appropriate conditions for financings of similar type.

Loans under the DIP Term Loan Facility bear interest at a rate equal to, at the option of Products Corporation, the secured overnight financing rate plus 7.75% per annum or an adjusted base rate plus 6.75% per annum. In addition, the DIP Term Loan Facility provides for the following discounts and premiums: (i) an upfront discount equal to 1.00% of the amount of each borrowing thereunder, payable at the time of such borrowing; (ii) a backstop premium equal to 1.50% of the total commitments under the DIP Term Loan Facility, which was payable upon the closing of the DIP Term Loan Facility on June 17, 2022; (iii) a maturity extension premium equal to 0.50% of the amounts of the loans and commitments outstanding at the time of such extension, payable in the event the maturity date of the DIP Term Loan Facility is extended as described above; and (iv) a repayment premium equal to 1.00% of the principal amount of any loans under the DIP Term Loan Facility that are repaid, payable at the time of such repayment.

The DIP Term Loan Facility is subject to customary affirmative and negative covenants and events of default for postpetition financings of this type, including, without limitation, customary “milestones” for progress in the Cases (including, without limitation, the filing of a disclosure statement to solicit votes on a plan of reorganization and the entry of an order by the Court confirming such plan of reorganization), a covenant to maintain minimum liquidity and a covenant requiring that actual receipts, disbursements and net cash flow do not deviate from the amounts set forth in the applicable budget of the Debtors by more than certain specified amounts.

Pursuant to the Intercompany DIP Facility, term loans are automatically deemed to be provided by the BrandCos to Products Corporation in the amount of, and in satisfaction of the obligation of Products Corporation to pay, amounts payable from time to time by Products Corporation to the BrandCos under the BrandCo License Agreements. The loans under the Intercompany DIP Facility are secured by a fully perfected security interest and lien on all of the Opco DIP Collateral,

immediately junior to the liens and security interests on the Opco DIP Collateral securing the DIP Term Loan Facility. The loans under the Intercompany DIP Facility (i) bear interest at a rate equal to an adjusted base rate plus 6.75%, which interest is payable in kind, and (ii) mature on the maturity date of the DIP Term Loan Facility.

The foregoing description of the DIP Facilities does not purport to be complete and is qualified in its entirety by reference to (i) the Super-Priority Senior Secured Debtor-in-Possession Asset-Based Credit Agreement, dated as of June 30, 2022, by and among Revlon Consumer Products Corporation, a debtor and debtor-in-possession under chapter 11 of the Bankruptcy Code, as the Borrower, Revlon, Inc., a debtor and debtor-in-possession under chapter 11 of the Bankruptcy Code, as Holdings, the lenders party thereto and MidCap Funding IV Trust, as Administrative Agent and Collateral Agent, which was attached as an exhibit to the Company’s and Products Corporation’s Current Report on Form 8-K filed with the SEC on July 7, 2022, (ii) the Superpriority Senior Secured Debtor-in-Possession Credit Agreement, dated as of June 17, 2022, by and among Revlon Consumer Products Corporation, a debtor and debtor-in-possession under chapter 11 of the Bankruptcy Code, as the Borrower, Revlon, Inc., a debtor and debtor-in-possession under chapter 11 of the Bankruptcy Code, as Holdings, the lenders party thereto and Jefferies Finance LLC, as Administrative Agent and Collateral Agent, which was attached as an exhibit to the Company’s and Products Corporation’s Report on Form 8-K filed with the SEC on June 23, 2022 and (iii) the Interim Order (i) authorizing the debtors to (a) obtain postpetition financing and (b) use cash collateral, (ii) granting liens and providing superpriority administrative expense status, (iii) granting adequate protection to the prepetition secured parties, (iv) modifying the automatic stay, (v) scheduling a final hearing, and (vi) granting related relief (collectively clauses (iii)(i)-(vi), the “Interim Order for the DIP Facilities”), and (iv) the Final Order (i) authorizing the debtors to (a) obtain postpetition financing and (b) use cash collateral, (ii) granting liens and providing superpriority administrative expenses status, (iii) granting adequate protection to the prepetition secured parties, (iv) modifying the automatic stay, and (v) granting related relief (collectively clauses (iv)(i)-(vi), the "Final Order for the DIP Facilities").

The Company incurred approximately $2.0 million and $16.8 million of new debt issuance costs in connection with the DIP Facilities, which were expensed during the three and nine months-ended September 30, 2022, respectively, to "Reorganization items, net" on the Company's Consolidated Statement of Operations and Comprehensive Loss.

Amendment No. 9 to the Amended 2016 Revolving Credit Agreement: Tranche A - Revolving Credit Facility and Second-In, Second-Out ("SISO") Term Loan Facility

On March 31, 2022, Products Corporation entered into Amendment No. 9 (“Amendment No. 9) to the asset-based revolving credit agreement, dated as of September 7, 2016, by and among Products Corporation and certain of its subsidiaries, as borrowers, the Company, as holdings, the lenders party thereto and Citibank, N.A., as administrative agent and collateral agent (as amended, the "Amended 2016 Revolving Credit Agreement" and the credit facility thereunder, the "Amended 2016 Revolving Credit Facility").

Amendment No. 9, among other things, made certain changes to the calculation of the borrowing base. Amendment No. 9 had the effect of temporarily increasing the borrowing base under the Amended 2016 Revolving Credit Agreement by up to $25 million until the earlier of (i) September 29, 2022 and (ii) the occurrence of an event of default or payment default (the “Amendment No. 9 Accommodation Period”). During the Amendment No. 9 Accommodation Period, Amendment No. 9 also established a reserve against availability under the Amended 2016 Revolving Credit Agreement in the amount of $10 million until June 29, 2022 and $15 million thereafter. Products Corporation was required to pay customary fees in connection with Amendment No. 9.

The Company incurred approximately $1.8 million of new debt issuance costs in connection with Amendment No. 9 to the 2016 Revolving Credit Agreement and SISO Term Loan Facility, which were expensed during the second quarter to "Reorganization items, net" on the Company's Consolidated Statement of Operations and Comprehensive Loss. The temporary increase in advance rates put in place by Amendment No. 9 is not included in the DIP ABL Facility.

First Amendment to 2021 Foreign Asset-Based Term Agreement

On March 30, 2022, Revlon Finance LLC, a Delaware limited liability company and wholly-owned subsidiary of Revlon (the “FABTL Borrower”), entered into the First Amendment (the “First Amendment”) to the 2021 Foreign Asset-Based Term Agreement.

The First Amendment, among other things, made certain changes to the calculation of the borrowing base that had the effect of temporarily increasing the borrowing base for one year after the effective date of the First Amendment. Initially the

increase in the borrowing base was estimated to be approximately $7 million. The FABTL Borrower was required to pay customary fees in connection with the First Amendment. A portion of the proceeds of the DIP Term Loan Facility was used to refinance the 2021 Foreign Asset-Based Term Facility.

(b) Contractual interest on debt subject to compromise and adequate protection payments

Effective as of the Petition Date, we ceased recognizing interest expense on outstanding pre-petition debt subject to compromise other than the tranche Term B-1 loans of the 2020 Brandco Term Loan Facility due 2025. In connection with the Debtor’s voluntary filing under Chapter 11, interest was stayed on the Company’s 2020 ABL FILO Term Loans due 2023, 2016 Term Loan Facility, 6.25% Senior Notes and Tranche’s B-2 and B-3 of the 2020 BrandCo Term Loan Facility. Approximately $73.0 million of interest was stayed, which relates to prepetition debt obligations classified within liabilities subject to compromise that did not receive adequate protection payments.

During the Chapter 11 proceeding, the Bankruptcy Court has the ability to issue orders pursuant to sections 361, 363(e) and 364(d) of the Bankruptcy Code granting adequate protection payments to secured parties under certain lending facilities in order to protect their interests in the pre-petition collateral. On June 17, 2022, as part of the DIP Term Loan agreement, the Bankruptcy Court issued an order providing that the holders of tranche Term B-1 loans shall continue to receive quarterly payments in an amount equal to the interest that would otherwise be payable in cash, as well as interest to be paid in kind on the outstanding Term B-1 loans. The interest rate on the tranche Term B-1 loans was reset as a result of the Bankruptcy Court’s order, as such the Debtors are applying a LIBOR base rate to derive the quarterly payments to be paid in cash. During the period, the Company paid the Term B-1 holders $28.8 million that approximates the quarterly interest that otherwise would have been paid. Furthermore, consistent with the order, the Company accrued $9.6 million of paid-in-kind interest under the terms of the prepetition 2020 Brandco Term Loan Facility agreement at the non-default rate that would otherwise be owed to the prepetition BrandCo Lenders in accordance with the 2020 Brandco Term Loan Facility agreement. Default interest due under the terms of the prepetition 2020 Brandco Term Loan Facility agreement will accrue and be paid in kind in respect of the Term B-1 Loans in accordance with the 2020 Brandco Term Loan Facility agreement.

Prior Year Debt Transactions

Amendment No. 8 to the Amended 2016 Revolving Credit Agreement: Tranche A - Revolving Credit Facility and Second-In, Second-Out Term Loan Facility

On May 7, 2021, Products Corporation entered into Amendment No. 8 to the Amended 2016 Revolving Credit Agreement (“Amendment No. 8”). Amendment No. 8, among other things, made certain amendments pursuant to which: (i) the maturity date applicable to the “Tranche A” revolving loans and SISO Term Loan Facility (as defined further below in this section within "Amendment No. 7 to the Amended 2016 Revolving Credit Agreement: Tranche A - Revolving Credit Facility and SISO Term Loan Facility") was extended from June 8, 2023 to May 7, 2024, subject to a springing maturity to the earlier of: (x) 91 days prior to the maturity of the 2016 Term Loan Facility on September 7, 2023, to the extent such term loans are then outstanding, and (y) to the extent the Company’s first-in, last-out term loans (the “2020 ABL FILO Term Loans”) are then outstanding, the earliest stated maturity of the 2020 ABL FILO Term Loans; (ii) the commitments under the “Tranche A” revolving facility were reduced from $300 million to $270 million and under the SISO Term Loan Facility were upsized from $100 million to $130 million, (iii) the financial covenant was changed from (A)(x) a minimum excess availability requirement of $20 million when the fixed charge coverage ratio is greater than 1.00x or (y) a minimum excess availability requirement of $30 million when the fixed charge coverage ratio is less than 1.00x to (B) a springing minimum fixed charge coverage ratio of 1.00x when excess availability is less than $27.5 million, (iv) certain advance rates in respect of the borrowing base under the credit agreement were increased, and (v) the perpetual cash dominion requirement was replaced with a springing cash dominion requirement triggered only when excess availability is less than $45 million. In addition, Amendment No. 8 increased the interest rate margin applicable to the “Tranche A” revolving loans to 3.75% from a range of 2.50-3.00% and decreased the LIBOR “floor” applicable thereto from 1.75% to 0.50%.

On May 7, 2021, the Company also entered into a successor agent appointment and agency transfer agreement pursuant to which MidCap Funding IV Trust ("MidCap") succeeded Citibank, N.A. as the collateral agent and administrative agent for the Amended 2016 Revolving Credit Agreement. Products Corporation paid certain customary fees to MidCap and the lenders under the Amended 2016 Revolving Credit Facility in connection with Amendment No. 8.

Amendment No. 8 included an extinguishment, as defined by ASC 470, Debt, with the prior lenders under the Company's Tranche A Revolving Credit facility and the substitution of such lenders under the revolving credit facility with a new lender, MidCap, with which the Company had no prior loans outstanding. In connection with this transaction:

•Fees of $0.8 million paid to the old lenders that were extinguished under the Tranche A Revolving Credit facility were expensed within SG&A on the Company's Consolidated Statement of Operations and Comprehensive Loss for the year ended December 31, 2021;

•Deferred financing costs associated with the extinguished, old lenders prior to the effective date of Amendment No. 8, amounting to approximately $4.7 million, were expensed within "Amortization of debt issuance costs” on the Company's Consolidated Statement of Operations and Comprehensive Loss for the year ended December 31, 2021; and

•Fees of approximately $2.1 million paid to the new lender and third parties were recorded as deferred financing costs and are amortized in accordance with the straight-line method over the revised term of Tranche A through May 7, 2024.

•During the second quarter of 2022, the deferred financing costs were expensed to "Reorganization items, net" on the Company's Consolidated Statement of Operations and Comprehensive Loss in accordance with ASC 852.

The above-mentioned Amendment No. 8 also included an extinguishment and a modification of a term loan in connection with the existing SISO Term Loan Facility. More specifically, in accordance with ASC 470, Debt:

•Extinguishment accounting was applied to one existing prior lender, which was no longer involved with the SISO Term Loan Facility after Amendment No. 8. In connection with such extinguishment, deferred financing costs of approximately $1.4 million were expensed within "Amortization of debt issuance costs” on the Company's Consolidated Statement of Operations and Comprehensive Loss for the year ended December 31, 2021; and

•Modification accounting was applied to those exiting lenders for which the cash flow effect between the amount owed to them before and after the consummation of Amendment No. 8, on a present value basis, was less than 10% and, thus, the debt instruments were not considered to be substantially different. In connection with such modification, fees of approximately $0.9 million paid to the lenders were recorded as deferred financing costs and are amortized within "Amortization of debt issuance costs” (together with previously exiting deferred financing costs associated with these lenders of approximately $4.0 million), in accordance with the new effective interest rate computed over the revised term of the SISO Term Loan Facility. Additionally, approximately $0.4 million of fees paid to third parties were expensed within SG&A on the Company's Consolidated Statement of Operations and Comprehensive Loss for the year ended December 31, 2021.

Amendment No. 7 to the Amended 2016 Revolving Credit Agreement: Tranche A - Revolving Credit Facility and SISO Term Loan Facility

On March 8, 2021, Products Corporation entered into Amendment No. 7 to the Amended 2016 Revolving Credit Agreement (“Amendment No. 7”). Amendment No. 7, among other things, made certain amendments pursuant to which: (i) the maturity date applicable to the “Tranche A” revolving loans under the Amended 2016 Revolving Credit Agreement was extended from September 7, 2021 to June 8, 2023; (ii) the commitments under the “Tranche A” revolving facility were 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 Term Loan Facility”) was established and Products Corporation borrowed $100 million of term loans thereunder. Except as to pricing, maturity, enforcement priority and certain voting rights, the terms of the SISO Term Loan 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 Term Loan Facility accrue interest at the LIBOR rate, subject to a floor of 1.75%, plus a margin of 5.75%. In addition, Amendment No. 7 increased 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 paid certain customary fees to Citibank, N.A. and the lenders under the Amended 2016 Revolving Credit Facility in connection with Amendment No. 7.

Amendment No. 7 represented an exchange of an existing revolving credit agreement with a new revolving credit agreement with the same lenders as defined by ASC 470, Debt, under the revolving credit facility. All pre-existing unamortized deferred financing costs associated with the old revolving credit agreement of approximately $0.8 million were added to the newly incurred deferred financing costs of approximately $4.2 million and their total of approximately $5.1 million started to be amortized in accordance with the straight-line method over the term of Tranche A through June 8, 2023. Additionally, approximately $4.3 million of new deferred financing costs were incurred in connection with the SISO Term Loan Facility with the new lenders, which are amortized in accordance with the effective interest method over the term of the facility. During the second quarter of 2022, the deferred financing costs were expensed to "Reorganization items, net" on the Company's Consolidated Statement of Operations and Comprehensive Loss in accordance with ASC 852.

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 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”). A portion of the proceeds of the DIP Term Loan Facility was used to refinance the 2021 Foreign Asset-Based Term Facility.

Principal and Maturity: The 2021 Foreign Asset-Based Term Facility provided 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. Such perfection actions were subsequently completed, and the escrowed funds were released to the ABTL Borrower. The 2021 Foreign Asset-Based Term Facility had an uncommitted incremental facility pursuant to which it could have been increased from time to time by up to the amount of the borrowing base in effect at the time such incremental facility was 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 2018 Foreign Asset-Based Term Facility (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 would have matured 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 term loan credit agreement, dated as of September 7, 2016, by and among Products Corporation, as the borrower, the Company, as holdings, the lenders party thereto and Citibank, N.A., as administrative agent and collateral agent (as amended by Amendment No. 1 dated as of May 7, 2020, the “2016 Term Loan Agreement” and the credit facility thereunder, the “2016 Term Loan Facility”) due September 7, 2023 remained outstanding.

The 2021 Foreign Asset-Based Term Agreement required the maintenance of a borrowing base supporting the borrowing thereunder, 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 was based on the sum of: (i) 80% of eligible accounts receivable (later increased to 90% for one year from the effective date of the First Amendment); (ii) 65% of the net orderly liquidation value of eligible finished goods inventory receivable (later increased to 75% for one year from the effective date of the First Amendment); 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 were subject to certain customary availability reserves set by the ABTL Agent.

Guarantees and Security: The 2021 Foreign Asset-Based Term Facility was 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 were 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 included a cash dominion feature customary for transactions of this type.

Interest and Fees: Interest was 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 accrued 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 was 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 could 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 contained certain affirmative and negative covenants that, among other things, limited 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 were 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 was contingent on certain "cash movement conditions" or "payment conditions" being met, which among other things, required a certain level of liquidity for the applicable Loan Party to effect such type of transactions. The 2021 Foreign Asset-Based Term Agreement also contained 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 contained certain customary representations, warranties and events of default.

Prepayments: The ABTL Borrower was required to prepay loans under the 2021 Foreign Asset-Based Term Facility to the extent that outstanding loans exceeded the borrowing base. In lieu of a mandatory prepayment, the Loan Parties could deposit cash into a designated U.S. bank account with the ABTL Agent that was subject to a control agreement (such cash, the “Qualified Cash”). If an event of default occurred and was continuing, the Qualified Cash could 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 exceeded the outstanding loans, the ABTL Borrower could withdraw Qualified Cash from such bank account to the extent of such excess. In addition, the 2021 Foreign Asset-Based Term Facility was subject to mandatory prepayments from the net proceeds from the incurrence by the Loan Parties of debt not permitted thereunder.

The proceeds from the 2021 Foreign Asset-Based Term Facility were used to extinguish the entire amount outstanding under the 2018 Foreign Asset-Based Term Facility as of the closing date, which was due on July 9, 2021. In connection with such extinguishment, approximately $1.0 million of pre-existing unamortized deferred financing costs were expensed within "Amortization of Debt Issuance Costs" on the Company’s Consolidated Statement of Operations and Comprehensive Loss for the year ended December 31, 2021. In accordance with the terms of the 2021 Foreign Asset-Based Term Agreement, approximately $13.8 million of the proceeds from the transaction were held in escrow and are recorded within "Prepaid expenses and other assets" on the Company's Consolidated Balance Sheet as of December 31, 2021.

The Company incurred approximately $3.2 million of new debt issuance costs in connection with the closing of the 2021 Foreign Asset-Based Term Facility, which are amortized within "Amortization of debt issuance costs" in accordance with the effective interest method over the term of the facility.

2020 Troubled Debt Restructuring

As a result of the consummation of the exchange offer pertaining to Products Corporation's 5.75% Senior Notes (the "5.75% Senior Notes Exchange Offer"), and following the applicability of the Troubled Debt Restructuring guidance in ASC 470, Debt, the Company recorded $57.8 million of future interest payments. During the three and nine months ended September 30, 2022, the Company recorded nil and $6.6 million of amortization of such future interest as an offset within "Interest

expense, net" on the Company's Unaudited Condensed Consolidated Statement of Operations and Comprehensive Loss. During the second quarter of 2022, the future interest was expensed to "Reorganization items, net" on the Company's Consolidated Statement of Operations and Comprehensive Loss in accordance with ASC 852.

Covenants

Products Corporation was in compliance with all applicable covenants under the DIP Facilities as of September 30, 2022. As a result of the Bankruptcy Petitions, Products Corporation was not in compliance with all applicable covenants under the BrandCo credit agreement, dated as of May 7, 2020, by and among Products Corporation, as borrower, the Company, as holdings, the lenders party thereto and Jefferies Finance, LLC as administrative agent and collateral agent (as amended by Amendment No. 1 dated as of November 13, 2020, the "BrandCo Credit Agreement" and the credit facilities thereunder, the "2020 BrandCo Facilities"); the Amended 2016 Revolving Credit Agreement and the 2016 Term Loan Agreement (collectively, the "2016 Credit Agreements"); the 2021 Foreign Asset-Based Term Agreement; as well as the indenture governing its 6.25% Senior Notes due 2024 (such notes, the "6.25% Senior Notes" and the related indenture, the "6.25% Senior Notes Indenture"), in each case as of September 30, 2022. At September 30, 2022, the aggregate principal amounts outstanding and availability under Products Corporation’s various revolving credit facilities were as follows:



	Commitment		Borrowing Base		Aggregate principal amount outstanding at September 30, 2022		Availability at September 30, 2022 (a)
Tranche A DIP ABL Facility due 2023	$	270.0	$	71.4	$	41.8	$	29.6
SISO DIP ABL Facility due 2023	130.0		130.0		130.0		—

2020 ABL FILO Term Loans	50.0		38.8		$	50.0	$	—

The Company’s foreign subsidiaries held $87.4 million out of the Company's total $246.4 million in cash and cash equivalents as of September 30, 2022. 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.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI https://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Section 50
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-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
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-Section 50
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-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

GOODWILL AND INTANGIBLE ASSETS, NET - Changes in Goodwill by Segment (Details) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2022 USD ($)
Goodwill [Roll Forward]
Beginning Balance		$ 562.8
Foreign currency translation adjustment		(1.6)
Ending Balance	$ 561.2	561.2
Cumulative goodwill impairment charges	(166.2)	(166.2)
Goodwill impairment charges	0.0	0.0
Revlon
Goodwill [Roll Forward]
Beginning Balance		265.0
Foreign currency translation adjustment		(0.7)
Ending Balance	264.3	264.3
Portfolio
Goodwill [Roll Forward]
Beginning Balance		87.8
Foreign currency translation adjustment		(0.3)
Ending Balance	87.5	87.5
Elizabeth Arden
Goodwill [Roll Forward]
Beginning Balance		89.3
Foreign currency translation adjustment		(0.2)
Ending Balance	89.1	89.1
Fragrance
Goodwill [Roll Forward]
Beginning Balance		120.7
Foreign currency translation adjustment		(0.4)
Ending Balance	$ 120.3	$ 120.3

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

INVENTORIES

9 Months Ended

Sep. 30, 2022

Inventory Disclosure [Abstract]

INVENTORIES

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


	September 30,		December 31,
	2022		2021
Finished goods	299.1		$	277.0
Raw materials and supplies	145.4		125.3
Work-in-process	11.5		15.1
	$	456.0	$	417.4

PRODUCTS CORPORATION AND SUBSIDIARIES GUARANTOR FINANCIAL INFORMATION - Balance Sheet (Details) - USD ($) $ in Millions	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 246.4			$ 102.4
Trade receivables, less allowances for doubtful accounts	319.0			383.8
Inventories, net	456.0			417.4
Property, plant and equipment, net	249.9			297.3
Deferred income taxes	41.2			42.8
Goodwill	561.2			562.8
Intangible assets, net	335.4			392.2
Other assets	94.3			97.8
Total assets	2,520.6			2,432.5
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Short-term borrowings	0.6			0.7
Current portion of long-term debt	746.9			137.2
Accounts payable	105.0			217.7
Accrued expenses and other current liabilities	392.1			432.0
Long-term debt	0.1			3,305.5
Liabilities subject to compromise	3,615.1			0.0
Stockholder’s (deficiency) equity	(2,497.1)	$ (2,348.2)	$ (2,078.6)	(2,014.1)	$ (2,066.3)	$ (2,020.0)	$ (1,958.7)	$ (1,862.0)
Total liabilities and stockholder’s (deficiency) equity	2,520.6			2,432.5
Revlon Consumer Products Corporation
ASSETS
Cash and cash equivalents	246.4			102.4
Trade receivables, less allowances for doubtful accounts	319.0			383.8
Inventories, net	456.0			417.4
Prepaid expenses and other	426.2			296.8
Intercompany receivables	0.0			0.0
Investment in subsidiaries	0.0			0.0
Property, plant and equipment, net	249.9			297.3
Deferred income taxes	49.9			51.6
Goodwill	561.2			562.8
Intangible assets, net	335.4			392.2
Other assets	94.3			97.8
Total assets	2,738.3			2,602.1
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Short-term borrowings	0.6			0.7
Current portion of long-term debt	746.9			137.2
Accounts payable	105.0			217.7
Accrued expenses and other current liabilities	392.3			432.1
Intercompany payables	0.0			0.0
Long-term debt	0.1			3,305.5
Other long-term liabilities	170.5			366.1
Liabilities subject to compromise	3,659.0			0.0
Total liabilities	5,074.4			4,459.3
Stockholder’s (deficiency) equity	(2,336.1)	$ (2,187.3)	$ (1,919.7)	(1,857.2)	$ (1,900.7)	$ (1,855.9)	$ (1,796.2)	$ (1,703.0)
Total liabilities and stockholder’s (deficiency) equity	2,738.3			2,602.1
Revlon Consumer Products Corporation \| Eliminations
ASSETS
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	(9,513.8)			(9,639.5)
Investment in subsidiaries	(1,074.4)			(836.6)
Property, plant and equipment, 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	(128.1)			0.0
Total assets	(10,716.3)			(10,476.1)
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	(1,622.9)			(9,639.2)
Long-term debt	0.0			0.0
Other long-term liabilities	0.0			0.0
Liabilities subject to compromise	(8,012.5)
Total liabilities	(9,635.4)			(9,639.2)
Stockholder’s (deficiency) equity	(1,080.9)			(836.9)
Total liabilities and stockholder’s (deficiency) equity	(10,716.3)			(10,476.1)
Revlon Consumer Products Corporation \| Products Corporation \| Reportable Legal Entities
ASSETS
Cash and cash equivalents	6.2			4.0
Trade receivables, less allowances for doubtful accounts	62.2			114.6
Inventories, net	158.3			129.3
Prepaid expenses and other	340.2			222.8
Intercompany receivables	3,425.7			4,542.8
Investment in subsidiaries	1,240.3			1,055.5
Property, plant and equipment, net	140.0			157.6
Deferred income taxes	0.0			0.0
Goodwill	404.8			404.8
Intangible assets, net	0.1			20.3
Other assets	61.6			57.7
Total assets	5,839.4			6,709.4
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Short-term borrowings	0.0			0.0
Current portion of long-term debt	746.8			137.1
Accounts payable	49.2			89.8
Accrued expenses and other current liabilities	182.3			161.9
Intercompany payables	445.0			4,737.2
Long-term debt	0.0			3,234.1
Other long-term liabilities	68.1			176.8
Liabilities subject to compromise	6,708.9
Total liabilities	8,200.3			8,536.9
Stockholder’s (deficiency) equity	(2,360.9)			(1,827.5)
Total liabilities and stockholder’s (deficiency) equity	5,839.4			6,709.4
Revlon Consumer Products Corporation \| Guarantor Subsidiaries \| Reportable Legal Entities
ASSETS
Cash and cash equivalents	155.9			2.1
Trade receivables, less allowances for doubtful accounts	89.8			102.4
Inventories, net	129.4			127.9
Prepaid expenses and other	34.5			5.7
Intercompany receivables	5,266.9			4,396.2
Investment in subsidiaries	(165.9)			(218.9)
Property, plant and equipment, net	38.1			59.9
Deferred income taxes	2.5			7.7
Goodwill	35.2			30.0
Intangible assets, net	130.1			170.3
Other assets	9.2			12.2
Total assets	5,725.7			4,695.5
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Short-term borrowings	0.0			0.0
Current portion of long-term debt	0.0			0.0
Accounts payable	2.1			42.1
Accrued expenses and other current liabilities	61.3			84.9
Intercompany payables	747.3			4,045.5
Long-term debt	0.0			0.0
Other long-term liabilities	79.4			115.7
Liabilities subject to compromise	4,422.2
Total liabilities	5,312.3			4,288.2
Stockholder’s (deficiency) equity	413.4			407.3
Total liabilities and stockholder’s (deficiency) equity	5,725.7			4,695.5
Revlon Consumer Products Corporation \| Non-Guarantor Subsidiaries \| Reportable Legal Entities
ASSETS
Cash and cash equivalents	84.3			96.3
Trade receivables, less allowances for doubtful accounts	167.0			166.8
Inventories, net	168.3			160.2
Prepaid expenses and other	51.5			68.3
Intercompany receivables	821.2			700.5
Investment in subsidiaries	0.0			0.0
Property, plant and equipment, net	71.8			79.8
Deferred income taxes	47.4			43.9
Goodwill	121.2			128.0
Intangible assets, net	205.2			201.6
Other assets	151.6			27.9
Total assets	1,889.5			1,673.3
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Short-term borrowings	0.6			0.7
Current portion of long-term debt	0.1			0.1
Accounts payable	53.7			85.8
Accrued expenses and other current liabilities	148.7			185.3
Intercompany payables	430.6			856.5
Long-term debt	0.1			71.4
Other long-term liabilities	23.0			73.6
Liabilities subject to compromise	540.4
Total liabilities	1,197.2			1,273.4
Stockholder’s (deficiency) equity	692.3			399.9
Total liabilities and stockholder’s (deficiency) equity	$ 1,889.5			$ 1,673.3

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

9 Months Ended

Sep. 30, 2022

Earnings Per Share [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:


	Three months ended September 30,				Nine months ended September 30,
	2022		2021		2022		2021
Numerator:


Net loss	$	(152.8)	$	(53.1)	$	(495.4)	$	(216.8)
Denominator:
Weighted-average common shares outstanding – Basic	55,111,423		54,025,861		54,818,140		53,899,732
Effect of dilutive restricted stock and RSUs	—		—		—		—
Weighted-average common shares outstanding – Diluted	55,111,423		54,025,861		54,818,140		53,899,732
Basic and Diluted loss per common share:


Net loss per common share	$	(2.77)	$	(0.98)	$	(9.04)	$	(4.02)





Unvested restricted stock and RSUs under the Stock Plan(a)	73,756		759,994		1,557		581,856

PENSION AND POST-RETIREMENT BENEFITS - Narrative (Details) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($) plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit cost	$ 1.3	$ 1.3	$ 3.7	$ 3.6		$ 4.8
Expected employer contributions for current fiscal year	4.8		4.8
Forecast
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit cost					$ 4.5
Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit cost	1.1	1.1	3.3	3.0
Employer contributions	0.4		3.9
Pension Plans \| Qualified Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer contributions, deferral in 2020, CARES Act							$ 11.8
Number of qualified defined benefit plans \| plan							2
Other Post-Retirement Benefit Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit cost	0.2	$ 0.2	0.4	$ 0.6
Employer contributions	$ 0.2		$ 0.5

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 246.4	$ 102.4
Trade receivables (net of allowance for doubtful accounts of $6.9 and $9.0, respectively)	319.0	383.8
Inventories, net	456.0	417.4
Prepaid expenses and other assets	217.2	136.0
Total current assets	1,238.6	1,039.6
Property, plant and equipment (net of accumulated depreciation of $549.2 and $551.3, respectively)	249.9	297.3
Deferred income taxes	41.2	42.8
Goodwill	561.2	562.8
Intangible assets (net of accumulated amortization and impairment of $368.4 and $326.4, respectively)	335.4	392.2
Other assets	94.3	97.8
Total assets	2,520.6	2,432.5
Current liabilities:
Short-term borrowings	0.6	0.7
Current portion of long-term debt	746.9	137.2
Accounts payable	105.0	217.7
Accrued expenses and other current liabilities	392.1	432.0
Total current liabilities	1,244.6	787.6
Long-term debt	0.1	3,305.5
Long-term pension and other post-retirement plan liabilities	85.4	147.3
Other long-term liabilities	72.5	206.2
Liabilities subject to compromise	3,615.1	0.0
Stockholders’ deficiency:
Class A Common Stock, par value $0.01 per share: 900,000,000 shares authorized; 60,399,830 and 58,005,142 shares issued, respectively	0.5	0.5
Additional paid-in capital	1,111.6	1,096.3
Treasury stock, at cost: 2,424,166 and 1,992,957 shares of Class A Common Stock, respectively	(40.9)	(37.6)
Accumulated deficit	(3,334.0)	(2,838.6)
Accumulated other comprehensive loss	(234.3)	(234.7)
Total stockholders’ deficiency	(2,497.1)	(2,014.1)
Total liabilities and stockholder’s (deficiency) equity	$ 2,520.6	$ 2,432.5

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

3 Months Ended

9 Months Ended

Sep. 30, 2022

Sep. 30, 2021

Dec. 31, 2021

Repayments on term loans

^[1]

$ 88.6

$ 186.7

Restricted cash

$ 3.8

3.8

18.4

$ 18.5

2021 Foreign Asset-Based Term Facility

Repayments on term loans

75.0

2020 BrandCo Term Loan Facility

Repayments on term loans

4.7

9.3

2020 Troubled-debt-restructuring future interest amortization

Repayments on term loans

$ 0.0

6.6

11.6

2016 Term Loan Facility

Repayments on term loans

$ 2.3

6.9

SISO Term Loan Facility

Repayments on term loans

100.0

2018 Foreign Asset-Based Term Facility

Repayments on term loans

$ 58.9

[1]

RESTRUCTURING CHARGES - Restructuring and Related Charges by Segment (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
RGGA Program
Restructuring Cost and Reserve [Line Items]
Charges incurred during period	$ 8.1
Cumulative charges incurred	110.0	$ 101.9
Total Restructuring Charges
Restructuring Cost and Reserve [Line Items]
Charges incurred during period	4.3
Total Restructuring Charges \| RGGA Program
Restructuring Cost and Reserve [Line Items]
Charges incurred during period	4.8
Cumulative charges incurred	81.4	$ 76.6
Total Restructuring Charges \| RGGA Program \| Operating segments
Restructuring Cost and Reserve [Line Items]
Charges incurred during period	4.8
Cumulative charges incurred	81.4
Total Restructuring Charges \| RGGA Program \| Operating segments \| Revlon
Restructuring Cost and Reserve [Line Items]
Charges incurred during period	1.7
Cumulative charges incurred	29.7
Total Restructuring Charges \| RGGA Program \| Operating segments \| Elizabeth Arden
Restructuring Cost and Reserve [Line Items]
Charges incurred during period	1.6
Cumulative charges incurred	20.6
Total Restructuring Charges \| RGGA Program \| Operating segments \| Portfolio
Restructuring Cost and Reserve [Line Items]
Charges incurred during period	1.0
Cumulative charges incurred	19.0
Total Restructuring Charges \| RGGA Program \| Operating segments \| Fragrance
Restructuring Cost and Reserve [Line Items]
Charges incurred during period	0.5
Cumulative charges incurred	$ 12.1

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

9 Months Ended

Sep. 30, 2022

Payables and Accruals [Abstract]

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

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


	September 30,		December 31,
	2022		2021
Advertising, marketing and promotional costs	$	93.4	$	113.3
Sales returns and allowances	70.2		92.3
Taxes	55.4		52.8
Compensation and related benefits	61.7		33.7
Professional services and insurance	45.5		28.5
Interest	8.3		31.3
Freight and distribution costs	15.6		18.4
Short-term lease liability	4.6		12.9
Restructuring reserve	0.6		2.7
Software	0.7		2.2
Other (a)	36.1		43.9
Total	$	392.1	$	432.0

(a) Accrued Other for Products Corporation as of September 30, 2022 and December 31, 2021 were $36.4 million and $44.0 million, respectively.

CONDENSED CONSOLIDATION DEBTOR-IN-POSSESSION FINANCIAL INFORMATION - Consolidated Statements of Operations and Comprehensive Loss (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2022

Jun. 30, 2022

Mar. 31, 2022

Sep. 30, 2021

Jun. 30, 2021

Mar. 31, 2021

Sep. 30, 2022

Sep. 30, 2021

Dec. 31, 2021

Reorganization, Chapter 11 [Line Items]

Net sales

$ 468.4

$ 521.1

$ 1,390.6

$ 1,463.5

Cost of sales

207.5

221.2

595.8

608.7

Gross profit

260.9

299.9

794.8

854.8

Selling, general and administrative expenses

248.5

256.1

758.4

796.0

Acquisition, integration and divestiture costs

0.2

0.6

0.7

1.8

Restructuring charges and other, net

(0.7)

9.0

4.3

22.8

Impairment charges

0.0

24.3

0.0

$ 0.0

Operating income (loss)

12.9

34.1

7.1

35.9

Other expenses:

Interest expense, net

56.2

63.1

175.8

183.9

Amortization of debt issuance costs

0.0

8.7

20.9

30.7

Foreign currency losses (gains), net

19.4

9.9

41.4

11.5

Miscellaneous, net

2.3

0.1

9.0

2.8

Reorganization items, net

85.0

0.0

243.3

0.0

Other expense (income), net

162.9

81.8

490.4

228.9

(Loss) income from operations before income taxes

(150.0)

(47.7)

(483.3)

(193.0)

(Benefit from) provision for income taxes

2.8

5.4

12.1

23.8

Net (loss) income

(152.8)

$ (275.6)

$ (67.0)

(53.1)

$ (67.7)

$ (96.0)

(495.4)

(216.8)

Other comprehensive (loss) income

(3.3)

^[1]

$ (0.2)

^[1]

$ 3.9

^[1]

2.9

^[1]

$ 3.0

^[1]

$ (1.4)

^[1]

0.4

4.5

Total comprehensive (loss) income

(156.1)

(50.2)

(495.0)

(212.3)

Debtors

Reorganization, Chapter 11 [Line Items]

Net sales

249.7

305.8

744.0

819.9

Cost of sales

122.1

144.2

355.7

376.2

Gross profit

127.6

161.6

388.3

443.7

Selling, general and administrative expenses

161.9

156.7

486.8

487.1

Acquisition, integration and divestiture costs

0.2

0.6

1.8

Restructuring charges and other, net

(1.7)

7.1

2.5

17.1

Impairment charges

0.0

20.5

0.0

Operating income (loss)

(32.8)

(2.8)

(122.1)

(62.3)

Other expenses:

Interest expense, net

51.4

56.3

163.5

176.4

Amortization of debt issuance costs

0.0

8.7

16.8

29.9

Foreign currency losses (gains), net

5.1

1.9

14.5

(0.8)

Miscellaneous, net

2.4

(324.2)

9.7

(321.4)

Reorganization items, net

85.0

0.0

243.3

0.0

Equity in net loss of subsidiary

(30.8)

(34.1)

(53.9)

(47.3)

Other expense (income), net

113.1

(291.4)

393.9

(163.2)

(Loss) income from operations before income taxes

(145.9)

288.6

(516.0)

100.9

(Benefit from) provision for income taxes

0.9

7.6

13.8

9.7

Net (loss) income

(146.8)

281.0

(529.8)

91.2

Other comprehensive (loss) income

4.1

4.5

4.4

4.1

Total comprehensive (loss) income

$ (142.7)

$ 285.5

$ (525.4)

$ 95.3

[1]	See Note 13, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the nine months ended September 30, 2022 and 2021, respectively.

GOODWILL AND INTANGIBLE ASSETS, NET - Summary of Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	$ 567.1			$ 567.1		$ 574.1
Accumulated Amortization	(311.0)			(311.0)		(293.5)
Impairment	0.0	$ (18.7)		(18.7)		0.0
Net Carrying Amount	237.4			237.4		280.6
Indefinite-lived Intangible Assets [Line Items]
Carrying Amount	103.6			103.6		111.6
Indefinite-lived intangible assets	0.0	$ (5.6)		(5.6)		0.0	$ (33.1)
Net Carrying Amount	98.0			98.0		111.6
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Carrying Amount	670.7			670.7		685.7
Accumulated Amortization	(311.0)			(311.0)		(293.5)
Total Intangibles Impairment	0.0		$ 0.0	(24.3)	$ 0.0	0.0
Net Carrying Amount	335.4			335.4		392.2
Trade names
Indefinite-lived Intangible Assets [Line Items]
Carrying Amount	103.6			103.6		111.6
Indefinite-lived intangible assets				(5.6)
Net Carrying Amount	98.0			98.0		111.6
Trademarks and licenses
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	267.2			267.2		270.8
Accumulated Amortization	(149.9)			(149.9)		(142.9)
Impairment				(5.3)		0.0
Net Carrying Amount	112.0			$ 112.0		$ 127.9
Weighted-Average Useful Life (in Years)				11 years		12 years
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	(149.9)			$ (149.9)		$ (142.9)
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	243.3			243.3		247.2
Accumulated Amortization	(131.1)			(131.1)		(122.7)
Impairment				(10.9)		0.0
Net Carrying Amount	101.3			$ 101.3		$ 124.5
Weighted-Average Useful Life (in Years)				9 years		10 years
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	(131.1)			$ (131.1)		$ (122.7)
Patents and internally-developed intellectual property
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	24.3			24.3		23.8
Accumulated Amortization	(18.2)			(18.2)		(17.4)
Impairment				(2.5)		0.0
Net Carrying Amount	3.6			$ 3.6		$ 6.4
Weighted-Average Useful Life (in Years)				5 years		5 years
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	(18.2)			$ (18.2)		$ (17.4)
Distribution rights
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	31.0			31.0		31.0
Accumulated Amortization	(10.5)			(10.5)		(9.2)
Impairment				0.0		0.0
Net Carrying Amount	20.5			$ 20.5		$ 21.8
Weighted-Average Useful Life (in Years)				12 years		13 years
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	(10.5)			$ (10.5)		$ (9.2)
Other
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	1.3			1.3		1.3
Accumulated Amortization	(1.3)			(1.3)		(1.3)
Impairment				0.0		0.0
Net Carrying Amount	0.0			$ 0.0		$ 0.0
Weighted-Average Useful Life (in Years)				0 years		0 years
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	$ (1.3)			$ (1.3)		$ (1.3)

GOODWILL AND INTANGIBLE ASSETS, NET - Narrative (Details) $ in Millions	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2022 USD ($) reporting_unit	Jun. 30, 2022 USD ($) reporting_unit	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) reporting_unit	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Mar. 31, 2020 USD ($)
Goodwill [Line Items]
Number of reporting units \| reporting_unit	5	5		4
Goodwill	$ 561.2			$ 561.2		$ 562.8
Goodwill impairment charges	0.0			0.0
Indefinite-lived intangible assets impairment	0.0	$ 5.6		5.6		0.0	$ 33.1
Finite-lived intangible assets impairment	0.0	$ 18.7		18.7		0.0
Total non-cash impairment charges recorded on intangible assets	0.0		$ 0.0	24.3	$ 0.0	$ 0.0
Tax benefit	(2.8)		(5.4)	(12.1)	(23.8)
Amortization expense	7.6		$ 9.1	24.0	$ 26.1
Intangible assets
Goodwill [Line Items]
Tax benefit	$ 0.2			$ 0.2
Perpetual growth rate
Goodwill [Line Items]
Goodwill measurement input		2.00%
Minimum \| Weighted-average cost of capital
Goodwill [Line Items]
Goodwill measurement input		9.50%
Maximum \| Weighted-average cost of capital
Goodwill [Line Items]
Goodwill measurement input		12.00%
Mass Portfolio Reporting Unit
Goodwill [Line Items]
Goodwill								$ 0.0

STOCK COMPENSATION PLAN - Activity Related to Time-based and Performance-based RSUs and the Grant Date Fair Value (Details) - $ / shares	9 Months Ended	37 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
2022 Incentive Program \| 2022 \| Time-Based Restricted Stock Units (RSU) Awards
Restricted Stock Units
Awards granted (in shares)	3,047,200
Awards forfeited/canceled (in shares)	(483,300)
Outstanding, end of period (in shares)	2,563,900	2,563,900
Weighted Average Grant Date Fair Value Per RSU
Awards granted, weighted average grant date fair value (in dollars per share)	$ 10.24
Awards forfeited/canceled, weighted average grant date fair value (in dollars per share)	10.24
Outstanding, weighted average grant date fair value (in dollars per share)	$ 10.24	$ 10.24
2019 Transaction Incentive Program \| Restricted Stock Units
Weighted Average Grant Date Fair Value Per RSU
Accelerated vesting, number of awards (in shares)	0
2019 Transaction Incentive Program \| 2019 \| Time-Based Restricted Stock Units (RSU) Awards
Restricted Stock Units
Outstanding, beginning of period (in shares)	74,600
Awards vested (in shares)	(33,700)
Awards forfeited/canceled (in shares)	(5,000.0)
Outstanding, end of period (in shares)	35,900	35,900
Weighted Average Grant Date Fair Value Per RSU
Outstanding, weighted average grant date fair value (in dollars per share)	$ 13.16
Awards vested, weighted average grant date fair value (in dollars per share)	13.16
Awards forfeited/canceled, weighted average grant date fair value (in dollars per share)	13.16
Outstanding, weighted average grant date fair value (in dollars per share)	$ 13.16	$ 13.16
LTIP Plan \| Time-Based Restricted Stock Units (RSU) Awards
Restricted Stock Units
Outstanding, beginning of period (in shares)	1,872,300
Awards vested (in shares)	(941,200)
Awards forfeited/canceled (in shares)	(234,500)
Outstanding, end of period (in shares)	696,600	696,600
LTIP Plan \| Performance-Based Restricted Stock Units (RSU) Awards
Restricted Stock Units
Outstanding, beginning of period (in shares)	588,900
Awards vested (in shares)	(44,300)
Awards forfeited/canceled (in shares)	(242,900)
Outstanding, end of period (in shares)	301,700	301,700
LTIP Plan \| Restricted Stock Units
Weighted Average Grant Date Fair Value Per RSU
Accelerated vesting, number of awards (in shares)	0	57,763
LTIP Plan \| 2021 \| Time-Based Restricted Stock Units (RSU) Awards
Restricted Stock Units
Outstanding, beginning of period (in shares)	1,548,600
Awards vested (in shares)	(751,800)
Awards forfeited/canceled (in shares)	(200,700)
Outstanding, end of period (in shares)	596,100	596,100
Weighted Average Grant Date Fair Value Per RSU
Outstanding, weighted average grant date fair value (in dollars per share)	$ 10.58
Awards vested, weighted average grant date fair value (in dollars per share)	10.59
Awards forfeited/canceled, weighted average grant date fair value (in dollars per share)	10.59
Outstanding, weighted average grant date fair value (in dollars per share)	$ 10.57	$ 10.57
LTIP Plan \| 2021 \| Performance-Based Restricted Stock Units (RSU) Awards
Restricted Stock Units
Outstanding, beginning of period (in shares)	0
Awards vested (in shares)	0
Awards forfeited/canceled (in shares)	0
Outstanding, end of period (in shares)	0	0
Weighted Average Grant Date Fair Value Per RSU
Outstanding, 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)	0
Outstanding, weighted average grant date fair value (in dollars per share)	$ 0	$ 0
LTIP Plan \| 2020 \| Time-Based Restricted Stock Units (RSU) Awards
Restricted Stock Units
Outstanding, beginning of period (in shares)	253,900
Awards vested (in shares)	(122,800)
Awards forfeited/canceled (in shares)	(30,600)
Outstanding, end of period (in shares)	100,500	100,500
Weighted Average Grant Date Fair Value Per RSU
Outstanding, weighted average grant date fair value (in dollars per share)	$ 14.96
Awards vested, 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
Outstanding, weighted average grant date fair value (in dollars per share)	$ 14.96	$ 14.96
LTIP Plan \| 2020 \| Performance-Based Restricted Stock Units (RSU) Awards
Restricted Stock Units
Outstanding, beginning of period (in shares)	377,700
Awards vested (in shares)	0
Awards forfeited/canceled (in shares)	(76,000.0)
Outstanding, end of period (in shares)	301,700	301,700
Weighted Average Grant Date Fair Value Per RSU
Outstanding, weighted average grant date fair value (in dollars per share)	$ 14.96
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)	14.96
Outstanding, weighted average grant date fair value (in dollars per share)	$ 14.96	$ 14.96
LTIP Plan \| 2019 \| Time-Based Restricted Stock Units (RSU) Awards
Restricted Stock Units
Outstanding, beginning of period (in shares)	69,800
Awards vested (in shares)	(66,600)
Awards forfeited/canceled (in shares)	(3,200)
Outstanding, end of period (in shares)	0	0
Weighted Average Grant Date Fair Value Per RSU
Outstanding, weighted average grant date fair value (in dollars per share)	$ 22.58
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
Outstanding, weighted average grant date fair value (in dollars per share)	$ 0	$ 0
LTIP Plan \| 2019 \| Performance-Based Restricted Stock Units (RSU) Awards
Restricted Stock Units
Outstanding, beginning of period (in shares)	211,200
Awards vested (in shares)	(44,300)
Awards forfeited/canceled (in shares)	(166,900)
Outstanding, end of period (in shares)	0	0
Weighted Average Grant Date Fair Value Per RSU
Outstanding, weighted average grant date fair value (in dollars per share)	$ 22.55
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
Outstanding, weighted average grant date fair value (in dollars per share)	$ 0	$ 0
Total LTIP and TIP RSU's \| Time-Based Restricted Stock Units (RSU) Awards
Restricted Stock Units
Outstanding, beginning of period (in shares)	1,946,900
Outstanding, end of period (in shares)	3,296,400	3,296,400
Total LTIP and TIP RSU's \| Performance-Based Restricted Stock Units (RSU) Awards
Restricted Stock Units
Outstanding, beginning of period (in shares)	588,900
Outstanding, end of period (in shares)	301,700	301,700

RESTRUCTURING CHARGES - Restructuring and Related Charges Activity (Details) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Total Restructuring Charges
Restructuring Reserve [Roll Forward]
Charges incurred during period	$ 4.3
RGGA Program
Restructuring Reserve [Roll Forward]
Charges incurred through beginning of period	101.9
Charges incurred during period	8.1
Charges incurred through end of period	110.0
RGGA Program \| Total Restructuring Charges
Restructuring Reserve [Roll Forward]
Charges incurred through beginning of period	76.6
Charges incurred during period	4.8
Charges incurred through end of period	81.4
RGGA Program \| Employee Severance and Other Personnel Benefits
Restructuring Reserve [Roll Forward]
Charges incurred through beginning of period	52.7
Charges incurred during period	0.9
Charges incurred through end of period	53.6
RGGA Program \| Other
Restructuring Reserve [Roll Forward]
Charges incurred through beginning of period	23.9
Charges incurred during period	3.9
Charges incurred through end of period	27.8
RGGA Program \| Leases
Restructuring Reserve [Roll Forward]
Charges incurred through beginning of period	17.7
Charges incurred during period	3.3
Charges incurred through end of period	21.0
RGGA Program \| Other Related Charges
Restructuring Reserve [Roll Forward]
Charges incurred through beginning of period	7.6
Charges incurred during period	0.0
Charges incurred through end of period	$ 7.6

REORGANIZATION ITEMS, NET (Tables)

9 Months Ended

Sep. 30, 2022

Reorganizations [Abstract]

Schedule of Reorganization Items

Liabilities subject to compromise at September 30, 2022 consisted of the following:


	September 30,
	2022
Accounts payable	$	89.6
Accrued expenses	141.9
Other liabilities	106.3
Debt subject to compromise	3,277.3

Total liabilities subject to compromise	$	3,615.1


	Three Months Ended		Nine Months Ended
	September 30, 2022		September 30, 2022
Write off of deferred financing costs and discount on debt subject to compromise	$	—	$	124.8
DIP facilities financing costs	2.0		16.8
Professional fees	81.6		96.0
Other	0.4		4.7
Gain on settlement of pre-petition accounts payable	(9.3)		(9.3)
Bankruptcy related employee compensation programs	$	10.3	$	10.3
Reorganization items, net	$	85.0	$	243.3

REVLON, INC. AND SUBSIDIARIES

(DEBTOR-IN-POSSESSION)

CONSOLIDATED BALANCE SHEETS

(dollars in millions, except share and per share amounts)

(Unaudited)


	September 30, 2022		December 31, 2021

ASSETS
Current assets:
Cash and cash equivalents	$	168.5	$	17.9
Trade receivables (net of allowance for doubtful accounts of $0.7 and $2.3, respectively)	188.4		258.7
Trade receivables from non-debtor subsidiaries	453.8		400.4
Inventories, net	292.4		261.8
Prepaid expenses and other assets	171.4		74.5
Total current assets	1,274.5		1,013.3
Property, plant and equipment (net of accumulated depreciation of $433.2 and $426.0, respectively)	185.2		219.4
Deferred income taxes	2.7		17.5
Goodwill	540.0		540.0
Intangible assets (net of accumulated amortization and impairment of $226.3 and $274.4, respectively)	278.7		320.8
Investment in subsidiaries	877.7		874.5
Due from affiliates	254.8		249.8
Other assets	75.3		74.8
Total assets	$	3,488.9	$	3,310.1

LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Current liabilities:
Short-term borrowings	$	—	$	—
Current portion of long-term debt	746.8		137.1
Accounts payable	52.6		134.7
Accounts payable to non-debtors	7.9		234.5
Accrued expenses and other current liabilities	231.2		267.1
Total current liabilities	$	1,038.5	$	773.4
Long-term debt	—		3,234.2
Long-term pension and other post-retirement plan liabilities	79.8		141.3
Other long-term liabilities	7.8		337.9
Liabilities subject to compromise	4,098.4		—
Total liabilities	5,224.5		4,486.8
Stockholder’s (deficiency) equity	(1,735.6)		(1,176.7)
Total liabilities and stockholders’ deficiency	$	3,488.9	$	3,310.1

REVLON, INC. AND SUBSIDIARIES

(DEBTOR-IN-POSSESSION)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(dollars in millions, except share and per share amounts)

(Unaudited)


	Three Months Ended September 30,				Nine Months Ended September 30,

	2022		2021		2022		2021

Net sales	$	249.7	$	305.8	$	744.0	$	819.9
Cost of sales	122.1		144.2		355.7		376.2
Gross profit	127.6		161.6		388.3		443.7
Selling, general and administrative expenses	161.9		156.7		486.8		487.1
Acquisition, integration and divestiture costs	0.2		0.6		0.6		1.8
Restructuring charges and other, net	(1.7)		7.1		2.5		17.1
Impairment charges	—		—		20.5		—

Operating income (loss)	(32.8)		(2.8)		(122.1)		(62.3)
Other expenses:
Interest expense, net	51.4		56.3		163.5		176.4

Amortization of debt issuance costs	—		8.7		16.8		29.9

Foreign currency losses, net	5.1		1.9		14.5		(0.8)
Miscellaneous, net	2.4		(324.2)		9.7		(321.4)
Reorganization items, net	85.0		—		243.3		—
Equity in net loss of subsidiary	(30.8)		(34.1)		(53.9)		(47.3)
Other expenses	113.1		(291.4)		393.9		(163.2)
Loss from operations before income taxes	(145.9)		288.6		(516.0)		100.9
Provision for income taxes	0.9		7.6		13.8		9.7


Net loss	$	(146.8)	$	281.0	$	(529.8)	$	91.2
Other comprehensive income, net	4.1		4.5		4.4		4.1
Total comprehensive loss	$	(142.7)	$	285.5	$	(525.4)	$	95.3

REVLON, INC. AND SUBSIDIARIES

(DEBTOR-IN-POSSESSION)

CONSOLIDATED STATEMENTS OF CASH FLOWS

(dollars in millions)

(Unaudited)


	Nine Months Ended September 30,
	2022		2021
CASH FLOWS FROM OPERATING ACTIVITIES:


























Net cash used in operating activities	(310.9)		30.2
CASH FLOWS FROM INVESTING ACTIVITIES:




Net cash used in investing activities	(5.4)		(4.4)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in short-term borrowings and overdraft	(0.7)		(10.6)
Borrowings on term loans	—		230.0
Repayments on term loans	(13.6)		(127.8)


Net (repayments) borrowings under the revolving credit facilities	(0.6)		(2.7)
Borrowings on DIP Term Loan Facility	575.0		—
Repayments on Tranche A DIP ABL Facility	(67.2)		—





Payment of financing costs	(18.8)		(13.7)

Tax withholdings related to net share settlements of restricted stock and RSUs	(3.3)		(2.4)

Cash transfer to non-debtor affiliates	—		(97.5)
Other financing activities	(0.2)		(0.3)
Net cash provided by financing activities	470.6		(25.0)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(1.0)		(0.1)
Net increase in cash, cash equivalents and restricted cash	153.3		0.7
Cash, cash equivalents and restricted cash at beginning of period	17.9		10.8
Cash, cash equivalents and restricted cash at end of period (a)	$	171.2	$	11.5

LIABILITIES SUBJECT TO COMPROMISE (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Reorganizations [Abstract]
Accounts payable	$ 89.6
Accrued expenses	141.9
Other liabilities	106.3
Debt subject to compromise	3,277.3	$ 0.0
Total liabilities subject to compromise	$ 3,615.1	$ 0.0

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2022

Jun. 30, 2022

Mar. 31, 2022

Sep. 30, 2021

Jun. 30, 2021

Mar. 31, 2021

Sep. 30, 2022

Sep. 30, 2021

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

Beginning balance

$ (2,348.2)

$ (2,078.6)

$ (2,014.1)

$ (2,020.0)

$ (1,958.7)

$ (1,862.0)

$ (2,014.1)

$ (1,862.0)

Foreign currency translation adjustment, net of tax

(6.2)

(0.6)

(8.2)

(6.0)

Amortization of pension related costs, net of tax

^[1],[2]

2.9

3.5

8.6

10.5

Other comprehensive (loss) income, net

(3.3)

^[3]

(0.2)

^[3]

3.9

^[3]

2.9

^[3]

3.0

^[3]

(1.4)

^[3]

0.4

4.5

Ending balance

(2,497.1)

(2,348.2)

(2,078.6)

(2,066.3)

(2,020.0)

(1,958.7)

(2,497.1)

(2,066.3)

Foreign currency translation adjustment, tax expense

0.0

Amortization of pension related costs, tax expense

0.0

Accumulated Other Comprehensive (Loss) Income

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

Beginning balance

(231.0)

(230.8)

(234.7)

(276.3)

(279.3)

(277.9)

(234.7)

(277.9)

Other comprehensive (loss) income, net

^[3]

(3.3)

(0.2)

3.9

2.9

3.0

(1.4)

Ending balance

(234.3)

$ (231.0)

(230.8)

$ (273.4)

$ (276.3)

$ (279.3)

(234.3)

$ (273.4)

Foreign Currency Translation

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

Beginning balance

(25.8)

Foreign currency translation adjustment, net of tax

(8.2)

Other comprehensive (loss) income, net

(8.2)

Ending balance

(34.0)

Actuarial (Loss) Gain on Post-retirement Benefits

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

Beginning balance

(208.6)

Amortization of pension related costs, net of tax

8.6

Other comprehensive (loss) income, net

8.6

Ending balance

(200.0)

Other

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

Beginning balance

$ (0.3)

(0.3)

Other comprehensive (loss) income, net

0.0

Ending balance

$ (0.3)

[1]	Net of tax expense of nil for both the three months ended and nine months ended September 30, 2022 and 2021.
[2]	This amount is included in the computation of net periodic benefit costs (income). See Note 10, "Pension and Post-Retirement Benefits," for additional information regarding net periodic benefit costs (income).
[3]	See Note 13, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the nine months ended September 30, 2022 and 2021, respectively.

INCOME TAXES	9 Months Ended
INCOME TAXES	Sep. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company's provision for income taxes represents federal, foreign, state and local income taxes. The Company's effective tax rate differs from the applicable federal statutory rate due to the effect of state and local income taxes, tax rates and income in foreign jurisdictions. 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; changes in valuation allowances; tax audit settlements; and the interaction of various global tax strategies. The Company recorded provision for income taxes of $2.8 million (Products Corporation - $2.8 million) for the three months ended September 30, 2022 and a provision for income taxes of $5.4 million (Products Corporation - $5.5 million) for the three months ended September 30, 2021, respectively. The $2.6 million decrease in the provision for income taxes for the third quarter of 2022, compared to the same quarter in 2021, was primarily due to the geographical mix of earnings and net change of valuation allowance on its net deferred tax assets for certain jurisdictions. The Company recorded a provision for income taxes of $12.1 million (Products Corporation - $12.1 million) for the nine months ended September 30, 2022 and a provision for income taxes of $23.8 million (Products Corporation - $23.9 million) for the nine months ended September 30, 2021, respectively. The $11.7 million decrease (Products Corporation - $11.8 million) in the provision for income taxes in the nine months ended September 30, 2022, compared to the nine months ended September 30, 2021, was primarily due to the geographical level and mix of earnings and net change of valuation allowance on its net deferred tax assets for certain jurisdictions. The Company's effective tax rate for the three and nine months ended September 30, 2022 and September 30, 2021 was lower than the federal statutory rate of 21% primarily due to losses for which no tax benefit can be recognized, as well as state taxes for certain U.S. entities. 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 which are more likely than not to be realized. Deferred tax assets are reduced by a valuation allowance if some portion or all of the deferred tax assets will not be realized. 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. For further information, see Note 13, "Income Taxes," to the Consolidated Financial Statements in the Company's 2021 Form 10-K.

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI https://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

CONDENSED CONSOLIDATION DEBTOR-IN-POSSESSION FINANCIAL INFORMATION

9 Months Ended

Sep. 30, 2022

Reorganizations [Abstract]

CONDENSED CONSOLIDATION DEBTOR-IN-POSSESSION FINANCIAL INFORMATION

LIABILITIES SUBJECT TO COMPROMISE


	September 30,
	2022
Accounts payable	$	89.6
Accrued expenses	141.9
Other liabilities	106.3
Debt subject to compromise	3,277.3

Total liabilities subject to compromise	$	3,615.1

REORGANIZATION ITEMS, NET


	Three Months Ended		Nine Months Ended
	September 30, 2022		September 30, 2022
Write off of deferred financing costs and discount on debt subject to compromise	$	—	$	124.8
DIP facilities financing costs	2.0		16.8
Professional fees	81.6		96.0
Other	0.4		4.7
Gain on settlement of pre-petition accounts payable	(9.3)		(9.3)
Bankruptcy related employee compensation programs	$	10.3	$	10.3
Reorganization items, net	$	85.0	$	243.3

CONDENSED CONSOLIDATION DEBTOR-IN-POSSESSION FINANCIAL INFORMATION

REVLON, INC. AND SUBSIDIARIES

(DEBTOR-IN-POSSESSION)

CONSOLIDATED BALANCE SHEETS

(dollars in millions, except share and per share amounts)

(Unaudited)


	September 30, 2022		December 31, 2021

ASSETS
Current assets:
Cash and cash equivalents	$	168.5	$	17.9
Trade receivables (net of allowance for doubtful accounts of $0.7 and $2.3, respectively)	188.4		258.7
Trade receivables from non-debtor subsidiaries	453.8		400.4
Inventories, net	292.4		261.8
Prepaid expenses and other assets	171.4		74.5
Total current assets	1,274.5		1,013.3
Property, plant and equipment (net of accumulated depreciation of $433.2 and $426.0, respectively)	185.2		219.4
Deferred income taxes	2.7		17.5
Goodwill	540.0		540.0
Intangible assets (net of accumulated amortization and impairment of $226.3 and $274.4, respectively)	278.7		320.8
Investment in subsidiaries	877.7		874.5
Due from affiliates	254.8		249.8
Other assets	75.3		74.8
Total assets	$	3,488.9	$	3,310.1

LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Current liabilities:
Short-term borrowings	$	—	$	—
Current portion of long-term debt	746.8		137.1
Accounts payable	52.6		134.7
Accounts payable to non-debtors	7.9		234.5
Accrued expenses and other current liabilities	231.2		267.1
Total current liabilities	$	1,038.5	$	773.4
Long-term debt	—		3,234.2
Long-term pension and other post-retirement plan liabilities	79.8		141.3
Other long-term liabilities	7.8		337.9
Liabilities subject to compromise	4,098.4		—
Total liabilities	5,224.5		4,486.8
Stockholder’s (deficiency) equity	(1,735.6)		(1,176.7)
Total liabilities and stockholders’ deficiency	$	3,488.9	$	3,310.1

REVLON, INC. AND SUBSIDIARIES

(DEBTOR-IN-POSSESSION)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(dollars in millions, except share and per share amounts)

(Unaudited)


	Three Months Ended September 30,				Nine Months Ended September 30,

	2022		2021		2022		2021

Net sales	$	249.7	$	305.8	$	744.0	$	819.9
Cost of sales	122.1		144.2		355.7		376.2
Gross profit	127.6		161.6		388.3		443.7
Selling, general and administrative expenses	161.9		156.7		486.8		487.1
Acquisition, integration and divestiture costs	0.2		0.6		0.6		1.8
Restructuring charges and other, net	(1.7)		7.1		2.5		17.1
Impairment charges	—		—		20.5		—

Operating income (loss)	(32.8)		(2.8)		(122.1)		(62.3)
Other expenses:
Interest expense, net	51.4		56.3		163.5		176.4

Amortization of debt issuance costs	—		8.7		16.8		29.9

Foreign currency losses, net	5.1		1.9		14.5		(0.8)
Miscellaneous, net	2.4		(324.2)		9.7		(321.4)
Reorganization items, net	85.0		—		243.3		—
Equity in net loss of subsidiary	(30.8)		(34.1)		(53.9)		(47.3)
Other expenses	113.1		(291.4)		393.9		(163.2)
Loss from operations before income taxes	(145.9)		288.6		(516.0)		100.9
Provision for income taxes	0.9		7.6		13.8		9.7


Net loss	$	(146.8)	$	281.0	$	(529.8)	$	91.2
Other comprehensive income, net	4.1		4.5		4.4		4.1
Total comprehensive loss	$	(142.7)	$	285.5	$	(525.4)	$	95.3

REVLON, INC. AND SUBSIDIARIES

(DEBTOR-IN-POSSESSION)

CONSOLIDATED STATEMENTS OF CASH FLOWS

(dollars in millions)

(Unaudited)


	Nine Months Ended September 30,
	2022		2021
CASH FLOWS FROM OPERATING ACTIVITIES:


























Net cash used in operating activities	(310.9)		30.2
CASH FLOWS FROM INVESTING ACTIVITIES:




Net cash used in investing activities	(5.4)		(4.4)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in short-term borrowings and overdraft	(0.7)		(10.6)
Borrowings on term loans	—		230.0
Repayments on term loans	(13.6)		(127.8)


Net (repayments) borrowings under the revolving credit facilities	(0.6)		(2.7)
Borrowings on DIP Term Loan Facility	575.0		—
Repayments on Tranche A DIP ABL Facility	(67.2)		—





Payment of financing costs	(18.8)		(13.7)

Tax withholdings related to net share settlements of restricted stock and RSUs	(3.3)		(2.4)

Cash transfer to non-debtor affiliates	—		(97.5)
Other financing activities	(0.2)		(0.3)
Net cash provided by financing activities	470.6		(25.0)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(1.0)		(0.1)
Net increase in cash, cash equivalents and restricted cash	153.3		0.7
Cash, cash equivalents and restricted cash at beginning of period	17.9		10.8
Cash, cash equivalents and restricted cash at end of period (a)	$	171.2	$	11.5

PRODUCTS CORPORATION AND SUBSIDIARIES GUARANTOR FINANCIAL INFORMATION - Narrative (Details) - 6.25% Senior Notes	Sep. 30, 2022
Condensed Financial Statements, Captions [Line Items]
Stated interest rate (as a percent)	6.25%
Revlon Consumer Products Corporation
Condensed Financial Statements, Captions [Line Items]
Stated interest rate (as a percent)	6.25%

Cover Page	9 Months Ended
Cover Page	Sep. 30, 2022 shares
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	1-11178
Entity Registrant Name	Revlon, Inc.
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	One New York Plaza
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10004
City Area Code	212-
Local Phone Number	527-4000
Entity Tax Identification Number	13-3662955
Title of 12(b) Security	Class A Common Stock
Trading Symbol	REVRQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	54,302,001
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0000887921
Revlon Consumer Products Corporation
Document Information [Line Items]
Entity File Number	33-59650
Entity Registrant Name	Revlon Consumer Products Corporation
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	One New York Plaza
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10004
City Area Code	212-
Local Phone Number	527-4000
Entity Tax Identification Number	13-3662953
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	5,260
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0000890547

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
INCOME TAXES (Details) - USD ($) $ in Millions	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Line Items]
Provision for income taxes	$ 2.8	$ 5.4	$ 12.1	$ 23.8
Decrease in provision from income taxes	2.6		11.7
Revlon Consumer Products Corporation
Income Tax Disclosure [Line Items]
Provision for income taxes	$ 2.8	$ 5.5	12.1	$ 23.9
Decrease in provision from income taxes			$ 11.8

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

CONSOLIDATED BALANCE SHEETS - REVLON CONSUMER PRODUCTS CORPORATION AND SUBSIDIARIES - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 246.4	$ 102.4
Trade receivables (net of allowance for doubtful accounts of $6.9 and $9.0, respectively)	319.0	383.8
Inventories, net	456.0	417.4
Prepaid expenses and other assets	217.2	136.0
Total current assets	1,238.6	1,039.6
Property, plant and equipment (net of accumulated depreciation of $549.2 and $551.3, respectively)	249.9	297.3
Deferred income taxes	41.2	42.8
Goodwill	561.2	562.8
Intangible assets (net of accumulated amortization and impairment of $368.4 and $326.4, respectively)	335.4	392.2
Other assets	94.3	97.8
Total assets	2,520.6	2,432.5
Current liabilities:
Short-term borrowings	0.6	0.7
Current portion of long-term debt	746.9	137.2
Accounts payable	105.0	217.7
Accrued expenses and other current liabilities	392.1	432.0
Total current liabilities	1,244.6	787.6
Long-term debt	0.1	3,305.5
Long-term pension and other post-retirement plan liabilities	85.4	147.3
Other long-term liabilities	72.5	206.2
Liabilities subject to compromise	3,615.1	0.0
Stockholders’ deficiency:
Products Corporation Common Stock, par value $1.00 per share; 10,000 shares authorized; 5,260 shares issued and outstanding	0.5	0.5
Additional paid-in capital	1,111.6	1,096.3
Accumulated deficit	(3,334.0)	(2,838.6)
Accumulated other comprehensive loss	(234.3)	(234.7)
Total stockholders’ deficiency	(2,497.1)	(2,014.1)
Total liabilities and stockholder’s (deficiency) equity	2,520.6	2,432.5
Revlon Consumer Products Corporation
Current assets:
Cash and cash equivalents	246.4	102.4
Trade receivables (net of allowance for doubtful accounts of $6.9 and $9.0, respectively)	319.0	383.8
Inventories, net	456.0	417.4
Prepaid expenses and other assets	213.2	131.8
Receivable from Revlon, Inc.	213.0	165.0
Total current assets	1,447.6	1,200.4
Property, plant and equipment (net of accumulated depreciation of $549.2 and $551.3, respectively)	249.9	297.3
Deferred income taxes	49.9	51.6
Goodwill	561.2	562.8
Intangible assets (net of accumulated amortization and impairment of $368.4 and $326.4, respectively)	335.4	392.2
Other assets	94.3	97.8
Total assets	2,738.3	2,602.1
Current liabilities:
Short-term borrowings	0.6	0.7
Current portion of long-term debt	746.9	137.2
Accounts payable	105.0	217.7
Accrued expenses and other current liabilities	392.3	432.1
Total current liabilities	1,244.8	787.7
Long-term debt	0.1	3,305.5
Long-term pension and other post-retirement plan liabilities	85.4	147.3
Other long-term liabilities	85.1	218.8
Liabilities subject to compromise	3,659.0	0.0
Stockholders’ deficiency:
Products Corporation Preferred stock, par value $1.00 per share; 1,000 shares authorized; 546 shares issued and outstanding	54.6	54.6
Products Corporation Common Stock, par value $1.00 per share; 10,000 shares authorized; 5,260 shares issued and outstanding	0.0	0.0
Additional paid-in capital	1,036.2	1,020.9
Accumulated deficit	(3,192.6)	(2,698.0)
Accumulated other comprehensive loss	(234.3)	(234.7)
Total stockholders’ deficiency	(2,336.1)	(1,857.2)
Total liabilities and stockholder’s (deficiency) equity	$ 2,738.3	$ 2,602.1

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Adversary Complaints October 31, 2022 Adversary Complaint On October 31, 2022, a group of lenders under the Term Credit Agreement, dated as of September 7, 2016, by and among Products Corporation, as borrower, Revlon, Inc., the lenders from time to time parties thereto and Citibank, N.A, as administrative agent and collateral agent (as amended, restated, supplemented or otherwise modified from time to time, the “2016 Credit Agreement”) filed an Adversary Complaint against Revlon, Inc., Products Corporation, several of Products Corporation’s subsidiaries, and several of Products Corporation’s contractual counterparties, including Jefferies Finance LLC, Jefferies LLC, and several lenders under the 2020 BrandCo Credit Agreement, dated May 7, 2020, by and among Products Corporation, Jefferies Finance LLC, as administrative agent and collateral agent, and certain financial institutions that are lenders or the affiliates of lenders under Products Corporation’s 2016 Credit Agreement, in the U.S. Bankruptcy Court for the Southern District of New York (the “ October 31, 2022 Adversary Complaint”), Case No. 22-10760-dsj [Docket No. 956]. The October 31, 2022 Adversary Complaint alleges various spurious causes of action, stemming from various alleged breaches of the provisions of the 2016 Credit Agreement, including claims for breach of contract, declaratory judgment, breach of the implied covenant of good faith and fair dealing, conversion, aiding and abetting conversion, unjust enrichment, equitable subordination, tortious interference with contract, and constructive trust. The October 31, 2022 Adversary Complaint seeks various forms of relief, including declaratory relief, specific performance, rescission of certain existing agreements, injunctive relief, damages, costs and expenses, attorneys’ fees, and pre-judgment interest. The Company believes that the lawsuit is without merit and intends to vigorously contest its claims.

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

3 Months Ended

9 Months Ended

Sep. 30, 2022

Sep. 30, 2021

Sep. 30, 2022

Sep. 30, 2021

CASH FLOWS FROM OPERATING ACTIVITIES:

Net cash (used in) provided by operating activities

$ (251,000,000.0)

$ (86,700,000)

CASH FLOWS FROM INVESTING ACTIVITIES:

Net cash (used in) provided by investing activities

(8,100,000)

(4,200,000)

CASH FLOWS FROM FINANCING ACTIVITIES:

Net decrease in short-term borrowings and overdraft

(600,000)

(12,500,000)

Borrowings on term loans

305,000,000.0

Repayments on term loans

^[1]

(88,600,000)

(186,700,000)

Net (repayments) borrowings under the revolving credit facilities

(600,000)

(2,700,000)

Borrowings on DIP Term Loan Facility

575,000,000.0

Repayments on Tranche A DIP ABL Facility

(67,200,000)

Payment of financing costs

(18,800,000)

(17,900,000)

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

$ (4,700)

$ (9,700)

(3,300,000)

(2,400,000)

Other financing activities

(200,000)

(300,000)

Net cash provided by (used in) financing activities

395,700,000

82,500,000

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

(7,300,000)

(2,400,000)

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

129,300,000

(10,800,000)

Cash, cash equivalents and restricted cash at beginning of period

^[2]

120,900,000

102,500,000

Cash, cash equivalents and restricted cash at end of period

^[3]

250,200,000

91,700,000

250,200,000

91,700,000

Revlon Consumer Products Corporation

CASH FLOWS FROM OPERATING ACTIVITIES:

Net cash (used in) provided by operating activities

(251,000,000.0)

(86,700,000)

CASH FLOWS FROM INVESTING ACTIVITIES:

Net cash (used in) provided by investing activities

(8,100,000)

(4,200,000)

CASH FLOWS FROM FINANCING ACTIVITIES:

Net decrease in short-term borrowings and overdraft

(600,000)

(12,500,000)

Borrowings on term loans

305,000,000.0

Repayments on term loans

^[4]

(88,600,000)

(186,700,000)

Net (repayments) borrowings under the revolving credit facilities

(600,000)

(2,700,000)

Borrowings on DIP Term Loan Facility

575,000,000.0

Repayments on Tranche A DIP ABL Facility

(67,200,000)

Payment of financing costs

(18,800,000)

(17,900,000)

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

(3,300,000)

(2,400,000)

Other financing activities

(200,000)

(300,000)

Net cash provided by (used in) financing activities

395,700,000

82,500,000

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

(7,300,000)

(2,400,000)

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

129,300,000

(10,800,000)

Cash, cash equivalents and restricted cash at beginning of period

^[5]

120,900,000

102,500,000

Cash, cash equivalents and restricted cash at end of period

^[6]

250,200,000

91,700,000

250,200,000

91,700,000

Revlon Consumer Products Corporation | Eliminations

CASH FLOWS FROM OPERATING ACTIVITIES:

Net cash (used in) provided by operating activities

CASH FLOWS FROM INVESTING ACTIVITIES:

Net cash (used in) provided by investing activities

CASH FLOWS FROM FINANCING ACTIVITIES:

Net decrease in short-term borrowings and overdraft

Borrowings on term loans

Repayments on term loans

Net (repayments) borrowings under the revolving credit facilities

Borrowings on DIP Term Loan Facility

Repayments on Tranche A DIP ABL Facility

Payment of financing costs

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

Other financing activities

Net cash provided by (used in) financing activities

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

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

Cash, cash equivalents and restricted cash at beginning of period

Cash, cash equivalents and restricted cash at end of period

Revlon Consumer Products Corporation | Products Corporation | Reportable Legal Entities

CASH FLOWS FROM OPERATING ACTIVITIES:

Net cash (used in) provided by operating activities

(449,600,000)

(418,600,000)

CASH FLOWS FROM INVESTING ACTIVITIES:

Net cash (used in) provided by investing activities

(3,800,000)

(1,900,000)

CASH FLOWS FROM FINANCING ACTIVITIES:

Net decrease in short-term borrowings and overdraft

(4,500,000)

Borrowings on term loans

305,000,000.0

Repayments on term loans

(13,600,000)

(186,700,000)

Net (repayments) borrowings under the revolving credit facilities

(600,000)

(2,700,000)

Borrowings on DIP Term Loan Facility

575,000,000.0

Repayments on Tranche A DIP ABL Facility

(67,200,000)

Payment of financing costs

(18,800,000)

(17,900,000)

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

(3,300,000)

(2,400,000)

Other financing activities

(100,000)

(200,000)

Net cash provided by (used in) financing activities

471,400,000

90,600,000

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

(15,700,000)

349,500,000

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

2,300,000

19,600,000

Cash, cash equivalents and restricted cash at beginning of period

4,000,000.0

6,500,000

Cash, cash equivalents and restricted cash at end of period

6,300,000

26,100,000

6,300,000

26,100,000

Revlon Consumer Products Corporation | Guarantor Subsidiaries | Reportable Legal Entities

CASH FLOWS FROM OPERATING ACTIVITIES:

Net cash (used in) provided by operating activities

253,000,000.0

57,700,000

CASH FLOWS FROM INVESTING ACTIVITIES:

Net cash (used in) provided by investing activities

(1,100,000)

(800,000)

CASH FLOWS FROM FINANCING ACTIVITIES:

Net decrease in short-term borrowings and overdraft

(600,000)

(5,600,000)

Borrowings on term loans

Repayments on term loans

Net (repayments) borrowings under the revolving credit facilities

Borrowings on DIP Term Loan Facility

Repayments on Tranche A DIP ABL Facility

Payment of financing costs

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

Other financing activities

(100,000)

Net cash provided by (used in) financing activities

(700,000)

(5,700,000)

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

(97,400,000)

(57,800,000)

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

153,800,000

(6,600,000)

Cash, cash equivalents and restricted cash at beginning of period

2,100,000

7,800,000

Cash, cash equivalents and restricted cash at end of period

155,900,000

1,200,000

155,900,000

1,200,000

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

CASH FLOWS FROM OPERATING ACTIVITIES:

Net cash (used in) provided by operating activities

(54,400,000)

274,200,000

CASH FLOWS FROM INVESTING ACTIVITIES:

Net cash (used in) provided by investing activities

(3,200,000)

(1,500,000)

CASH FLOWS FROM FINANCING ACTIVITIES:

Net decrease in short-term borrowings and overdraft

(2,400,000)

Borrowings on term loans

Repayments on term loans

(75,000,000.0)

Net (repayments) borrowings under the revolving credit facilities

Borrowings on DIP Term Loan Facility

Repayments on Tranche A DIP ABL Facility

Payment of financing costs

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

Other financing activities

Net cash provided by (used in) financing activities

(75,000,000.0)

(2,400,000)

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

105,800,000

(294,100,000)

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

(26,800,000)

(23,800,000)

Cash, cash equivalents and restricted cash at beginning of period

114,800,000

88,200,000

Cash, cash equivalents and restricted cash at end of period

$ 88,000,000.0

$ 64,400,000

$ 88,000,000.0

$ 64,400,000

[1]	Repayments on term loans for the nine months ended September 30, 2022 includes repayments of $75.0 million under the 2021 Foreign Asset Based Term Facility, $4.7 million under the 2020 BrandCo Term Loan Facility, $6.6 million for the 2020 Troubled-debt-restructuring future interest amortization, and $2.3 million under the 2016 Term Loan Facility. Repayments on term loans for the nine months ended September 30, 2021 includes repayments of $100.0 million under the 2021 SISO Term Loan facility, $58.9 million under the 2018 Foreign Asset-Based Term Facility, $11.6 million for the 2020 Troubled-debt-restructuring future interest amortization, $9.3 million under the 2020 BrandCo facilities and $6.9 million under the 2016 Term Loan Facility. See Note 8, "Debt" in the Company's 2021 Form 10-K for additional information on the Company's debt facilities.
[2]	This amount includes restricted cash of $18.5 million as of December 31, 2021. The balance as of December 31, 2021 represents: (i) cash on deposit in lieu of a mandatory prepayment and loan proceeds held in escrow until certain collateral perfection requirements are satisfied under the 2021 Foreign Asset-Based Term Agreement; and (ii) cash on deposit to support outstanding undrawn letters of credit.
[3]	These amounts include restricted cash of $3.8 million and $18.4 million as of September 30, 2022 and 2021, respectively. The balance as of September 30, 2022 primarily represents: cash on security deposit. The balance as of September 30, 2021 represents: (i) cash on deposit in lieu of a mandatory prepayment and loan proceeds held in escrow until certain collateral perfection requirements were satisfied under the 2021 Foreign Asset-Based Term Agreement; and (ii) cash on deposit to support surety bonds. These balances were included within prepaid expenses and other current assets and other assets in the Company's Consolidated Balance Sheets as of September 30, 2022 and September 30, 2021, respectively.
[4]	Repayments on term loans for the nine months ended September 30, 2022 includes repayments of $75.0 million under the 2021 Foreign Asset Based Term Facility,$4.7 million under the 2020 BrandCo Term Loan Facility, $6.6 million for the 2020 Troubled-debt-restructuring future interest amortization, and $2.3 million under the 2016 Term Loan Facility. Repayments on term loans for the nine months ended September 30, 2021 includes repayments of $100.0 million under the 2021 SISO Term Loan facility, $58.9 million under the 2018 Foreign Asset-Based Term Facility, $11.6 million for the 2020 Troubled-debt-restructuring future interest amortization, $9.3 million under the 2020 BrandCo facilities and $6.9 million under the 2016 Term Loan Facility. See Note 8, "Debt" in the Company's 2021 Form 10-K for additional information on the Company's debt facilities.
[5]	This amount includes restricted cash of $18.5 million as of December 31, 2021. The balance as of December 31, 2021 represents: (i) cash on deposit in lieu of a mandatory prepayment and loan proceeds held in escrow until certain collateral perfection requirements are satisfied under the 2021 Foreign Asset-Based Term Agreement; and (ii) cash on deposit to support outstanding undrawn letters of credit.
[6]	These amounts include restricted cash of $3.8 million and $18.4 million as of September 30, 2022 and 2021, respectively. The balance as of September 30, 2022 primarily represents: cash on security deposit. The balance as of September 30, 2021 represents: (i) cash on deposit in lieu of a mandatory prepayment and loan proceeds held in escrow until certain collateral perfection requirements were satisfied under the 2021 Foreign Asset-Based Term Agreement; and (ii) cash on deposit to support surety bonds. These balances were included within prepaid expenses and other current assets and other assets in the Company's Consolidated Balance Sheets as of September 30, 2022 and September 30, 2021, respectively.

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

3 Months Ended

9 Months Ended

Sep. 30, 2022

Jun. 30, 2022

Mar. 31, 2022

Sep. 30, 2021

Jun. 30, 2021

Mar. 31, 2021

Sep. 30, 2022

Sep. 30, 2021

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

Beginning balance

$ (2,348.2)

$ (2,078.6)

$ (2,014.1)

$ (2,020.0)

$ (1,958.7)

$ (1,862.0)

$ (2,014.1)

$ (1,862.0)

Treasury stock acquired, at cost

^[1]

0.0

(0.1)

(3.2)

0.0

(2.4)

Stock-based compensation amortization

7.2

6.3

1.8

3.9

3.4

3.1

Net loss

(152.8)

(275.6)

(67.0)

(53.1)

(67.7)

(96.0)

(495.4)

(216.8)

Other comprehensive (loss) income

(3.3)

^[2]

(0.2)

^[2]

3.9

^[2]

2.9

^[2]

3.0

^[2]

(1.4)

^[2]

0.4

4.5

Ending balance

(2,497.1)

(2,348.2)

(2,078.6)

(2,066.3)

(2,020.0)

(1,958.7)

(2,497.1)

(2,066.3)

Common Stock

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

Beginning balance

0.5

Ending balance

0.5

Additional Paid-In Capital

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

Beginning balance

1,104.4

1,098.1

1,096.3

1,088.8

1,085.4

1,082.3

1,096.3

1,082.3

Stock-based compensation amortization

7.2

6.3

1.8

3.9

3.4

3.1

Ending balance

1,111.6

1,104.4

1,098.1

1,092.7

1,088.8

1,085.4

1,111.6

1,092.7

Treasury Stock

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

Beginning balance

(40.9)

(40.8)

(37.6)

(35.2)

(37.6)

(35.2)

Treasury stock acquired, at cost

^[1]

0.0

(0.1)

(3.2)

0.0

(2.4)

Ending balance

(40.9)

(40.8)

(37.6)

(40.9)

(37.6)

Accumulated Deficit

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

Beginning balance

(3,181.2)

(2,905.6)

(2,838.6)

(2,795.4)

(2,727.7)

(2,631.7)

(2,838.6)

(2,631.7)

Net loss

(152.8)

(275.6)

(67.0)

(53.1)

(67.7)

(96.0)

Ending balance

(3,334.0)

(3,181.2)

(2,905.6)

(2,848.5)

(2,795.4)

(2,727.7)

(3,334.0)

(2,848.5)

Accumulated Other Comprehensive (Loss) Income

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

Beginning balance

(231.0)

(230.8)

(234.7)

(276.3)

(279.3)

(277.9)

(234.7)

(277.9)

Other comprehensive (loss) income

^[2]

(3.3)

(0.2)

3.9

2.9

3.0

(1.4)

Ending balance

$ (234.3)

$ (231.0)

$ (230.8)

$ (273.4)

$ (276.3)

$ (279.3)

$ (234.3)

$ (273.4)

[1]

Pursuant to the share withholding provisions of the Fifth Amended and Restated Revlon, Inc. Stock Plan (as amended, the "Stock Plan"), the Company withheld an aggregate of 875 and 763 shares of Revlon Class A Common Stock during the three months ended September 30, 2022 and 2021, respectively, and 431,209 and 163,259 shares of Revlon Class A Common Stock during the nine months ended September 30, 2022 and 2021, 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 $5.42 and $12.84 during the three months ended September 30, 2022 and 2021, respectively, and $7.72 and $14.94 during the nine months ended September 30, 2022 and 2021, 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 $4,700 and $9,700 during the three months ended September 30, 2022 and 2021, respectively, and $3.3 million and $2.4 million during the nine months ended September 30, 2022 and 2021, respectively. See Note 11, "Stock Compensation Plan," for details regarding restricted stock awards and RSUs under the Stock Plan.

[2]

See Note 13, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the nine months ended September 30, 2022 and 2021, respectively.

STOCK COMPENSATION PLAN - Narrative (Details) $ in Millions		3 Months Ended						9 Months Ended		12 Months Ended	37 Months Ended
STOCK COMPENSATION PLAN - Narrative (Details) $ in Millions	Jun. 02, 2022 shares	Sep. 30, 2022 USD ($) shares	Jun. 30, 2022 shares	Mar. 31, 2022 shares	Sep. 30, 2021 shares	Jun. 30, 2021 shares	Mar. 31, 2021 shares	Sep. 30, 2022 USD ($) shares	Sep. 30, 2021 USD ($) shares	Dec. 31, 2019 USD ($) installment	Sep. 30, 2022 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense (income) \| $								$ 15.3	$ 10.4
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accelerated cost \| $		$ 0.0						$ 0.0			$ 2.0
Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional shares reserved (in shares)	2,000,000
Shares reserved for issuance (in shares)		10,565,000						10,565,000			10,565,000
Shares remaining available for grants (in shares)		3,000,000						3,000,000			3,000,000
2022 Incentive Program \| Time-Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)		0	80,000	3,000,000
2022 Incentive Program \| Time-Based RSUs \| First Tranche
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting (in shares)								400,000
Award vesting, percentage								100.00%
2022 Incentive Program \| Time-Based RSUs \| Second Tranche
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting (in shares)								2,200,000
2022 Incentive Program \| Time-Based RSUs \| Second Tranche, Portion One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting, percentage								50.00%
2022 Incentive Program \| Time-Based RSUs \| Second Tranche, Portion Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting, percentage								50.00%
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 \| $		$ 0.2						$ 0.7			$ 8.2
2019 Transaction Incentive Program \| Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accelerated vesting, number of awards (in shares)								0
Accelerated cost \| $											$ 1.8
2019 Transaction Incentive Program \| Time-Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted and outstanding (in shares)		36,000			121,900			36,000	121,900		36,000
2019 Transaction Incentive Program \| Time-Based RSUs \| First Tranche
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting, percentage									50.00%
2019 Transaction Incentive Program \| Time-Based RSUs \| Second Tranche
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting, percentage									50.00%
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
2019 Transaction Incentive Program, Tier 1 \| Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accelerated vesting, number of awards (in shares)											47,743
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
LTIP Plan \| Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accelerated vesting, number of awards (in shares)								0			57,763
LTIP Plan \| Time-Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)		0	0	0	15,000	35,000	1,500,000
LTIP Plan \| Time-Based RSUs \| First Tranche
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting, percentage									50.00%
LTIP Plan \| Time-Based RSUs \| Second Tranche
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting, percentage									25.00%
LTIP Plan \| Time-Based RSUs \| Third Tranche
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting, percentage									25.00%
LTIP Plan \| Performance-Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense (income) \| $		$ (0.1)						$ (2.0)
Deferred stock-based compensation \| $		11.1						11.1			$ 11.1
Total LTIP and TIP RSU's \| Time-Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense (income) \| $		7.2						17.2
Deferred stock-based compensation \| $		$ 17.9						$ 17.9			$ 17.9
Fifth Amended and Restated Revlon, Inc Stock Plan \| Time-Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)				400,000

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - REVLON CONSUMER PRODUCTS CORPORATION AND SUBSIDIARIES (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Amortization of pension related costs, tax expense	$ 0.0	$ 0.0	$ 0.0	$ 0.0
Revlon Consumer Products Corporation
Amortization of pension related costs, tax expense	$ 0.0	$ 0.0	$ 0.0	$ 0.0

PENSION AND POST-RETIREMENT BENEFITS (Tables)

9 Months Ended

Sep. 30, 2022

Retirement Benefits [Abstract]

Schedule of Components of Net Periodic Benefit Costs



	Pension Plans				Other Post-Retirement Benefit Plans
	Three Months Ended September 30,
	2022		2021		2022		2021
Net periodic benefit costs:
Service cost	$	0.3	$	0.4	$	—	$	—
Interest cost	2.9		2.3		0.1		—
Expected return on plan assets	(4.8)		(4.9)		$	—	—
Amortization of actuarial loss	2.7		3.3		0.1		0.2

Total net periodic benefit costs prior to allocation	$	1.1	$	1.1	$	0.2	$	0.2
Portion allocated to Revlon Holdings	—		—		—		—
Total net periodic benefit costs	$	1.1	$	1.1	$	0.2	$	0.2


	Pension Plans				Other Post-Retirement Benefit Plans
	Nine Months Ended September 30,
	2022		2021		2022		2021
Net periodic benefit costs:
Service cost	$	0.9	$	1.1	$	—	$	—
Interest cost	8.6		6.9		0.2		0.1
Expected return on plan assets	(14.5)		(14.8)		—		—
Amortization of actuarial loss	8.3		9.9		0.2		0.5

Total net periodic benefit costs prior to allocation	$	3.3	$	3.1	$	0.4	$	0.6
Portion allocated to Revlon Holdings	—		(0.1)		—		—
Total net periodic benefit costs	$	3.3	$	3.0	$	0.4	$	0.6

Schedule of Classification of Net Periodic Benefit Costs

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net periodic benefit costs:

Selling, general and administrative expense	$	0.3	$	0.4	$	0.9	$	1.1
Miscellaneous, net	1.0		0.9		2.8		2.5
Total net periodic benefit costs	$	1.3	$	1.3	$	3.7	$	3.6

RESTRUCTURING CHARGES

9 Months Ended

Sep. 30, 2022

Restructuring and Related Activities [Abstract]

RESTRUCTURING CHARGES

Revlon Global Growth Accelerator Program

On March 2, 2022, the Company announced that it is extending and expanding its existing Revlon Global Growth Accelerator (“RGGA”) program through 2024. The extension and expansion will allow the Company to continue to focus on identifying and implementing new opportunities programmatically. The extension and expansion will provide an additional

year to implement larger projects and help make up for supply chain headwinds and the extended COVID restrictions throughout the globe.

The major initiatives underlying the RGGA Program will remain and include:

• Strategic Growth: Boost organic sales growth behind our strategic pillars – brands, markets, and channels -- to deliver mid-single digit Compound Average Annual Growth Rate through 2024.

• Operating Efficiencies: Drive additional operational efficiencies and cost savings for margin improvement and to fuel investments in growth.

• Build Capabilities: Build capabilities and embed the Revlon culture of one vision, one team.

Since inception and through September 30, 2022, the Company recorded pre-tax restructuring and related charges of $110.0 million in connection with RGGA, consisting primarily of (i) $81.4 million of employee severance, other personnel benefits and other costs; and (ii) $28.6 million of lease and other restructuring-related charges that were recorded within Selling, general & administrative expenses ("SG&A") and Cost of sales.

A summary of the RGGA charges incurred since its inception in March 2020 and through September 30, 2022 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
Charges incurred through December 31, 2021	$	52.7	$	23.9	$	76.6	$	17.7	$	7.6	$	101.9
Charges incurred during the nine months ended September 30, 2022	0.9		3.9		4.8		3.3		0.0		8.1
Cumulative charges incurred through September 30, 2022	$	53.6	$	27.8	$	81.4	$	21.0	$	7.6	$	110.0

(a) Lease-related charges are recorded within SG&A in the Company’s Consolidated Statement of Operations and Comprehensive Loss.

(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 RGGA restructuring charges incurred since its inception in March 2020 and through September 30, 2022 by reportable segment is presented in the following table:



	Charges incurred in the nine months ended September 30, 2022		Cumulative charges incurred through September 30, 2022
Revlon	$	1.7	$	29.7
Elizabeth Arden	1.6		20.6
Portfolio	1.0		19.0
Fragrances	0.5		12.1
Total	$	4.8	$	81.4

Restructuring Reserve

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



					Utilized, Net
	Liability Balance at January 1, 2022		Expense, Net		Cash		Liability Balance at September 30, 2022
RGGA:
Employee severance and other personnel benefits	$	1.9	$	0.9	$	(2.5)	$	0.3
Other	—		3.9		(3.9)		—
Total RGGA	1.9		4.8		(6.4)		0.3






Other restructuring initiatives:
Employee severance and other personnel benefits	0.8		(0.5)		—		0.3

Total other restructuring initiatives	0.8		(0.5)		—		0.3
Total restructuring reserve	$	2.7	$	4.3	$	(6.4)	$	0.6

All of the restructuring reserve balances were included within accrued expenses and other current liabilities in the Company's Consolidated Balance Sheets.

RESTRUCTURING CHARGES (Tables)

9 Months Ended

Sep. 30, 2022

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Charges

A summary of the RGGA charges incurred since its inception in March 2020 and through September 30, 2022 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
Charges incurred through December 31, 2021	$	52.7	$	23.9	$	76.6	$	17.7	$	7.6	$	101.9
Charges incurred during the nine months ended September 30, 2022	0.9		3.9		4.8		3.3		0.0		8.1
Cumulative charges incurred through September 30, 2022	$	53.6	$	27.8	$	81.4	$	21.0	$	7.6	$	110.0

(a) Lease-related charges are recorded within SG&A in the Company’s Consolidated Statement of Operations and Comprehensive Loss.

(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 RGGA restructuring charges incurred since its inception in March 2020 and through September 30, 2022 by reportable segment is presented in the following table:



	Charges incurred in the nine months ended September 30, 2022		Cumulative charges incurred through September 30, 2022
Revlon	$	1.7	$	29.7
Elizabeth Arden	1.6		20.6
Portfolio	1.0		19.0
Fragrances	0.5		12.1
Total	$	4.8	$	81.4

Schedule of Liability Balance and Activity of Restructuring Programs

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



					Utilized, Net
	Liability Balance at January 1, 2022		Expense, Net		Cash		Liability Balance at September 30, 2022
RGGA:
Employee severance and other personnel benefits	$	1.9	$	0.9	$	(2.5)	$	0.3
Other	—		3.9		(3.9)		—
Total RGGA	1.9		4.8		(6.4)		0.3






Other restructuring initiatives:
Employee severance and other personnel benefits	0.8		(0.5)		—		0.3

Total other restructuring initiatives	0.8		(0.5)		—		0.3
Total restructuring reserve	$	2.7	$	4.3	$	(6.4)	$	0.6

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)

3 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2022

Jun. 30, 2022

Mar. 31, 2022

Sep. 30, 2021

Jun. 30, 2021

Mar. 31, 2021

Sep. 30, 2022

Sep. 30, 2021

Dec. 31, 2021

CASH FLOWS FROM OPERATING ACTIVITIES:

Net loss

$ (152,800,000)

$ (275,600,000)

$ (67,000,000.0)

$ (53,100,000)

$ (67,700,000)

$ (96,000,000.0)

$ (495,400,000)

$ (216,800,000)

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

Depreciation and amortization

80,700,000

96,800,000

Foreign currency losses from re-measurement

41,400,000

11,500,000

Amortization of debt discount

300,000

700,000

Stock-based compensation amortization

15,300,000

10,400,000

Impairment charges

24,300,000

$ 0

(Benefit from) provision for deferred income taxes

(200,000)

3,900,000

Amortization of debt issuance costs

8,700,000

20,900,000

30,700,000

Gain on divested assets

100,000

(1,700,000)

Non-cash reorganization items, net

131,500,000

Pension and other post-retirement cost

3,700,000

3,600,000

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

19,000,000.0

14,100,000

Change in assets and liabilities:

Decrease (increase) in trade receivables

45,400,000

(44,400,000)

(Increase) in inventories

(55,400,000)

(8,100,000)

Decrease (increase) in prepaid expenses and other current assets

(85,900,000)

200,000

Increase (decrease) in accounts payable

(3,600,000)

56,100,000

Increase (decrease) in accrued expenses and other current liabilities

40,200,000

(25,200,000)

Decrease in deferred revenue

(2,000,000.0)

Pension and other post-retirement plan contributions

(4,400,000)

(20,500,000)

Purchases of permanent displays

(15,600,000)

(15,000,000.0)

Other, net

(11,200,000)

19,000,000.0

Net cash used in operating activities

(251,000,000.0)

(86,700,000)

CASH FLOWS FROM INVESTING ACTIVITIES:

Capital expenditures

(8,100,000)

(6,300,000)

Proceeds from the sale of certain assets

2,100,000

Net cash used in investing activities

(8,100,000)

(4,200,000)

CASH FLOWS FROM FINANCING ACTIVITIES:

Net decrease in short-term borrowings and overdraft

(600,000)

(12,500,000)

Borrowings on term loans

305,000,000.0

Repayments on term loans

^[1]

(88,600,000)

(186,700,000)

Net (repayments) borrowings under the revolving credit facilities

(600,000)

(2,700,000)

Borrowings on DIP Term Loan Facility

575,000,000.0

Repayments on Tranche A DIP ABL Facility

(67,200,000)

Payment of financing costs

(18,800,000)

(17,900,000)

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

(4,700)

(9,700)

(3,300,000)

(2,400,000)

Other financing activities

(200,000)

(300,000)

Net cash provided by (used in) financing activities

395,700,000

82,500,000

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

(7,300,000)

(2,400,000)

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

129,300,000

(10,800,000)

Cash, cash equivalents and restricted cash at beginning of period

^[2]

$ 120,900,000

$ 102,500,000

120,900,000

102,500,000

Cash, cash equivalents and restricted cash at end of period

$ 250,200,000

^[3]

$ 91,700,000

^[3]

250,200,000

^[3]

91,700,000

^[3]

$ 120,900,000

^[2]

Cash paid during the period for:

Interest

159,100,000

186,400,000

Income taxes, net of refunds

7,100,000

7,300,000

Reorganization items, net

69,500,000

Supplemental schedule of non-cash investing and financing activities:

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

$ 19,000,000.0

$ 14,100,000

[1]	Repayments on term loans for the nine months ended September 30, 2022 includes repayments of $75.0 million under the 2021 Foreign Asset Based Term Facility, $4.7 million under the 2020 BrandCo Term Loan Facility, $6.6 million for the 2020 Troubled-debt-restructuring future interest amortization, and $2.3 million under the 2016 Term Loan Facility. Repayments on term loans for the nine months ended September 30, 2021 includes repayments of $100.0 million under the 2021 SISO Term Loan facility, $58.9 million under the 2018 Foreign Asset-Based Term Facility, $11.6 million for the 2020 Troubled-debt-restructuring future interest amortization, $9.3 million under the 2020 BrandCo facilities and $6.9 million under the 2016 Term Loan Facility. See Note 8, "Debt" in the Company's 2021 Form 10-K for additional information on the Company's debt facilities.
[2]	This amount includes restricted cash of $18.5 million as of December 31, 2021. The balance as of December 31, 2021 represents: (i) cash on deposit in lieu of a mandatory prepayment and loan proceeds held in escrow until certain collateral perfection requirements are satisfied under the 2021 Foreign Asset-Based Term Agreement; and (ii) cash on deposit to support outstanding undrawn letters of credit.
[3]	These amounts include restricted cash of $3.8 million and $18.4 million as of September 30, 2022 and 2021, respectively. The balance as of September 30, 2022 primarily represents: cash on security deposit. The balance as of September 30, 2021 represents: (i) cash on deposit in lieu of a mandatory prepayment and loan proceeds held in escrow until certain collateral perfection requirements were satisfied under the 2021 Foreign Asset-Based Term Agreement; and (ii) cash on deposit to support surety bonds. These balances were included within prepaid expenses and other current assets and other assets in the Company's Consolidated Balance Sheets as of September 30, 2022 and September 30, 2021, respectively.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - REVLON CONSUMER PRODUCTS CORPORATION AND SUBSIDIARIES - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2022

Sep. 30, 2021

Sep. 30, 2022

Sep. 30, 2021

Net sales

$ 468.4

$ 521.1

$ 1,390.6

$ 1,463.5

Cost of sales

207.5

221.2

595.8

608.7

Gross profit

260.9

299.9

794.8

854.8

Selling, general and administrative expenses

248.5

256.1

758.4

796.0

Acquisition, integration and divestiture costs

0.2

0.6

0.7

1.8

Restructuring charges and other, net

(0.7)

9.0

4.3

22.8

Impairment charges

0.0

24.3

0.0

Gain on divested assets

0.0

0.1

0.0

(1.7)

Operating income (loss)

12.9

34.1

7.1

35.9

Other expenses:

Interest expense, net

56.2

63.1

175.8

183.9

Amortization of debt issuance costs

0.0

8.7

20.9

30.7

Foreign currency losses (gains), net

19.4

9.9

41.4

11.5

Miscellaneous, net

2.3

0.1

9.0

2.8

Reorganization items, net

85.0

0.0

243.3

0.0

Other expense (income), net

162.9

81.8

490.4

228.9

(Loss) income from operations before income taxes

(150.0)

(47.7)

(483.3)

(193.0)

(Benefit from) provision for income taxes

2.8

5.4

12.1

23.8

Net (loss) income

(152.8)

(53.1)

(495.4)

(216.8)

Other comprehensive income (loss):

Foreign currency translation adjustments

(6.2)

(0.6)

(8.2)

(6.0)

Amortization of pension related costs, net of tax

^[1],[2]

2.9

3.5

8.6

10.5

Other comprehensive (loss) income, net

(3.3)

^[3]

2.9

^[3]

0.4

4.5

Total comprehensive (loss) income

(156.1)

(50.2)

(495.0)

(212.3)

Revlon Consumer Products Corporation

Net sales

468.4

521.1

1,390.6

1,463.5

Cost of sales

207.5

221.2

595.8

608.7

Gross profit

260.9

299.9

794.8

854.8

Selling, general and administrative expenses

246.4

254.5

752.2

791.7

Acquisition, integration and divestiture costs

0.2

0.6

0.7

1.8

Restructuring charges and other, net

(0.7)

9.0

4.3

22.8

Impairment charges

0.0

24.3

0.0

Gain on divested assets

0.0

0.1

0.0

(1.7)

Operating income (loss)

15.0

35.7

13.3

40.2

Other expenses:

Interest expense, net

56.2

63.1

175.8

183.9

Amortization of debt issuance costs

0.0

8.7

20.9

30.7

Foreign currency losses (gains), net

19.4

9.9

41.4

11.5

Miscellaneous, net

4.3

0.1

14.4

2.8

Reorganization items, net

85.0

0.0

243.3

0.0

Other expense (income), net

164.9

81.8

495.8

228.9

(Loss) income from operations before income taxes

(149.9)

(46.1)

(482.5)

(188.7)

(Benefit from) provision for income taxes

2.8

5.5

12.1

23.9

Net (loss) income

(152.7)

(51.6)

(494.6)

(212.6)

Other comprehensive income (loss):

Foreign currency translation adjustments

(6.2)

(0.6)

(8.2)

(6.0)

Amortization of pension related costs, net of tax

^[4],[5]

2.9

3.5

8.6

10.5

Other comprehensive (loss) income, net

(3.3)

^[6]

2.9

^[6]

0.4

4.5

Total comprehensive (loss) income

$ (156.0)

$ (48.7)

$ (494.2)

$ (208.1)

[1]	Net of tax expense of nil for both the three months ended and nine months ended September 30, 2022 and 2021.
[2]	This amount is included in the computation of net periodic benefit costs (income). See Note 10, "Pension and Post-Retirement Benefits," for additional information regarding net periodic benefit costs (income).
[3]	See Note 13, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the nine months ended September 30, 2022 and 2021, respectively.
[4]	Net of tax expense of nil for both the three months ended and nine months ended September 30, 2022 and 2021
[5]	This amount is included in the computation of net periodic benefit costs (income). See Note 10, "Pension and Post-Retirement Benefits," for additional information regarding net periodic benefit costs (income).
[6]	See Note 13, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the nine months ended September 30, 2022 and 2021, respectively.

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

3 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2022

Jun. 30, 2022

Mar. 31, 2022

Sep. 30, 2021

Jun. 30, 2021

Mar. 31, 2021

Sep. 30, 2022

Sep. 30, 2021

Dec. 31, 2021

Income Statement [Abstract]

Net sales

$ 468.4

$ 521.1

$ 1,390.6

$ 1,463.5

Cost of sales

207.5

221.2

595.8

608.7

Gross profit

260.9

299.9

794.8

854.8

Selling, general and administrative expenses

248.5

256.1

758.4

796.0

Acquisition, integration and divestiture costs

0.2

0.6

0.7

1.8

Restructuring charges and other, net

(0.7)

9.0

4.3

22.8

Impairment charges

0.0

24.3

0.0

$ 0.0

Gain on divested assets

0.0

0.1

0.0

(1.7)

Operating income (loss)

12.9

34.1

7.1

35.9

Other expenses:

Interest expense, net

56.2

63.1

175.8

183.9

Amortization of debt issuance costs

0.0

8.7

20.9

30.7

Foreign currency losses (gains), net

19.4

9.9

41.4

11.5

Miscellaneous, net

2.3

0.1

9.0

2.8

Reorganization items, net

85.0

0.0

243.3

0.0

Other expense (income), net

162.9

81.8

490.4

228.9

(Loss) income from operations before income taxes

(150.0)

(47.7)

(483.3)

(193.0)

(Benefit from) provision for income taxes

2.8

5.4

12.1

23.8

Net (loss) income

(152.8)

$ (275.6)

$ (67.0)

(53.1)

$ (67.7)

$ (96.0)

(495.4)

(216.8)

Other comprehensive income (loss):

Foreign currency translation adjustments

(6.2)

(0.6)

(8.2)

(6.0)

Amortization of pension related costs, net of tax

^[1],[2]

2.9

3.5

8.6

10.5

Other comprehensive (loss) income, net

(3.3)

^[3]

$ (0.2)

^[3]

$ 3.9

^[3]

2.9

^[3]

$ 3.0

^[3]

$ (1.4)

^[3]

0.4

4.5

Total comprehensive (loss) income

$ (156.1)

$ (50.2)

$ (495.0)

$ (212.3)

Basic loss per common share (in dollars per share)

$ (2.77)

$ (0.98)

$ (9.04)

$ (4.02)

Diluted loss per common share (in dollars per share)

$ (2.77)

$ (0.98)

$ (9.04)

$ (4.02)

Weighted average number of common shares outstanding:

Basic (in shares)

55,111,423

54,025,861

54,818,140

53,899,732

Diluted (in shares)

55,111,423

54,025,861

54,818,140

53,899,732

[1]	Net of tax expense of nil for both the three months ended and nine months ended September 30, 2022 and 2021.
[2]	This amount is included in the computation of net periodic benefit costs (income). See Note 10, "Pension and Post-Retirement Benefits," for additional information regarding net periodic benefit costs (income).
[3]	See Note 13, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the nine months ended September 30, 2022 and 2021, respectively.

CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIENCY (Parenthetical) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Tax withholdings related to net share settlements of restricted stock units and awards	$ 4,700	$ 9,700	$ 3,300,000	$ 2,400,000
Treasury Stock
Shares withheld for withholding taxes (in shares)	875	763	431,209	163,259
Treasury Stock \| Restricted Stock and Restricted Stock Units \| Class A Common Stock
Share repurchase price (in dollars per share)	$ 5.42	$ 12.84	$ 7.72	$ 14.94

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Revlon, Inc. ("Revlon" and together with its subsidiaries, the "Company") conducts its business exclusively through its direct wholly-owned operating subsidiary, Revlon Consumer Products Corporation ("Products Corporation") and its subsidiaries. Revlon is an indirect majority-owned subsidiary of MacAndrews & Forbes Incorporated (together with certain of its affiliates other than the Company, "MacAndrews & Forbes"), a corporation 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. Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements and related notes have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The unaudited Condensed Consolidated Financial Statements reflect all normal recurring adjustments which, in management’s opinion, are necessary for a fair statement of the Company's financial position, results of operations and stockholders' equity and cash flows for interim periods. Revlon reclassifies certain prior year amounts, as applicable, to conform to the current year presentation. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 (the “2021 Form 10-K”). Operating results for the interim periods are not necessarily indicative of the results that may be expected for the full year. Use of Estimates The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Significant estimates made in the accompanying unaudited Condensed Consolidated Financial Statements include, but are not limited to, provisions for 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 which are based on full year assumptions and are included in the accompanying unaudited Condensed Consolidated Financial Statements in proportion with the estimated annual tax rates, the passage of time or estimated annual sales, as applicable. The Company's results of operations and financial position for the interim periods are not indicative of those to be expected for the full year. Significant Accounting Policies The Company made no material changes in the application of its significant accounting policies that were disclosed in Note 1, “Description of Business and Summary of Significant Accounting Policies,” to the audited consolidated financial statements as of and for the fiscal year ended December 31, 2021 included in the 2021 Form 10-K. Voluntary Filing under Chapter 11 On June 15, 2022 and June 16, 2022 (the “Petition Date”), Revlon Inc. and certain of its subsidiaries, including Revlon Consumer Products Corporation (collectively, the “Debtors”), filed voluntary petitions (the “Bankruptcy Petitions”) for reorganization under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (such court, the “Bankruptcy Court” and such cases, the “Cases”). On June 16, 2022, the Bankruptcy Court entered an order authorizing the joint administration of the Chapter 11 Cases under the caption In re Revlon Inc, Case No. 22-10760. The Debtors will continue to operate their businesses as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court. To ensure their ability to continue operating in the ordinary course of business, the Debtors sought from the Bankruptcy Court a variety of “first-day” relief and "second-day" relief, including authority to obtain debtor-in-possession financing, pay employee wages and benefits, pay vendors and suppliers in the ordinary course for all goods and services provided after the Petition Date and pay fees of professionals involved in the Cases. As of August 2, 2022, all "first-day" and "second-day" relief has been granted by the Bankruptcy Court on a final basis. As previously disclosed by the Company, the filing of the Bankruptcy Petitions constituted an event of default that accelerated the Company’s obligations under the following debt instruments: •Term Loan Agreement, dated as of September 7, 2016 (as amended, modified or supplemented from time to time), by and among Products Corporation, the Company, certain lenders party thereto and Citibank, N.A., as administrative agent and collateral agent, related to $872.4 million outstanding aggregate principal amount of loans; •Asset-Based Revolving Credit Agreement, dated as of September 7, 2016 (as amended, modified or supplemented from time to time, the “ABL Credit Agreement”), by and among Products Corporation, certain local borrowing subsidiaries from time to time party thereto, the Company, certain lenders party thereto and MidCap Funding IV Trust, as administrative agent and collateral agent, related to $289.0 million outstanding aggregate principal amount of loans, consisting of $109.0 million of Tranche A revolving loans, $50.0 million of 2020 ABL FILO Term Loans and $130.0 million of SISO Term Loan Facility loans; •BrandCo Credit Agreement, dated as of May 7, 2020 (as amended, modified or supplemented from time to time, the “BrandCo Credit Agreement”), by and among Products Corporation, the Company, the other loan parties and lenders party thereto and Jefferies Finance LLC, as administrative agent, related to $1,878.0 million outstanding aggregate principal amount of loans; and •Indenture, dated as of August 4, 2016 (as amended, modified or supplemented from time to time), between Products Corporation and U.S. Bank National Association, as Trustee, governing the 6.25% Senior Notes which mature on August 1, 2024, of which $431.3 million aggregate principal amount were outstanding. The debt instruments set forth above provide that as a result of the Bankruptcy Petitions, the principal and interest due thereunder shall be immediately due and payable. Any efforts to enforce such payment obligations under the debt instruments set forth above are automatically stayed as a result of the Bankruptcy Petitions, and the creditors’ rights of enforcement in respect of the debt instruments set forth above are subject to the applicable provisions of the Bankruptcy Code. In addition, the filing of the Bankruptcy Petitions and resulting event of default under the debt instruments set forth above constituted an event of default under the 2021 Foreign Asset-Based Term Agreement. The 2021 Foreign Asset-Based Term Agreement lenders agreed not to enforce remedies, subject to the terms and conditions of a First Forbearance Agreement and Second Amendment to the Asset-Based Term Loan Credit Agreement dated as of June 15, 2022, and the 2021 Foreign Asset-Based Term Agreement was subsequently repaid in full and discharged. In the third quarter of 2022, the Company implemented a Key Employee Incentive Plan (the “KEIP”) and a Key Employee Retention Plan (the “KERP”), each of which has been approved by the Bankruptcy Court. Under the KEIP, participants were granted performance-based awards (each, a “KEIP Award”), with an individual target award amount (each, a “Target Award”), which is the amount that may be earned if performance against the goals for each of the KEIP metrics is earned at target. For 2022, assuming at least threshold performance is achieved for each of the KEIP metrics, the awards may be earned from 50% to 100% of the Target Award based upon performance against 2022 goals for each of the KEIP metrics, and for 2023, the KEIP Awards may be earned from 50% to 150% of the Target Award, based upon performance against 2023 goals for each of the KEIP metrics. The aggregate value of Target Awards eligible to be made to the KEIP participants is approximately $29 million. Payouts under the KEIP Awards may be as low as $0 for all KEIP participants in the aggregate, or as high as approximately $36 million for all KEIP participants in the aggregate, and subject generally to the participant’s continued employment through each quarter (and subject to full or partial clawback through the earlier of December 31, 2023 or the date of confirmation of the plan of reorganization). The KEIP Awards are payable in quarterly installments over an 18-month period. The KERP provides for grants of retention awards, which are payable in quarterly installments over an 18-month period, subject generally to the participant’s continued employment through each payment date (and subject to clawback through the earlier of June 30, 2023 or the date of confirmation of the plan of reorganization). The aggregate value of the awards payable under the KERP is approximately $15.4 million. Adoption of ASC 852 Beginning on the Petition Date, the Company applied Financial Accounting Standards Board Codification Topic 852, Reorganizations ("ASC 852") in preparing the consolidated financial statements. ASC 852 requires the financial statements, for the periods subsequent to the Petition Date cases and up to and including the period of emergence from Chapter 11 (the “Effective Date”), to distinguish transactions and events that are directly associated with the reorganization from the ongoing operations of the business. Accordingly, certain charges incurred during the bankruptcy proceedings, such as the write-off of deferred financing costs and discount on debt subject to compromise and, legal and professional fees incurred directly as a result of the bankruptcy proceeding are recorded as Reorganization items, net in the Consolidated Statements of Operations and Comprehensive Loss. In addition, prepetition obligations that may be impacted by the Chapter 11 process have been classified on the Consolidated Balance Sheets as of September 30, 2022 as liabilities subject to compromise. These liabilities are reported at the amounts we anticipate will be allowed by the Bankruptcy Court, even if they may be settled for lesser amounts. See Note 19, Liabilities Subject to Compromise and Note 20. Reorganization Items, Net for more information regarding these items. Debtors-In-Possession Prior to the commencement of the Chapter 11 Cases, the Company secured commitments to enter into (i) a superpriority senior secured debtor-in-possession asset-based loan facility (the “DIP ABL Facility”), in the maximum aggregate principal amount of $400 million, with certain financial institutions party thereto as lenders and MidCap Funding IV Trust, as administrative agent and collateral agent, (ii) a superpriority senior secured debtor-in-possession term loan facility (the “DIP Term Loan Facility”), in the aggregate principal amount of $575 million, with certain financial institutions party thereto as lenders and Jefferies Finance, LLC, as administrative agent and collateral agent, and (iii) a superpriority junior secured debtor-in-possession intercompany credit facility (the “Intercompany DIP Facility” and, together with the DIP ABL Facility and the DIP Term Loan Facility, the “DIP Facilities”) with the Debtors that are BrandCos (as defined in the BrandCo Credit Agreement referred to herein) (the “BrandCos”). The Debtors are currently operating as debtors-in-possession in accordance with the applicable provisions of the Bankruptcy Code. The Bankruptcy Court has approved motions filed by the Debtors that were designed primarily to mitigate the impact of the Chapter 11 Cases on the Company’s operations, customers and employees. In general, as debtors-in-possession under the Bankruptcy Code, the Debtors are authorized to continue to operate as an ongoing business, but may not engage in transactions outside the ordinary course of business without the prior approval of the Bankruptcy Court. Pursuant to motions filed with the Bankruptcy Court, the Bankruptcy Court enabled the Debtors to continue to conduct their business activities in the ordinary course by minimizing the impact of the Debtors' bankruptcy filing on day to day operations, including by, among other things and subject to the terms and conditions of such orders, authorizing the Debtors to: (i) pay employees’ wages and related obligations; (ii) pay prepetition claims of certain lien claimants and critical vendors; (iii) continue to operate their cash management system in a form substantially similar to pre-petition practice and perform intercompany transactions in the ordinary course; (iv) continue to maintain and administer certain existing customer programs; (v) pay taxes in the ordinary course; (vi) continue their surety bond program; (vii) maintain their insurance program in the ordinary course and (viii) retain certain professionals in the ordinary course. Automatic Stay Subject to certain specific exceptions under the Bankruptcy Code, the Bankruptcy Petitions automatically stayed most judicial or administrative actions against the Debtors and efforts by creditors to collect on or otherwise exercise rights or remedies with respect to pre-petition claims. Absent an order from the Bankruptcy Court, substantially all of the Debtors’ pre-petition liabilities are subject to settlement under the Bankruptcy Code. See Note 21. Condensed Combined Debtor-In-Possession Financial Information. Executory Contracts Subject to certain exceptions, under the Bankruptcy Code, the Debtors may assume, amend or reject certain executory contracts and unexpired leases subject to the approval of the Bankruptcy Court and certain other conditions. Generally, the rejection of an executory contract or unexpired lease is treated as a pre-petition breach of such executory contract or unexpired lease and, subject to certain exceptions, relieves the Debtors from performing their future obligations under such executory contract or unexpired lease but entitles the contract counterparty or lessor to a pre-petition general unsecured claim for damages caused by such deemed breach. Generally, the assumption of an executory contract or unexpired lease requires the Debtors to cure existing monetary defaults under such executory contract or unexpired lease and provide adequate assurance of future performance. Accordingly, any description of an executory contract or unexpired lease with the Debtors in this document, including where applicable a quantification of the Company’s obligations under any such executory contract or unexpired lease of the Debtors, is qualified by any overriding rejection rights the Company has under the Bankruptcy Code. Claims Reconciliation The Debtors have filed with the Bankruptcy Court schedules and statements setting forth, among other things, the assets and liabilities of each of the Debtors, subject to the assumptions filed in connection therewith. These schedules and statements may be subject to further amendment or modification after filing. Pursuant to an order of the Bankruptcy Court, certain holders of pre-petition claims that are not governmental units were required to file proofs of claim by October 24, 2022, the general claims bar date. Governmental units are required to file proof of claims by December 12, 2022. Debtors have received approximately 5,000 proofs of claim as of November 3, 2022 for an amount of approximately $22.6 billion. Such amount includes duplicate claims across multiple Debtor legal entities. These claims will be reconciled to amounts recorded in the Company's accounting records. Differences in amounts recorded and claims filed by creditors will be investigated and resolved, including through the filing of objections with the Bankruptcy Court, where appropriate. The Company may ask the Bankruptcy Court to disallow claims that the Company believes are duplicative, have been later amended or superseded, are without merit, are overstated or should be disallowed for other reasons. In addition, as a result of this process, the Company may identify additional liabilities that will need to be recorded or reclassified to liabilities subject to compromise. In light of the substantial number of claims expected to be filed, the claims resolution process may take considerable time to complete and likely will continue throughout the Chapter 11 proceedings. Going Concern 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 September 30, 2022, the Company had a liquidity position of $273.4 million, consisting of: (i) $246.4 million of unrestricted cash and cash equivalents (with approximately $87.4 million held outside the U.S.); (ii) $29.6 million in available borrowing capacity under the Tranche A DIP ABL (as defined herein) (which had $41.8 million drawn at such date); and less (iii) approximately $2.6 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 Company's ability to continue as a going concern is contingent upon, among other things, its ability to, subject to the Bankruptcy Court's approval as applicable, (i) file and implement a business plan of reorganization in a timely manner and within the milestones that have been established under the DIP Facilities, including entering into a restructuring support agreement by November 15, 2022; filing a plan of reorganization by December 14, 2022; obtaining confirmation of the plan by April 1, 2023 and emerging from Chapter 11 by April 15, 2023 and (ii) generate sufficient liquidity during the Chapter 11 proceedings and following emergence from Chapter 11 to meet our contractual obligations and operating needs. As a result of risks and uncertainties related to, among other things, (i) the Company's ability to obtain requisite support for the business plan of reorganization from various stakeholders, and (ii) the disruptive effects of the Chapter 11 proceedings on our business and liquidity making it potentially more difficult to maintain business, financing and operational relationships, substantial doubt exists regarding our ability to continue as a going concern within one year after the date that the financial statements are issued. The filing of the Chapter 11 Cases constituted an event of default that accelerated substantially all of the Company's obligations under nearly all of its pre-petition debt instruments. As such, the Company reclassified all pre-petition debt obligations to liabilities subject to compromise on its condensed consolidated balance sheets as of September 30, 2022. For additional discussion regarding the impact of the Chapter 11 Cases on the Company's debt obligations, see Note 7. Debt. The Company's condensed consolidated financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should we be unable to continue as a going concern. NYSE Delisting and Transfer to the Over-the-Counter ("OTC") Market On June 16, 2022, the Company received a letter from the staff of NYSE Regulation, Inc. (“NYSE Regulation”) that it had determined to commence proceedings to delist the Class A Common Stock of the Company from the New York Stock Exchange (“NYSE”) in light of the Company’s disclosure on June 15, 2022 that it had commenced voluntary petitions for reorganization under Chapter 11. The Company appealed the determination in a timely manner. On October 13, 2022, the NYSE reviewed the Company’s appeal. On October 20, 2022, the NYSE informed the Company, and publicly announced its determination following such appeal, that the Company’s Class A Common Stock is no longer suitable for listing on the NYSE and that the NYSE has suspended trading in the Company’s Class A Common Stock (NYSE ticker symbol: REV) after the market close on October 20, 2022. On October 21, 2022, the NYSE applied to the Securities and Exchange Commission pursuant to Form 25 to remove the Class A Common Stock of the Company from listing and registration on the NYSE at the opening of business on November 1, 2022. As a result of the suspension and delisting, the Company's Class A Common Stock began trading exclusively on the OTC market on October 21, 2022 under the symbol REVRQ. Impact of COVID-19 The COVID-19 pandemic had a significant and adverse impact on the beauty industry and the Company’s business in 2020 and 2021, and the COVID-19 pandemic continues to impact the Company’s business in 2022. The COVID-19 pandemic has contributed to the imposition of face mask mandates, lockdowns and other significant restrictions in the United States and abroad from time to time; global supply chain disruptions, including manufacturing and transportation delays, due to closures, employee absences, port congestion, labor and container shortages, and shipment delays, increased transportation costs, and shortages in raw materials, tight labor markets and inflationary pressures for a number of industries, including consumer retail, and related consumer products shortages and price increases; closures, bankruptcies and/ or reduced operations of retailers, beauty salons, spas, offices and manufacturing facilities; labor shortages with employers in many industries, including consumer retail, experiencing increased competition to recruit, hire and retain employees; travel and transportation restrictions leading to declines in consumer traffic in key shopping and tourist areas around the globe; and import and export restrictions. With the roll out of COVID-19 vaccinations in 2021 and the easing of COVID-19 restrictions in the United States and in many of the Company’s key markets around the globe, the Company saw a gradual rebound in consumer spending and consumption in 2021, which has continued into 2022. The Company continues to closely monitor the associated impacts of COVID-19, including the impacts of any new variants of COVID-19 and subsequent “waves” of the pandemic, and will take appropriate actions in an effort to mitigate the COVID-19 pandemic’s negative effects on the Company’s operations and financial results. The Company continues to focus on cost reduction and risk mitigation actions to address the ongoing impact from the COVID-19 pandemic as well as other macroeconomic headwinds, such as rising global inflation and a potential economic recession or contraction in the near future. The Company may generate additional liquidity through continued cost control initiatives as well as funds provided by selling certain assets or other strategic transactions, potentially subject to Bankruptcy Court approval. If sales decline, the Company’s cost control initiatives may include reductions in discretionary spend and reductions in investments in capital and permanent displays. 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 the London Interbank Offered Rate ("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 FASB voted to propose extending the sunset date under Topic 848 to December 31, 2024 for the shift from LIBOR when that rate and other rates expire. The FASB is expected to come to a decision later this year. The Company's debt arrangements have provisions in place for a replacement reference rate and the Company continues to assess 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 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. The Company made an initial assessment of the impact of the new credit loss model and does not expect a material impact as the majority of the receivables are short-term. The Company will continue to assess the impact that this guidance is expected to have on the Company’s results of operations, financial condition and/or financial statement disclosures.

INVENTORIES (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Finished goods	$ 299.1	$ 277.0
Raw materials and supplies	145.4	125.3
Work-in-process	11.5	15.1
Inventories	$ 456.0	$ 417.4

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Schedule of Accrued Liabilities [Line Items]
Advertising, marketing and promotional costs	$ 93.4	$ 113.3
Sales returns and allowances	70.2	92.3
Taxes	55.4	52.8
Compensation and related benefits	61.7	33.7
Professional services and insurance	45.5	28.5
Interest	8.3	31.3
Freight and distribution costs	15.6	18.4
Short-term lease liability	4.6	12.9
Restructuring reserve	0.6	2.7
Software	0.7	2.2
Other	36.1	43.9
Total	392.1	432.0
Revlon Consumer Products Corporation
Schedule of Accrued Liabilities [Line Items]
Other	36.4	44.0
Total	$ 392.3	$ 432.1

SEGMENT DATA AND RELATED INFORMATION - Net Sales and Segment Profit (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Net sales	$ 468.4	$ 521.1	$ 1,390.6	$ 1,463.5
Segment profit	12.9	34.1	7.1	35.9
Depreciation and amortization			80.7	96.8
Non-Operating items:
Acquisition, integration and divestiture costs	0.2	0.6	0.7	1.8
Gain on divested assets	0.0	0.1	0.0	(1.7)
Impairment charges	0.0	0.0	24.3	0.0	$ 0.0
Operating income (loss)	12.9	34.1	7.1	35.9
Interest Expense	56.2	63.1	175.8	183.9
Amortization of debt issuance costs	0.0	8.7	20.9	30.7
Foreign currency losses (gains), net	19.4	9.9	41.4	11.5
Miscellaneous, net	2.3	0.1	9.0	2.8
Reorganization items, net	85.0	0.0	243.3	0.0
(Loss) income from operations before income taxes	(150.0)	(47.7)	(483.3)	(193.0)
Operating segments
Segment Reporting Information [Line Items]
Net sales	468.4	521.1	1,390.6	1,463.5
Segment profit	50.3	82.4	160.5	184.5
Non-Operating items:
Operating income (loss)	50.3	82.4	160.5	184.5
Segment reconciling items
Segment Reporting Information [Line Items]
Depreciation and amortization	26.3	31.2	80.7	96.8
Non-cash stock compensation expense	7.2	3.9	15.3	10.4
Non-Operating items:
Restructuring and related charges	3.5	10.8	28.5	28.0
Acquisition, integration and divestiture costs	0.2	0.6	0.7	1.8
Gain on divested assets	0.0	0.1	0.0	(1.7)
Financial control remediation and sustainability actions and related charges	0.0	0.0	0.0	0.4
COVID-19 charges	0.0	(0.1)	0.0	6.1
Capital structure and related charges	0.2	1.8	3.9	6.8
Impairment charges	0.0	0.0	24.3	0.0
Revlon
Segment Reporting Information [Line Items]
Net sales	176.6	173.0	544.9	521.8
Non-Operating items:
Impairment charges			0.0
Revlon \| Operating segments
Segment Reporting Information [Line Items]
Net sales	176.6	173.0	544.9	521.8
Segment profit	13.8	16.1	62.1	45.3
Non-Operating items:
Operating income (loss)	13.8	16.1	62.1	45.3
Elizabeth Arden
Segment Reporting Information [Line Items]
Net sales	120.7	122.8	347.7	359.7
Non-Operating items:
Impairment charges			0.0
Elizabeth Arden \| Operating segments
Segment Reporting Information [Line Items]
Net sales	120.7	122.8	347.7	359.7
Segment profit	16.0	21.3	39.9	42.1
Non-Operating items:
Operating income (loss)	16.0	21.3	39.9	42.1
Portfolio
Segment Reporting Information [Line Items]
Net sales	83.0	112.7	268.4	307.4
Non-Operating items:
Impairment charges			24.3
Portfolio \| Operating segments
Segment Reporting Information [Line Items]
Net sales	83.0	112.7	268.4	307.4
Segment profit	3.5	22.1	25.7	46.3
Non-Operating items:
Operating income (loss)	3.5	22.1	25.7	46.3
Fragrance
Segment Reporting Information [Line Items]
Net sales	88.1	112.6	229.6	274.6
Non-Operating items:
Impairment charges			0.0
Fragrance \| Operating segments
Segment Reporting Information [Line Items]
Net sales	88.1	112.6	229.6	274.6
Segment profit	17.0	22.9	32.8	50.8
Non-Operating items:
Operating income (loss)	17.0	22.9	32.8	50.8
Revlon Consumer Products Corporation
Segment Reporting Information [Line Items]
Net sales	468.4	521.1	1,390.6	1,463.5
Segment profit	15.0	35.7	13.3	40.2
Depreciation and amortization	26.3	31.2	80.7	96.8
Non-cash stock compensation expense	7.2	3.9	15.3	10.4
Non-Operating items:
Acquisition, integration and divestiture costs	0.2	0.6	0.7	1.8
Gain on divested assets	0.0	0.1	0.0	(1.7)
Impairment charges	0.0	0.0	24.3	0.0
Operating income (loss)	15.0	35.7	13.3	40.2
Interest Expense	56.2	63.1	175.8	183.9
Amortization of debt issuance costs	0.0	8.7	20.9	30.7
Foreign currency losses (gains), net	19.4	9.9	41.4	11.5
Miscellaneous, net	4.3	0.1	14.4	2.8
Reorganization items, net	85.0	0.0	243.3	0.0
(Loss) income from operations before income taxes	(149.9)	(46.1)	(482.5)	(188.7)
Revlon Consumer Products Corporation \| Operating segments
Segment Reporting Information [Line Items]
Net sales	468.4	521.1	1,390.6	1,463.5
Segment profit	52.4	84.0	166.7	188.8
Non-Operating items:
Operating income (loss)	52.4	84.0	166.7	188.8
Revlon Consumer Products Corporation \| Segment reconciling items
Non-Operating items:
Restructuring and related charges	3.5	10.8	28.5	28.0
Acquisition, integration and divestiture costs	0.2	0.6	0.7	1.8
Gain on divested assets	0.0	0.1	0.0	(1.7)
Financial control remediation and sustainability actions and related charges	0.0	0.0	0.0	0.4
COVID-19 charges	0.0	(0.1)	0.0	6.1
Capital structure and related charges	0.2	1.8	3.9	6.8
Impairment charges	0.0	0.0	24.3	0.0
Revlon Consumer Products Corporation \| Revlon \| Operating segments
Segment Reporting Information [Line Items]
Net sales	176.6	173.0	544.9	521.8
Segment profit	14.6	16.6	64.5	46.8
Non-Operating items:
Operating income (loss)	14.6	16.6	64.5	46.8
Revlon Consumer Products Corporation \| Elizabeth Arden \| Operating segments
Segment Reporting Information [Line Items]
Net sales	120.7	122.8	347.7	359.7
Segment profit	16.6	21.7	41.5	43.1
Non-Operating items:
Operating income (loss)	16.6	21.7	41.5	43.1
Revlon Consumer Products Corporation \| Portfolio \| Operating segments
Segment Reporting Information [Line Items]
Net sales	83.0	112.7	268.4	307.4
Segment profit	3.9	22.5	26.9	47.3
Non-Operating items:
Operating income (loss)	3.9	22.5	26.9	47.3
Revlon Consumer Products Corporation \| Fragrance \| Operating segments
Segment Reporting Information [Line Items]
Net sales	88.1	112.6	229.6	274.6
Segment profit	17.3	23.2	33.8	51.6
Non-Operating items:
Operating income (loss)	$ 17.3	$ 23.2	$ 33.8	$ 51.6

CONTINGENCIES	9 Months Ended
CONTINGENCIES	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES Citibank Litigation Litigation regarding 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 the 2016 Credit Agreement remains ongoing. The wire payments at issue were made to all lenders under the 2016 Credit Agreement 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. In the matter captioned In re Citibank August 11, 2020 Wire Transfers, 520 F. Supp. 3d 390 (S.D.N.Y. 2021) (the “Citi Decision”), the United States District Court for the Southern District of New York (the “District Court”) held that the wire transfers were final and complete transactions not subject to revocation. Citi appealed the Citi Decision. Citi also asserted subrogation rights, but, as yet, there has been no determination of those rights, if any, under the 2016 Credit Agreement and Revlon has not taken a position on this issue. In these circumstances, prior to the Petition Date, the Company continued to make the scheduled payments under the 2016 Credit Agreement as if the full amount of the 2016 Credit Agreement remained outstanding. Following the Petition Date, the Company's payments under the 2016 Credit Agreement are automatically stayed as a result of the Bankruptcy Petitions. Subsequently, in the matter captioned Citibank, N.A. v. Brigade Cap. Mgmt., LP, No. 21-487, 2022 WL 4102227 (2d Cir. Sept. 8, 2022), the United States Court of Appeals for the Second Circuit (the “Second Circuit”) reversed the District Court’s ruling in the Citi Decision, holding that Citi is entitled to return of the mistakenly transferred funds. The defendants’ petition for rehearing and rehearing en banc was denied on October 12, 2022. The case was remanded to the District Court, and the parties have until November 10, 2022 to submit a joint letter addressing the next steps, if any, in the litigation. Adversary Complaints August 12, 2022 Adversary Complaint On August 12, 2022, Citi filed an Adversary Complaint (the “August 12, 2022 Adversary Complaint”) against Revlon, Inc., Products Corporation, and several of Products Corporation’s subsidiaries in the U.S. Bankruptcy Court for the Southern District of New York, Case No. 22-10760-dsj [Docket No. 373]. The August 12, 2022 Adversary Complaint arises out of the District Court’s judgment entered on February 16, 2021 in the Citibank Litigation described above. Because the Second Circuit vacated the District Court’s judgment and remanded the case for further proceedings (In re Citibank August 11, 2020 Wire Transfers, No. 21-487 (2d Cir. 2022)), the parties agreed to stay the adversary proceeding pending disposition of the District Court litigation. October 31, 2022 Adversary Complaint On October 31, 2022, a group of lenders under the Term Credit Agreement, dated as of September 7, 2016, by and among Products Corporation, as borrower, Revlon, Inc., the lenders from time to time parties thereto and Citibank, N.A, as administrative agent and collateral agent (as amended, restated, supplemented or otherwise modified from time to time, the “2016 Credit Agreement”) filed an Adversary Complaint against Revlon, Inc., Products Corporation, several of Products Corporation’s subsidiaries, and several of Products Corporation’s contractual counterparties, including Jefferies Finance LLC, Jefferies LLC, and several lenders under the 2020 BrandCo Credit Agreement, dated May 7, 2020, by and among Products Corporation, Jefferies Finance LLC, as administrative agent and collateral agent, and certain financial institutions that are lenders or the affiliates of lenders under Products Corporation’s 2016 Credit Agreement, in the U.S. Bankruptcy Court for the Southern District of New York (the “ October 31, 2022 Adversary Complaint”), Case No. 22-10760-dsj [Docket No. 956]. The October 31, 2022 Adversary Complaint alleges various spurious causes of action, stemming from various alleged breaches of the provisions of the 2016 Credit Agreement, including claims for breach of contract, declaratory judgment, breach of the implied covenant of good faith and fair dealing, conversion, aiding and abetting conversion, unjust enrichment, equitable subordination, tortious interference with contract, and constructive trust. The October 31, 2022 Adversary Complaint seeks various forms of relief, including declaratory relief, specific performance, rescission of certain existing agreements, injunctive relief, damages, costs and expenses, attorneys’ fees, and pre-judgment interest. The Company believes that the lawsuit is without merit and intends to vigorously contest its claims. Other The Company is involved in various routine legal proceedings incidental to the ordinary course of its business. The Company believes that the outcome of all pending legal proceedings in the aggregate is not reasonably likely to have a material adverse effect on the Company’s business, prospects, results of operations, financial condition and/or cash flows. However, in light of the uncertainties involved in legal proceedings generally, the ultimate outcome of a particular matter could be material to the Company’s operating results for a particular period depending on, among other things, the size of the loss or the nature of the liability imposed and the level of the Company’s income for that particular period. On June 15, 2022, the Company and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in Bankruptcy Court. As a result of such bankruptcy filings, substantially all proceedings pending against the Debtors have been stayed.

CONSOLIDATED BALANCE SHEETS - REVLON CONSUMER PRODUCTS CORPORATION AND SUBSIDIARIES (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Trade receivables, allowance for doubtful accounts	$ 6.9	$ 9.0
Property, plant and equipment, accumulated depreciation	549.2	551.3
Intangible assets, accumulated amortization and impairment	$ 368.4	$ 326.4
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	900,000,000	900,000,000
Common stock, issued (in shares)	60,399,830	58,005,142
Revlon Consumer Products Corporation
Trade receivables, allowance for doubtful accounts	$ 6.9	$ 9.0
Property, plant and equipment, accumulated depreciation	549.2	551.3
Intangible assets, accumulated amortization and impairment	$ 368.4	$ 326.4
Preferred stock, par value (in dollars per share)	$ 1.00	$ 1.00
Preferred stock, authorized (in shares)	1,000	1,000
Preferred stock, issued (in shares)	546	546
Preferred stock, outstanding (in shares)	546	546
Common stock, par value (in dollars per share)	$ 1.00	$ 1.00
Common stock, authorized (in shares)	10,000	10,000
Common stock, issued (in shares)	5,260	5,260
Common stock, outstanding (in shares)	5,260	5,260

DEBT - Foreign Subsidiaries (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Cash and cash equivalents	$ 246.4	$ 102.4
Foreign subsidiaries
Debt Instrument [Line Items]
Cash and cash equivalents	$ 87.4

LIABILITIES SUBJECT TO COMPROMISE

9 Months Ended

Sep. 30, 2022

Reorganizations [Abstract]

LIABILITIES SUBJECT TO COMPROMISE


	September 30,
	2022
Accounts payable	$	89.6
Accrued expenses	141.9
Other liabilities	106.3
Debt subject to compromise	3,277.3

Total liabilities subject to compromise	$	3,615.1

REORGANIZATION ITEMS, NET


	Three Months Ended		Nine Months Ended
	September 30, 2022		September 30, 2022
Write off of deferred financing costs and discount on debt subject to compromise	$	—	$	124.8
DIP facilities financing costs	2.0		16.8
Professional fees	81.6		96.0
Other	0.4		4.7
Gain on settlement of pre-petition accounts payable	(9.3)		(9.3)
Bankruptcy related employee compensation programs	$	10.3	$	10.3
Reorganization items, net	$	85.0	$	243.3

CONDENSED CONSOLIDATION DEBTOR-IN-POSSESSION FINANCIAL INFORMATION

REVLON, INC. AND SUBSIDIARIES

(DEBTOR-IN-POSSESSION)

CONSOLIDATED BALANCE SHEETS

(dollars in millions, except share and per share amounts)

(Unaudited)


	September 30, 2022		December 31, 2021

ASSETS
Current assets:
Cash and cash equivalents	$	168.5	$	17.9
Trade receivables (net of allowance for doubtful accounts of $0.7 and $2.3, respectively)	188.4		258.7
Trade receivables from non-debtor subsidiaries	453.8		400.4
Inventories, net	292.4		261.8
Prepaid expenses and other assets	171.4		74.5
Total current assets	1,274.5		1,013.3
Property, plant and equipment (net of accumulated depreciation of $433.2 and $426.0, respectively)	185.2		219.4
Deferred income taxes	2.7		17.5
Goodwill	540.0		540.0
Intangible assets (net of accumulated amortization and impairment of $226.3 and $274.4, respectively)	278.7		320.8
Investment in subsidiaries	877.7		874.5
Due from affiliates	254.8		249.8
Other assets	75.3		74.8
Total assets	$	3,488.9	$	3,310.1

LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Current liabilities:
Short-term borrowings	$	—	$	—
Current portion of long-term debt	746.8		137.1
Accounts payable	52.6		134.7
Accounts payable to non-debtors	7.9		234.5
Accrued expenses and other current liabilities	231.2		267.1
Total current liabilities	$	1,038.5	$	773.4
Long-term debt	—		3,234.2
Long-term pension and other post-retirement plan liabilities	79.8		141.3
Other long-term liabilities	7.8		337.9
Liabilities subject to compromise	4,098.4		—
Total liabilities	5,224.5		4,486.8
Stockholder’s (deficiency) equity	(1,735.6)		(1,176.7)
Total liabilities and stockholders’ deficiency	$	3,488.9	$	3,310.1

REVLON, INC. AND SUBSIDIARIES

(DEBTOR-IN-POSSESSION)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(dollars in millions, except share and per share amounts)

(Unaudited)


	Three Months Ended September 30,				Nine Months Ended September 30,

	2022		2021		2022		2021

Net sales	$	249.7	$	305.8	$	744.0	$	819.9
Cost of sales	122.1		144.2		355.7		376.2
Gross profit	127.6		161.6		388.3		443.7
Selling, general and administrative expenses	161.9		156.7		486.8		487.1
Acquisition, integration and divestiture costs	0.2		0.6		0.6		1.8
Restructuring charges and other, net	(1.7)		7.1		2.5		17.1
Impairment charges	—		—		20.5		—

Operating income (loss)	(32.8)		(2.8)		(122.1)		(62.3)
Other expenses:
Interest expense, net	51.4		56.3		163.5		176.4

Amortization of debt issuance costs	—		8.7		16.8		29.9

Foreign currency losses, net	5.1		1.9		14.5		(0.8)
Miscellaneous, net	2.4		(324.2)		9.7		(321.4)
Reorganization items, net	85.0		—		243.3		—
Equity in net loss of subsidiary	(30.8)		(34.1)		(53.9)		(47.3)
Other expenses	113.1		(291.4)		393.9		(163.2)
Loss from operations before income taxes	(145.9)		288.6		(516.0)		100.9
Provision for income taxes	0.9		7.6		13.8		9.7


Net loss	$	(146.8)	$	281.0	$	(529.8)	$	91.2
Other comprehensive income, net	4.1		4.5		4.4		4.1
Total comprehensive loss	$	(142.7)	$	285.5	$	(525.4)	$	95.3

REVLON, INC. AND SUBSIDIARIES

(DEBTOR-IN-POSSESSION)

CONSOLIDATED STATEMENTS OF CASH FLOWS

(dollars in millions)

(Unaudited)


	Nine Months Ended September 30,
	2022		2021
CASH FLOWS FROM OPERATING ACTIVITIES:


























Net cash used in operating activities	(310.9)		30.2
CASH FLOWS FROM INVESTING ACTIVITIES:




Net cash used in investing activities	(5.4)		(4.4)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in short-term borrowings and overdraft	(0.7)		(10.6)
Borrowings on term loans	—		230.0
Repayments on term loans	(13.6)		(127.8)


Net (repayments) borrowings under the revolving credit facilities	(0.6)		(2.7)
Borrowings on DIP Term Loan Facility	575.0		—
Repayments on Tranche A DIP ABL Facility	(67.2)		—





Payment of financing costs	(18.8)		(13.7)

Tax withholdings related to net share settlements of restricted stock and RSUs	(3.3)		(2.4)

Cash transfer to non-debtor affiliates	—		(97.5)
Other financing activities	(0.2)		(0.3)
Net cash provided by financing activities	470.6		(25.0)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(1.0)		(0.1)
Net increase in cash, cash equivalents and restricted cash	153.3		0.7
Cash, cash equivalents and restricted cash at beginning of period	17.9		10.8
Cash, cash equivalents and restricted cash at end of period (a)	$	171.2	$	11.5