SEGMENT DATA AND RELATED INFORMATION (Tables)

3 Months Ended

Mar. 31, 2020

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 March 31,
	2020		2019
Segment Net Sales:
Revlon	$	181.8	$	247.3
Elizabeth Arden	95.2		111.4
Portfolio	110.0		117.2
Fragrances	66.0		77.3
Total	$	453.0	$	553.2

Segment Profit:
Revlon	$	15.6	$	25.6
Elizabeth Arden	4.2		1.9
Portfolio	7.2		4.5
Fragrances	1.4		6.8
Total	$	28.4	$	38.8

Reconciliation:
Total Segment Profit	$	28.4	$	38.8
Less:

Depreciation and amortization	36.8		47.0
Non-cash stock compensation expense	2.4		0.4
Non-Operating items:
Restructuring and related charges	34.4		12.1
Acquisition, integration and divestiture costs	2.1		0.6
Loss on divested assets	0.8		—
Financial control remediation actions and related charges	2.1		2.0
Excessive coupon redemptions	4.2		—
COVID-19 charges	7.5		—



Impairment charge	124.3		—



Operating loss	(186.2)		(23.3)
Less:
Interest Expense	48.4		47.7

Amortization of debt issuance costs	4.0		3.2

Foreign currency losses, net	16.6		0.2
Miscellaneous, net	(4.1)		1.3
Loss from continuing operations before income taxes	$	(251.1)	$	(75.7)

Products Corporation



	Three Months Ended March 31,
	2020		2019
Segment Net Sales:
Revlon	$	181.8	$	247.3
Elizabeth Arden	95.2		111.4
Portfolio	110.0		117.2
Fragrances	66.0		77.3
Total	$	453.0	$	553.2

Segment Profit:
Revlon	$	16.4	$	26.4
Elizabeth Arden	4.6		2.2
Portfolio	7.7		4.9
Fragrances	1.7		7.1
Total	$	30.4	$	40.6

Reconciliation:
Total Segment Profit	$	30.4	$	40.6
Less:

Depreciation and amortization	36.8		47.0
Non-cash stock compensation expense	2.4		0.4
Non-Operating items:
Restructuring and related charges	34.4		12.1
Acquisition, integration and divestiture costs	2.1		0.6
Loss on divested assets	0.8		—
Financial control remediation actions and related charges	2.1		2.0


Excessive coupon redemptions	4.2		—
COVID-19 charges	7.5		—
Impairment charge	124.3		—

Operating income (loss)	(184.2)		(21.5)
Less:
Interest Expense	48.4		47.7

Amortization of debt issuance costs	4.0		3.2

Foreign currency losses, net	16.6		0.2
Miscellaneous, net	(4.1)		1.3
Loss from continuing operations before income taxes	$	(249.1)	$	(73.9)

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 March 31, 2020
		Revlon		Elizabeth Arden		Portfolio		Fragrances		Total
Geographic Area⁽¹⁾:
Net Sales
North America		$	99.1	$	21.4	$	70.8	$	42.2	$	233.5
EMEA*		37.3		25.9		30.6		16.3		110.1
Asia		14.7		43.1		0.5		3.4		61.7
Latin America*		14.0		0.8		4.9		0.8		20.5
Pacific*		16.7		4.0		3.2		3.3		27.2
		$	181.8	$	95.2	$	110.0	$	66.0	$	453.0


	Three Months Ended March 31, 2019
		Revlon		Elizabeth Arden		Portfolio		Fragrances		Total
Geographic Area⁽¹⁾:
Net Sales
North America		133.2		28.2		70.1		47.2		$	278.7
EMEA*		53.7		27.9		37.8		20.2		139.6
Asia		23.9		47.7		0.8		4.7		77.1
Latin America*		15.7		2.8		5.2		2.2		25.9
Pacific*		20.8		4.8		3.3		3.0		31.9
		$	247.3	$	111.4	$	117.2	$	77.3	$	553.2

(1) During the first quarter of 2020, the Company changed the presentation of its Travel Retail business, which previously was included in its EMEA Region, as it is currently presented within each geographic area in accordance with the location of the retail customer. Travel Retail sales represented approximately 2.6% and 4.7% of the Company's total Net Sales for the first quarter of 2020 and 2019, respectively. Prior year amounts have been updated to reflect current year presentation.

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

The following table presents the Company's long-lived assets by geographic area as of March 31, 2020 and December 31, 2019:


	March 31, 2020							December 31, 2019
Long-lived assets, net:
United States	$	1,264.2	83%	$	1,414.0			83%
International	267.2		17%	280.1				17%
	$	1,531.4				$	1,694.1

Schedule of Net Sales by Classes of Similar Products



	Three Months Ended March 31,
	2020					2019
Classes of similar products:
Net sales:
Color cosmetics	$	130.0	29%	$	202.8	37%
Fragrance	94.9		21%	110.3		20%
Hair care	116.7		26%	128.7		23%
Beauty care	46.1		10%	41.1		7%
Skin care	65.3		14%	70.3		13%
	$	453.0		$	553.2