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SEGMENT DATA AND RELATED INFORMATION
 6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
SEGMENT DATA AND RELATED INFORMATION SEGMENT DATA AND RELATED INFORMATION
Operating Segments
Operating segments include components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (the Company's "Chief Executive Officer") in deciding how to allocate resources and in assessing the Company's performance. 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 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.
As of June 30, 2020, the Company’s operations are organized into the following reportable segments:
•Revlon - The Revlon segment is comprised of the Company's flagship Revlon brands. Revlon segment products are primarily marketed, distributed and sold in the mass retail channel, large volume retailers, chain drug and food stores, chemist shops, hypermarkets, general merchandise stores, e-commerce sites, television shopping, department stores, professional hair and nail salons, one-stop shopping beauty retailers and specialty cosmetic stores in the U.S. and internationally under brands such as Revlon in color cosmetics; Revlon ColorSilk and Revlon Professional in hair color; and Revlon in beauty tools.
•Elizabeth Arden - The Elizabeth Arden segment is comprised of the Company's Elizabeth Arden branded products. The Elizabeth Arden segment markets, distributes and sells fragrances, skin care and color cosmetics primarily to prestige retailers, department and specialty stores, perfumeries, boutiques, e-commerce sites, the mass retail channel, travel retailers and distributors, as well as direct sales to consumers via its Elizabeth Arden branded retail stores and elizabetharden.com e-commerce website, in the U.S. and internationally, under brands such as Elizabeth Arden Ceramide, Prevage, Eight Hour, SUPERSTART, Visible Difference and Skin Illuminating in the Elizabeth Arden skin care brands; and Elizabeth Arden White Tea, Elizabeth Arden Red Door, Elizabeth Arden 5th Avenue and Elizabeth Arden Green Tea in Elizabeth Arden fragrances.
•Portfolio - The Company’s Portfolio segment markets, distributes and sells a comprehensive line of premium, specialty and mass products primarily to the mass retail channel, hair and nail salons and professional salon distributors in the U.S. and internationally and large volume retailers, specialty and department stores under brands such as Almay and SinfulColors in color cosmetics; American Crew in men's grooming products (which are also sold direct-to-consumer on its americancrew.com website); CND in nail polishes, gel nail color and nail enhancements; Cutex nail care products; and Mitchum in anti-perspirant deodorants. The Portfolio segment also includes a multi-cultural hair care line consisting of Creme of Nature hair care products, which are sold in both professional salons and in large volume retailers and other retailers, primarily in the U.S.; and a hair color line under the Llongueras brand (licensed from a third party) that is sold in the mass retail channel, large volume retailers and other retailers, primarily in Spain.
•Fragrances - The Fragrances segment includes the development, marketing and distribution of certain owned and licensed fragrances as well as the distribution of prestige fragrance brands owned by third parties. These products are typically sold to retailers in the U.S. and internationally, including prestige retailers, specialty stores, e-commerce sites, the mass retail channel, travel retailers and other international retailers. The owned and licensed fragrances include brands such as: (i) Juicy Couture (which are also sold direct-to-consumer on its juicycouturebeauty.com website), John Varvatos and AllSaints in prestige fragrances; (ii) Britney Spears, Elizabeth Taylor, Christina Aguilera, Jennifer Aniston and Mariah Carey in celebrity fragrances; and (iii) Curve, Giorgio Beverly Hills, Ed Hardy, Charlie, Lucky Brand, ‹PS› (logo of former Paul Sebastian brand), Alfred Sung, Halston, Geoffrey Beene and White Diamonds in mass fragrances.
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 and miscellaneous expenses. 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 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 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 June 30,Six Months Ended June 30,
2020201920202019
Segment Net Sales:
Revlon$135.0  $251.5  $316.8  $498.8  
Elizabeth Arden80.9  117.4  176.1  228.8  
Portfolio88.5  118.7  198.5  235.9  
Fragrances43.2  82.6  109.2  159.9  
Total$347.6  $570.2  $800.6  $1,123.4  
Segment Profit:
Revlon$12.3  $25.6  $27.9  $51.2  
Elizabeth Arden10.8  2.7  15.0  4.6  
Portfolio14.5  6.1  21.7  10.6  
Fragrances7.8  12.6  9.2  19.4  
Total$45.4  $47.0  $73.8  $85.8  
Reconciliation:
Total Segment Profit$45.4  $47.0  $73.8  $85.8  
Less:
Depreciation and amortization36.4  38.7  73.2  85.7  
Non-cash stock compensation expense1.1  3.4  3.5  3.8  
Non-Operating items:
Restructuring and related charges22.3  9.9  56.7  22.0  
Acquisition, integration and divestiture costs
1.2  —  3.3  0.6  
(Gain) loss on divested assets
(0.2) —  0.6  —  
Financial control remediation and sustainability actions and related charges
5.7  4.4  7.8  6.4  
Excessive coupon redemptions —  —  4.2  —  
COVID-19 charges17.9  —  25.4  —  
Impairment charges19.8  —  144.1  —  
      Operating loss
(58.8) (9.4) (245.0) (32.7) 
Less:
Interest Expense60.9  47.8  109.3  95.5  
Amortization of debt issuance costs6.0  3.5  10.0  6.7
   (Gain) loss on early extinguishment of debt, net(11.9) —  (11.9) —  
Foreign currency losses, net2.3  1.2  18.9  1.4  
Miscellaneous, net20.6  4.6  16.5  5.9  
Loss from continuing operations before income taxes$(136.7) $(66.5) $(387.8) $(142.2) 
Products Corporation
Three Months Ended June 30,Six Months Ended June 30,
2019201820202019
Segment Net Sales:
Revlon$135.0  $251.5  $316.8  $498.8  
Elizabeth Arden80.9  117.4  176.1  228.8  
Portfolio88.5  118.7  198.5  235.9  
Fragrances43.2  82.6  109.2  159.9  
Total$347.6  $570.2  $800.6  $1,123.4  
Segment Profit:
Revlon$13.0  $26.3  $29.4  $52.7  
Elizabeth Arden11.3  3.0  15.9  5.2  
Portfolio15.0  6.4  22.7  11.3  
Fragrances8.0  12.8  9.7  19.9  
Total$47.3  $48.5  $77.7  $89.1  
Reconciliation:
Total Segment Profit$47.3  $48.5  $77.7  $89.1  
Less:
Depreciation and amortization36.4  38.7  73.2  85.7  
Non-cash stock compensation expense1.1  3.4  3.5  3.8  
Non-Operating items:
Restructuring and related charges22.3  9.9  56.7  22.0  
Acquisition, integration and divestiture costs
1.2  —  3.3  0.6  
(Gain) loss on divested assets
(0.2) —  0.6  —  
Financial control remediation and sustainability actions and related charges
5.7  4.4  7.8  6.4  
Excessive coupon redemptions —  —  4.2  —  
COVID-19 charges17.9  —  25.4  —  
Impairment charge19.8  —  144.1  —  
      Operating income (loss)(56.9) (7.9) (241.1) (29.4) 
Less:
Interest Expense60.9  47.8  109.3  95.5  
Amortization of debt issuance costs6.0  3.5  10.0  6.7  
   (Gain) loss on early extinguishment of debt, net
(11.9) —  (11.9) —  
Foreign currency losses, net2.3  1.2  18.9  1.4  
Miscellaneous, net20.6  4.6  16.5  5.9  
Loss from continuing operations before income taxes$(134.8) $(65.0) $(383.9) $(138.9) 

As of June 30, 2020, 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 June 30, 2020Six Months Ended June 30, 2020
RevlonElizabeth ArdenPortfolioFragrancesTotalRevlonElizabeth ArdenPortfolioFragrancesTotal
Geographic Area(1):
 Net Sales
   North America$80.1  $15.0  $52.1  $29.7  $176.9  $179.2  $36.4  $122.9  $71.9  $410.4  
   EMEA*26.5  13.7  30.2  9.3  79.7  63.8  39.6  60.8  25.6  189.8  
   Asia6.8  49.1  0.7  2.0  58.6  21.5  92.2  1.2  5.4  120.3  
   Latin America*10.0  0.2  3.4  0.3  13.9  24.0  1.0  8.3  1.1  34.4  
   Pacific*11.6  2.9  2.1  1.9  18.5  28.3  6.9  5.3  5.2  45.7  
$135.0  $80.9  $88.5  $43.2  $347.6  $316.8  $176.1  $198.5  $109.2  $800.6  

Three Months Ended June 30, 2019Six Months Ended June 30, 2019
RevlonElizabeth ArdenPortfolioFragrancesTotalRevlonElizabeth ArdenPortfolioFragrancesTotal
Geographic Area(1):
 Net Sales
   North America$134.7  $26.2  $73.0  $52.6  $286.5  267.954.4143.199.8$565.2  
   EMEA*51.5  30.6  34.8  21.9  138.8  105.258.572.642.1278.4  
   Asia24.4  53.9  1.4  4.1  83.8  48.3101.62.28.8160.9  
   Latin America*21.7  2.2  6.5  1.8  32.2  37.45.011.74.058.1  
   Pacific*19.2  4.5  3.0  2.2  28.9  40.09.36.35.260.8  
$251.5  $117.4  $118.7  $82.6  $570.2  $498.8  $228.8  $235.9  $159.9  $1,123.4  

(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 net sales represented approximately 1.8% and 5.3% of the Company's total net sales for the second quarter of 2020 and 2019, respectively, and 2.3% and 5.0% of the Company's total net sales for the six months ended June 30, 2020 and 2019, respectively. Prior year amounts have been updated to reflect the current year presentation.

* 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 June 30,Six Months Ended June 30,
2020201920202019
Classes of similar products:
   Net sales:
Color cosmetics$70.6  20%$193.5  34%$200.6  25%$396.3  35%
Fragrance
64.0  18%117.1  21%158.9  20%227.420%
Hair care105.4  30%129.8  23%222.1  28%258.523%
Beauty care
45.4  13%48.0  8%91.5  11%89.18%
Skin care
62.2  19%81.8  14%127.5  16%152.1  14%
$347.6  $570.2  $800.6  $1,123.4  
The following table presents the Company's long-lived assets by geographic area as of June 30, 2020 and December 31, 2019:
June 30, 2020December 31, 2019
Long-lived assets, net:
United States$1,224.8  82%$1,414.0  83%
International262.4  18%280.1  17%
$1,487.2  $1,694.1