XML 61 R12.htm IDEA: XBRL DOCUMENT v3.20.1
DISCONTINUED OPERATIONS
 12 Months Ended
Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS
In December 2013, the Company announced restructuring actions that primarily included exiting its direct manufacturing, warehousing and sales business operations in mainland China within the Revlon segment (the "December 2013 Program"). The December 2013 Program resulted in the elimination of approximately 1,100 positions in 2014, primarily in China. With the implementation of the December 2013 Program, the results of the China discontinued operations, which relate entirely to the Revlon segment, are included within income from discontinued operations, net of taxes. Notwithstanding this 2013 program, the Company re-launched the Revlon brand in China in July 2019. The summary comparative financial results of discontinued operations were as follows for the periods presented:
Year Ended December 31,
20192018
Net sales$—  $—  
Income (loss) from discontinued operations, before taxes7.5  (0.1) 
Provision for income taxes—  —  
Income (loss) from discontinued operations, net of taxes7.5  (0.1) 
As of December 31, 2019 and December 31, 2018, assets and liabilities of the China discontinued operations included in the Consolidated Balance Sheets consisted of the following:
December 31,December 31,
20192018
Cash and cash equivalents$1.0  $1.1  
Trade receivables, net—  0.2  
Total current assets1.0  1.3  
Total assets$1.0  $1.3  
Accounts payable$—  $0.5  
Accrued expenses and other1.2  3.3  
Total current liabilities1.2  3.8  
Total liabilities$1.2  $3.8