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GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Goodwill by Segment
The following table presents the changes in goodwill by segment for the nine months ended September 30, 2020:
RevlonPortfolioElizabeth ArdenFragrancesTotal
Balance at January 1, 2020$264.9 $171.1 $116.9 $120.8 $673.7 
Foreign currency translation adjustment0.3 0.2 — — 0.5 
Goodwill impairment charge— (83.5)(27.5)— (111.0)
Balance at September 30, 2020$265.2 $87.8 $89.4 $120.8 $563.2 
Cumulative goodwill impairment charges(a)
$(166.2)
(a) Amount refers to cumulative goodwill impairment charges related to impairments recognized in 2015, 2017, 2018 and 2020; nil and $111.0 million of such impairment charges were recognized during the three and nine months ended September 30, 2020, respectively.
Schedule of Impaired Intangible Assets A summary of such impairment charges by segments is included in the following table:
Three Months Ended
September 30, 2020
RevlonPortfolioElizabeth ArdenFragrancesTotal
Indefinite-lived intangible assets$— $— $— $— $— 
Total Intangibles Impairment$— $— $— $— $— 
Nine Months Ended
September 30, 2020
RevlonPortfolioElizabeth ArdenFragrancesTotal
Indefinite-lived intangible assets$— $(2.5)$(30.6)$— $(33.1)
Total Intangibles Impairment$— $(2.5)$(30.6)$— $(33.1)
Summary of Finite-Lived Intangible Assets
The following tables present details of the Company's total intangible assets as of September 30, 2020 and December 31, 2019:
September 30, 2020
Gross Carrying AmountAccumulated AmortizationImpairmentNet Carrying AmountWeighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses$271.3 $(122.7)$— $148.6 12
Customer relationships248.8 (107.4)— 141.4 11
Patents and internally-developed intellectual property23.7 (15.2)— 8.5 5
Distribution rights31.0 (7.0)— 24.0 14
Other1.3 (1.3)— — 0
Total finite-lived intangible assets$576.1 $(253.6)$— $322.5 
Indefinite-lived intangible assets:
Trade names$146.5 N/A$(33.1)$113.4 
Total indefinite-lived intangible assets$146.5 N/A$(33.1)$113.4 
Total intangible assets$722.6 $(253.6)$(33.1)$435.9 
December 31, 2019
Gross Carrying AmountAccumulated AmortizationImpairmentNet Carrying AmountWeighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses$271.2 $(110.9)$— $160.3 13
Customer relationships248.3 (96.5)— 151.8 11
Patents and internally-developed intellectual property21.5 (12.1)— 9.4 5
Distribution rights31.0 (5.6)— 25.4 15
Other1.3 (1.3)— — 0
Total finite-lived intangible assets$573.3 $(226.4)$— $346.9 
Indefinite-lived intangible assets:
Trade names$143.8 N/A$— $143.8 
Total indefinite-lived intangible assets$143.8 N/A$— $143.8 
Total intangible assets$717.1 $(226.4)$— $490.7 
Summary of Indefinite-Lived Intangible Assets
The following tables present details of the Company's total intangible assets as of September 30, 2020 and December 31, 2019:
September 30, 2020
Gross Carrying AmountAccumulated AmortizationImpairmentNet Carrying AmountWeighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses$271.3 $(122.7)$— $148.6 12
Customer relationships248.8 (107.4)— 141.4 11
Patents and internally-developed intellectual property23.7 (15.2)— 8.5 5
Distribution rights31.0 (7.0)— 24.0 14
Other1.3 (1.3)— — 0
Total finite-lived intangible assets$576.1 $(253.6)$— $322.5 
Indefinite-lived intangible assets:
Trade names$146.5 N/A$(33.1)$113.4 
Total indefinite-lived intangible assets$146.5 N/A$(33.1)$113.4 
Total intangible assets$722.6 $(253.6)$(33.1)$435.9 
December 31, 2019
Gross Carrying AmountAccumulated AmortizationImpairmentNet Carrying AmountWeighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses$271.2 $(110.9)$— $160.3 13
Customer relationships248.3 (96.5)— 151.8 11
Patents and internally-developed intellectual property21.5 (12.1)— 9.4 5
Distribution rights31.0 (5.6)— 25.4 15
Other1.3 (1.3)— — 0
Total finite-lived intangible assets$573.3 $(226.4)$— $346.9 
Indefinite-lived intangible assets:
Trade names$143.8 N/A$— $143.8 
Total indefinite-lived intangible assets$143.8 N/A$— $143.8 
Total intangible assets$717.1 $(226.4)$— $490.7 
Estimated Future Amortization Expense
The following table reflects the estimated future amortization expense for each period presented, a portion of which is subject to exchange rate fluctuations, for the Company's finite-lived intangible assets as of September 30, 2020:
Estimated Amortization Expense
2020$8.7 
202133.4 
202232.4 
202330.9 
202427.6 
Thereafter189.5 
Total$322.5