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SAVING PLANS, PENSION AND POST-RETIREMENT BENEFITS (Tables)
 12 Months Ended
Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]  
Summary of Aggregate Reconciliation of Projected Benefit Obligations, Plan Assets, Funded Status and Amounts Recognized
The following table provides an aggregate reconciliation of the projected benefit obligations, plan assets, funded status and amounts recognized in the Company’s Consolidated Financial Statements related to the Company's significant pension and other post-retirement benefit plans.
 
Pension Plans
 
Other Post-Retirement Benefit Plans
 
December 31,
 
2013
 
2012
 
2013
 
2012
Change in Benefit Obligation:

 

 

 

Benefit obligation - beginning of year
$
(744.6
)
 
$
(700.5
)
 
$
(16.5
)
 
$
(16.1
)
Service cost
(0.9
)
 
(1.6
)
 
—

 
—

Interest cost
(27.6
)
 
(30.0
)
 
(0.6
)
 
(0.7
)
Actuarial gain (loss)
65.5

 
(51.1
)
 
1.6

 
(0.5
)
Curtailment gain
—

 
1.7

 
—

 
—

Settlement gain
—

 
0.2

 
—

 
—

Benefits paid
39.1

 
39.0

 
0.8

 
0.8

Currency translation adjustments
(0.1
)
 
(2.3
)
 
0.3

 
—

Other
0.4

 
—

 
—

 
—

Benefit obligation - end of year
$
(668.2
)
 
$
(744.6
)
 
$
(14.4
)
 
$
(16.5
)
Change in Plan Assets:

 

 

 

Fair value of plan assets - beginning of year
$
520.2

 
$
463.8

 
$
—

 
$
—

Actual return on plan assets
58.1

 
64.2

 
—

 
—

Employer contributions
17.7

 
29.0

 
0.8

 
0.8

Benefits paid
(39.1
)
 
(39.0
)
 
(0.8
)
 
(0.8
)
Settlement gain
—

 
(0.2
)
 
—

 
—

Currency translation adjustments
0.7

 
2.4

 
—

 
—

Fair value of plan assets - end of year
$
557.6

 
$
520.2

 
$
—

 
$
—

Unfunded status of plans at December 31,
$
(110.6
)
 
$
(224.4
)
 
$
(14.4
)
 
$
(16.5
)
Summary of Amounts Recognized in Consolidated Balance Sheet in Respect to Pension Plans and Other Post-retirement Benefit Plans
In respect of the Company's pension plans and other post-retirement benefit plans, amounts recognized in the Company’s Consolidated Balance Sheets at December 31, 2013 and 2012 consist of the following:
 
Pension Plans
 
Other Post-Retirement Benefit Plans
 
December 31,
 
2013
 
2012
 
2013
 
2012
Accrued expenses and other
$
(5.9
)
 
$
(6.4
)
 
$
(0.8
)
 
$
(0.8
)
Pension and other post-retirement benefit liabilities
(104.7
)
 
(218.0
)
 
(13.6
)
 
(15.7
)
Total liability
(110.6
)
 
(224.4
)
 
(14.4
)
 
(16.5
)
 

 

 

 

Accumulated other comprehensive loss, gross
170.1

 
264.2

 
2.8

 
4.6

Income tax (benefit) expense
(1.8
)
 
(35.9
)
 
0.1

 
(0.5
)
Portion allocated to Revlon Holdings
(0.7
)
 
(0.9
)
 
—

 
—

Accumulated other comprehensive loss, net
$
167.6

 
$
227.4

 
$
2.9

 
$
4.1
Projected Benefit Obligation, Accumulated Benefit Obligation and Fair Value of Plan Assets for Company's Pension Plans
The projected benefit obligation, accumulated benefit obligation, and fair value of plan assets for the Company's pension plans are as follows:
 
December 31,
 
2013
 
2012
Projected benefit obligation
$
668.2

 
$
744.6

Accumulated benefit obligation
667.3

 
743.6

Fair value of plan assets
557.6

 
520.2
Components of Net Periodic Benefit Costs
The components of net periodic benefit (income) costs for the Company’s pension and the other post-retirement benefit plans are as follows:
 


Pension Plans
 
Other
Post-Retirement
Benefit Plans
 
Year Ended December 31,
 
2013
 
2012
 
2011
 
2013
 
2012
 
2011
Net periodic benefit (income) costs:
 
 
 
Service cost
$
0.9

 
$
1.6

 
$
1.2

 
$
—

 
$
—

 
$
—

Interest cost
27.6

 
30.0

 
32.4

 
0.6

 
0.7

 
0.9

Expected return on plan assets
(38.3
)
 
(35.2
)
 
(35.0
)
 
—

 
—

 
—

Amortization of prior service cost (credit)
—

 
—

 
0.1

 
—

 
—

 
—

Amortization of actuarial loss
8.6

 
8.1

 
5.3

 
0.4

 
0.3

 
0.3

Curtailment gain
—

 
(1.5
)
 
—

 
—

 
—

 
—

 
(1.2
)
 
3.0

 
4.0

 
1.0

 
1.0

 
1.2

Portion allocated to Revlon Holdings
(0.1
)
 
(0.1
)
 
(0.1
)
 
(0.1
)
 
—

 
(0.1
)
 
$
(1.3
)
 
$
2.9

 
$
3.9

 
$
0.9

 
$
1.0

 
$
1.1
Summary of Unrecognized Components of Net Periodic Benefit Cost
Amounts recognized in accumulated other comprehensive loss at December 31, 2013 in respect of the Company’s pension plans and other post-retirement plans, which have not yet been recognized as a component of net periodic benefit cost, are as follows:
 
Pension Benefits
 
Post-Retirement Benefits
 
Total
Net actuarial loss
$
170.1

 
$
2.8

 
$
172.9

Prior service cost
—

 
—

 
—

Accumulated Other Comprehensive Loss, Gross
170.1

 
2.8

 
172.9

Income tax (benefit) expense
(1.8
)
 
0.1

 
(1.7
)
Portion allocated to Revlon Holdings
(0.7
)
 
—

 
(0.7
)
Accumulated Other Comprehensive Loss, Net
$
167.6

 
$
2.9

 
$
170.5
Summary of Target Ranges Per Asset Class
The target ranges per asset class are as follows:
 
Target Ranges
 
U.S. Plans
 
International Plans
Asset Class:
 
 
 
Common and preferred stock
0% - 10%
 
—
Mutual funds
20% - 30%
 
—
Fixed income securities
10% - 30%
 
—
Common and collective funds
25% - 55%
 
100%
Hedge funds
0% - 15%
 
—
Group annuity contract
0% - 5%
 
—
Cash and other investments
0% - 10%
 
—
Fair Value of U.S. and International Pension Plan Assets
The following table presents information on the fair value of the U.S. and international pension plan assets at December 31, 2013 and 2012:
 
U.S. Plans
 
International Plans
 
2013
 
2012
 
2013
 
2012
Fair value of plan assets
$
492.5

 
$
461.9

 
$
65.1

 
$
58.3
Fair Values of U.S. and International Pension Plan Assets by Asset Categories
The fair values of the U.S. and International pension plan assets at December 31, 2013, by asset categories were as follows:
 
Total
 
Quoted Prices in Active Markets for Identical Assets (Level 1)
 
Significant Observable Inputs (Level 2)
 
Significant Unobservable Inputs (Level 3)
Common and Preferred Stock:
 
 
 
 
 
 
 
U.S. small/mid cap equity
$
23.1

 
$
23.1

 
$
—

 
$
—

Mutual Funds(a):
 
 
 
 
 
 
 
Corporate bonds
24.4

 
24.4

 
—

 
—

Government bonds
15.1

 
15.1

 
—

 
—

U.S. large cap equity
68.7

 
68.7

 
—

 
—

International equities
4.3

 
4.3

 
—

 
—

Emerging markets international equity
4.2

 
4.2

 
—

 
—

Other
0.9

 
0.9

 
—

 
—

Fixed Income Securities:
 
 
 
 
 
 
 
Corporate bonds
46.1

 
—

 
45.8

 
0.3

Government bonds
9.6

 
—

 
8.0

 
1.6

Common and Collective Funds(a):
 
 
 
 
 
 
 
Corporate bonds
53.7

 
—

 
53.7

 
—

Government bonds
69.8

 
—

 
69.8

 
—

U.S. large cap equity
33.8

 
—

 
33.8

 
—

U.S. small/mid cap equity
23.0

 
—

 
23.0

 
—

International equities
92.1

 
—

 
92.1

 
—

Emerging markets international equity
17.3

 
—

 
17.3

 
—

Cash and cash equivalents
2.0

 
—

 
2.0

 
—

Other
2.9

 
—

 
2.9

 
—

Hedge Funds(a):
 
 
 
 
 
 
 
Corporate bonds
11.8

 
—

 
11.8

 
—

Government bonds
24.5

 
—

 
24.5

 
—

U.S. large cap equity
4.3

 
—

 
4.3

 
—

International equities
6.1

 
—

 
6.1

 
—

Cash and cash equivalents
5.7

 
—

 
5.7

 
—

Other
4.1

 
—

 
4.1

 
—

Group Annuity Contract
2.6

 
—

 
2.6

 
—

Cash and Cash Equivalents
7.5

 
7.5

 
—

 
—

Fair value of plan assets at December 31, 2013
$
557.6

 
$
148.2

 
$
407.5

 
$
1.9



The fair values of the U.S. and International pension plan assets at December 31, 2012, by asset categories were as follows:
 
Total
 
Quoted Prices in Active Markets for Identical Assets (Level 1)
 
Significant Observable Inputs (Level 2)
 
Significant Unobservable Inputs (Level 3)
Common and Preferred Stock:
 
 
 
 
 
 
 
U.S. small/mid cap equity
$
18.9

 
$
18.9

 
$
—

 
$
—

Mutual Funds(a):

 

 

 

Corporate bonds
19.4

 
19.4

 
—

 
—

Government bonds
16.0

 
16.0

 
—

 
—

U.S. large cap equity
63.2

 
63.2

 
—

 
—

International equities
4.6

 
4.6

 
—

 
—

Emerging markets international equity
5.0

 
5.0

 
—

 
—

Other
3.6

 
3.6

 
—

 
—

Fixed Income Securities:

 

 

 

Corporate bonds
49.8

 
—

 
49.2

 
0.6

Government bonds
9.9

 
—

 
9.9

 
—

Common and Collective Funds(a):

 

 

 

Corporate bonds
57.0

 
—

 
57.0

 
—

Government bonds
70.2

 
—

 
70.2

 
—

U.S. large cap equity
27.0

 
—

 
27.0

 
—

U.S. small/mid cap equity
17.7

 
—

 
17.7

 
—

International equities
74.3

 
—

 
74.3

 
—

Emerging markets international equity
17.7

 
—

 
17.7

 
—

Cash and cash equivalents
3.0

 
—

 
3.0

 
—

Other
1.1

 
—

 
1.1

 
—

Hedge Funds(a):

 

 

 

Corporate bonds
4.2

 
—

 
4.2

 
—

Government bonds
30.9

 
—

 
30.9

 
—

U.S. large cap equity
4.6

 
—

 
4.6

 
—

International equities
3.1

 
—

 
3.1

 
—

Foreign exchange contracts
—

 
—

 
—

 
—

Cash and cash equivalents
6.0

 
—

 
6.0

 
—

Other
3.8

 
—

 
3.8

 
—

Group Annuity Contract
2.3

 
—

 
2.3

 
—

Cash and Cash Equivalents
6.9

 
6.9

 
—

 
—

Fair value of plan assets at December 31, 2012
$
520.2

 
$
137.6

 
$
382.0

 
$
0.6

(a) 
The investments in mutual funds, common and collective funds and hedge funds are disclosed above within the respective underlying investments’ class (i.e., various equities, corporate bonds, government bonds and other investment classes), while the fair value hierarchy levels of the investments are based on the Company’s direct ownership unit of account.
Summary of Changes in Fair Values of U.S. and International Pension Plans' Level 3 Assets
The following table sets forth a summary of changes in the fair values of the U.S. and International pension plans’ Level 3 assets for the years ended December 31, 2013 and 2012:
 
Total
 
Fixed Income Securities
Balance, December 31, 2011
$
—

 
$
—

Purchases, sales, and settlements, net
0.6

 
0.6

Balance, December 31, 2012
0.6

 
0.6

Purchases, sales, and settlements, net
0.6

 
0.6

Loss on assets held during the period
(0.2
)
 
(0.2
)
Transfers into Level 3
0.9

 
0.9

Balance, December 31, 2013
$
1.9

 
$
1.9
Summary of Benefit Payments Expected to be Paid Out of Company's Pension and Other Post-retirement Benefit Plans
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid out of the Company’s pension and other post-retirement benefit plans:
 
Total Pension Benefits
 
Total Other Benefits
2014
$
40.7

 
$
1.2

2015
41.2

 
1.2

2016
41.8

 
1.2

2017
43.0

 
1.2

2018
43.4

 
1.2

Years 2019 to 2023
225.0

 
5.8
Projected Benefit Obligation Assumptions
  
Defined Benefit Plan Disclosure [Line Items]  
Weighted-Average Assumptions Used to Determine Company's Net Periodic Benefit Cost
The following weighted-average assumptions were used to determine the Company’s projected benefit obligation of the Company’s U.S. and International pension plans at the end of the respective years:
 
U.S. Plans
 
International Plans
 
2013
 
2012
 
2013
 
2012
Discount rate
4.68
%
 
3.78
%
 
4.48
%
 
4.33
%
Rate of future compensation increases
3.00
%
 
3.00
%
 
3.40
%
 
2.97
%
Net Periodic Benefit Cost Assumptions
  
Defined Benefit Plan Disclosure [Line Items]  
Weighted-Average Assumptions Used to Determine Company's Net Periodic Benefit Cost
The following weighted-average assumptions were used to determine the Company’s net periodic benefit cost of the Company’s U.S. and International pension plans during the respective years:
 
U.S. Plans
 
International Plans
 
2013
 
2012
 
2011
 
2013
 
2012
 
2011
Discount rate
3.78
%
 
4.38
%
 
5.17
%
 
4.33
%
 
4.77
%
 
5.32
%
Expected long-term return on plan assets
7.75
%
 
7.75
%
 
8.00
%
 
6.00
%
 
6.22
%
 
6.25
%
Rate of future compensation increases
3.00
%
 
3.50
%
 
3.50
%
 
2.97
%
 
3.05
%
 
3.53
%