XML 121 R85.htm IDEA: XBRL DOCUMENT v3.20.2
PRODUCTS CORPORATION AND SUBSIDIARIES GUARANTOR FINANCIAL INFORMATION - Statement of Operations and Comprehensive Income (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Condensed Income Statements, Captions [Line Items]            
Net sales $ 347.6   $ 570.2   $ 800.6 $ 1,123.4
Cost of sales 168.6   243.9   366.4 481.7
Gross profit 179.0   326.3   434.2 641.7
Selling, general and administrative expenses 196.3   332.5   485.7 665.1
Acquisition, integration and divestiture costs 1.2   0.0   3.3 0.6
Restructuring charges and other, net 20.7   3.2   45.5 8.7
Impairment charges 19.8   0.0   144.1 0.0
(Gain) loss on divested assets (0.2)   0.0   0.6 0.0
Operating (loss) income (58.8)   (9.4)   (245.0) (32.7)
Other (income) expense:            
Interest Expense 60.9   47.8   109.3 95.5
Amortization of debt issuance costs 6.0   3.5   10.0 6.7
(Gain) loss on early extinguishment of debt, net (11.9)   0.0   (11.9) 0.0
Foreign currency losses (gains), net 2.3   1.2   18.9 1.4
Miscellaneous, net 20.6   4.6   16.5 5.9
Other expense (income), net 77.9   57.1   142.8 109.5
Loss from continuing operations before income taxes (136.7)   (66.5)   (387.8) (142.2)
(Benefit from) provision for income taxes (9.9)   (1.2)   (47.1) (1.1)
(Loss) income from continuing operations, net of taxes (126.8)   (65.3)   (340.7) (141.1)
(Loss) income from discontinued operations, net of taxes 0.0   1.6   0.0 2.3
Net (loss) income (126.8) $ (213.9) (63.7) $ (75.1) (340.7) (138.8)
Other comprehensive (loss) income 14.3 [1] (2.7) [1] 5.3 [1] 0.9 [1] 11.6 6.2
Total comprehensive loss (112.5)   (58.4)   (329.1) (132.6)
Revlon Consumer Products Corporation            
Condensed Income Statements, Captions [Line Items]            
Net sales 347.6   570.2   800.6 1,123.4
Cost of sales 168.6   243.9   366.4 481.7
Gross profit 179.0   326.3   434.2 641.7
Selling, general and administrative expenses 194.4   331.0   481.8 661.8
Acquisition, integration and divestiture costs 1.2   0.0   3.3 0.6
Restructuring charges and other, net 20.7   3.2   45.5 8.7
Impairment charges 19.8   0.0   144.1 0.0
(Gain) loss on divested assets (0.2)   0.0   0.6 0.0
Operating (loss) income (56.9)   (7.9)   (241.1) (29.4)
Other (income) expense:            
Intercompany interest, net 0.0   0.0   0.0 0.0
Interest Expense 60.9   47.8   109.3 95.5
Amortization of debt issuance costs 6.0   3.5   10.0 6.7
(Gain) loss on early extinguishment of debt, net (11.9)   0.0   (11.9) 0.0
Foreign currency losses (gains), net 2.3   1.2   18.9 1.4
Miscellaneous, net 20.6   4.6   16.5 5.9
Other expense (income), net 77.9   57.1   142.8 109.5
Loss from continuing operations before income taxes (134.8)   (65.0)   (383.9) (138.9)
(Benefit from) provision for income taxes (9.6)   (0.9)   (46.5) (0.6)
(Loss) income from continuing operations, net of taxes (125.2)   (64.1)   (337.4) (138.3)
(Loss) income from discontinued operations, net of taxes 0.0   1.6   0.0 2.3
Equity in income (loss) of subsidiaries 0.0   0.0   0.0 0.0
Net (loss) income (125.2) (212.2) (62.5) (73.5) (337.4) (136.0)
Other comprehensive (loss) income 14.3 [2] $ (2.7) [2] 5.3 [2] $ 0.9 [2] 11.6 6.2
Total comprehensive loss (110.9)   (57.2)   (325.8) (129.8)
Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation            
Condensed Income Statements, Captions [Line Items]            
Net sales 93.8   155.5   210.2 311.0
Cost of sales 54.4   72.2   112.9 140.2
Gross profit 39.4   83.3   97.3 170.8
Selling, general and administrative expenses 58.8   109.3   163.2 239.0
Acquisition, integration and divestiture costs 2.0       3.2 0.5
Restructuring charges and other, net 17.1   0.8   40.7 2.4
Impairment charges 19.8       144.1  
(Gain) loss on divested assets (0.2)       0.6  
Operating (loss) income (58.1)   (26.8)   (254.5) (71.1)
Other (income) expense:            
Intercompany interest, net (0.3)   (1.1)   (3.0) (2.4)
Interest Expense 59.2   46.1   105.7 92.0
Amortization of debt issuance costs 6.0   3.5   10.0 6.7
(Gain) loss on early extinguishment of debt, net (11.9)       (11.9)  
Foreign currency losses (gains), net 6.2   1.8   0.6 0.3
Miscellaneous, net 24.9   (10.1)   0.9 (18.0)
Other expense (income), net 84.1   40.2   102.3 78.6
Loss from continuing operations before income taxes (142.2)   (67.0)   (356.8) (149.7)
(Benefit from) provision for income taxes (35.8)   (3.6)   (52.1) (5.4)
(Loss) income from continuing operations, net of taxes (106.4)   (63.4)   (304.7) (144.3)
(Loss) income from discontinued operations, net of taxes     0.0     0.0
Equity in income (loss) of subsidiaries 4.7   1.1   (29.3) 8.5
Net (loss) income (101.7)   (62.3)   (334.0) (135.8)
Other comprehensive (loss) income 14.3   5.3   11.6 6.2
Total comprehensive loss (87.4)   (57.0)   (322.4) (129.6)
Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries            
Condensed Income Statements, Captions [Line Items]            
Net sales 78.2   124.8   190.7 254.1
Cost of sales 43.5   64.1   97.9 129.2
Gross profit 34.7   60.7   92.8 124.9
Selling, general and administrative expenses 45.2   81.5   116.1 156.6
Acquisition, integration and divestiture costs (0.5)       0.0 0.1
Restructuring charges and other, net 3.0   0.8   4.3 2.9
Impairment charges 0.0       0.0  
(Gain) loss on divested assets 0.0       0.0  
Operating (loss) income (13.0)   (21.6)   (27.6) (34.7)
Other (income) expense:            
Intercompany interest, net 0.6   0.7   1.1 1.4
Interest Expense 0.0   0.0   0.0 0.0
Amortization of debt issuance costs 0.0   0.0   0.0 0.0
(Gain) loss on early extinguishment of debt, net 0.0       0.0  
Foreign currency losses (gains), net 0.5   0.3   2.4 0.3
Miscellaneous, net (6.9)   (12.7)   (16.1) (26.2)
Other expense (income), net (5.8)   (11.7)   (12.6) (24.5)
Loss from continuing operations before income taxes (7.2)   (9.9)   (15.0) (10.2)
(Benefit from) provision for income taxes 21.6   (0.1)   1.4 0.4
(Loss) income from continuing operations, net of taxes (28.8)   (9.8)   (16.4) (10.6)
(Loss) income from discontinued operations, net of taxes     0.0     0.0
Equity in income (loss) of subsidiaries (6.9)   6.3   (26.9) 11.7
Net (loss) income (35.7)   (3.5)   (43.3) 1.1
Other comprehensive (loss) income 7.9   (1.1)   14.4 (1.2)
Total comprehensive loss (27.8)   (4.6)   (28.9) (0.1)
Revlon Consumer Products Corporation | Reportable Legal Entities | Non-Guarantor Subsidiaries            
Condensed Income Statements, Captions [Line Items]            
Net sales 175.6   290.3   399.8 561.5
Cost of sales 70.7   108.0   155.7 215.5
Gross profit 104.9   182.3   244.1 346.0
Selling, general and administrative expenses 90.4   140.2   202.5 266.2
Acquisition, integration and divestiture costs (0.3)       0.1 0.0
Restructuring charges and other, net 0.6   1.6   0.5 3.4
Impairment charges 0.0       0.0  
(Gain) loss on divested assets 0.0       0.0  
Operating (loss) income 14.2   40.5   41.0 76.4
Other (income) expense:            
Intercompany interest, net (0.3)   0.4   1.9 1.0
Interest Expense 1.7   1.7   3.6 3.5
Amortization of debt issuance costs 0.0   0.0   0.0 0.0
(Gain) loss on early extinguishment of debt, net 0.0       0.0  
Foreign currency losses (gains), net (4.4)   (0.9)   15.9 0.8
Miscellaneous, net 2.6   27.4   31.7 50.1
Other expense (income), net (0.4)   28.6   53.1 55.4
Loss from continuing operations before income taxes 14.6   11.9   (12.1) 21.0
(Benefit from) provision for income taxes 4.6   2.8   4.2 4.4
(Loss) income from continuing operations, net of taxes 10.0   9.1   (16.3) 16.6
(Loss) income from discontinued operations, net of taxes     1.6     2.3
Equity in income (loss) of subsidiaries 0.0   0.0   0.0 0.0
Net (loss) income 10.0   10.7   (16.3) 18.9
Other comprehensive (loss) income 11.2   (0.5)   2.4 0.1
Total comprehensive loss 21.2   10.2   (13.9) 19.0
Revlon Consumer Products Corporation | Eliminations            
Condensed Income Statements, Captions [Line Items]            
Net sales 0.0   (0.4)   (0.1) (3.2)
Cost of sales 0.0   (0.4)   (0.1) (3.2)
Gross profit 0.0   0.0   0.0 0.0
Selling, general and administrative expenses 0.0   0.0   0.0 0.0
Acquisition, integration and divestiture costs 0.0       0.0 0.0
Restructuring charges and other, net 0.0   0.0   0.0 0.0
Impairment charges 0.0       0.0  
(Gain) loss on divested assets 0.0       0.0  
Operating (loss) income 0.0   0.0   0.0 0.0
Other (income) expense:            
Intercompany interest, net 0.0   0.0   0.0 0.0
Interest Expense 0.0   0.0   0.0 0.0
Amortization of debt issuance costs 0.0   0.0   0.0 0.0
(Gain) loss on early extinguishment of debt, net 0.0       0.0  
Foreign currency losses (gains), net 0.0   0.0   0.0 0.0
Miscellaneous, net 0.0   0.0   0.0 0.0
Other expense (income), net 0.0   0.0   0.0 0.0
Loss from continuing operations before income taxes 0.0   0.0   0.0 0.0
(Benefit from) provision for income taxes 0.0   0.0   0.0 0.0
(Loss) income from continuing operations, net of taxes 0.0   0.0   0.0 0.0
(Loss) income from discontinued operations, net of taxes     0.0     0.0
Equity in income (loss) of subsidiaries 2.2   (7.4)   56.2 (20.2)
Net (loss) income 2.2   (7.4)   56.2 (20.2)
Other comprehensive (loss) income (19.1)   1.6   (16.8) 1.1
Total comprehensive loss $ (16.9)   $ (5.8)   $ 39.4 $ (19.1)
[1] See Note 13, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the six months ended June 30, 2020 and 2019, respectively.
[2] See Note 13, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the three months ended June 30, 2020 and 2019, respectively.