RESTRUCTURING CHARGES

EA Integration Restructuring Program

In December 2016, in connection with integrating the Elizabeth Arden and Revlon organizations, the Company began the process of implementing certain integration activities, including consolidating offices, eliminating certain duplicative activities and streamlining back-office support (the "EA Integration Restructuring Program"). The EA Integration Restructuring Program is designed to reduce the Company’s cost of goods sold and SG&A expenses. In connection with implementing the EA Integration Restructuring Program, the Company expects to recognize approximately $90 million to $95 million of total pre-tax restructuring charges (the "EA Integration Restructuring Charges"), consisting of: (i) approximately $70 million to $75 million of employee-related costs, including severance, retention and other contractual termination benefits; (ii) approximately $10 million of lease termination costs; and (iii) approximately $10 million of other related charges.

A summary of the EA Integration Restructuring Charges incurred through September 30, 2018 is presented in the following table:



	Restructuring Charges and Other, Net
	Employee Severance and Other Personnel Benefits		Lease Termination and Other Costs				Total Restructuring Charges		Inventory Adjustments^(b)		Other Related Charges^(c)		Total Restructuring and Related Charges
Charges incurred through December 31, 2017	$	62.8	$	5.0			$	67.8	$	1.4	$	3.0	$	72.2
Charges incurred during the nine months ended September 30, 2018	12.7		(1.1		)	^(a)	11.6		0.4		—		12.0
Cumulative charges incurred through September 30, 2018	$	75.5	$	3.9			$	79.4	$	1.8	$	3.0	$	84.2

^(a) Primarily represents the reversal of lease termination costs related to certain re-occupied office space.

^(b)Inventory adjustments are recorded within cost of sales in the Company’s unaudited consolidated statement of operations and comprehensive (loss) income.

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

A summary of the EA Integration Restructuring Charges incurred through September 30, 2018 by reportable segment is presented in the following table:



	Charges incurred during the nine months ended September 30, 2018		Cumulative charges incurred through September 30, 2018
Revlon	$	8.6	$	33.2
Elizabeth Arden	0.4		13.2
Portfolio	0.8		14.2
Fragrances	1.8		18.8
Total	$	11.6	$	79.4

The Company expects that cash payments will total $90 million to $95 million in connection with the EA Integration Restructuring Charges, of which $60.9 million were paid through September 30, 2018. The remaining balance is expected to be substantially paid by the end of 2020.

Restructuring Reserve

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



									Utilized, Net
	Liability Balance at January 1, 2018		Expense (Income), Net			Foreign Currency Translation			Cash			Non-cash		Liability Balance at September 30, 2018
EA Integration Restructuring Program:^(a)
Employee severance and other personnel benefits	$	25.8	$	12.7		$	(0.2	)	$	(17.6	)	$	—	$	20.7
Other	3.9		(0.7		)	—			(0.8		)	—		2.4
Total EA Integration Restructuring Program	29.7		12.0			(0.2		)	(18.4		)	—		23.1

Other individually immaterial actions:
Employee severance and other personnel benefits	2.5		2.3			—			(2.5		)	—		2.3
Other	1.7		—			(0.1		)	—			—		1.6
Total other individually immaterial actions	4.2		2.3			(0.1		)	(2.5		)	—		3.9
Total restructuring reserve	$	33.9	$	14.3		$	(0.3	)	$	(20.9	)	$	—	$	27.0

^(a)Includes $0.4 million in charges related to inventory adjustments and other restructuring-related charges that were reflected within cost of sales in the Company’s September 30, 2018 Unaudited Consolidated Statement of Operations and Comprehensive (Loss) Income.

As of September 30, 2018 and December 31, 2017, all of the restructuring reserve balances were included within accrued expenses and other current liabilities in the Company's Consolidated Balance Sheets.