SEGMENT DATA AND RELATED INFORMATION (Tables)

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Segment Net Sales:
Revlon	$	166.0	$	217.3	$	482.8	$	716.1
Elizabeth Arden	106.3		123.2		282.4		352.0
Portfolio	99.6		118.2		298.1		354.1
Fragrances	105.2		138.1		214.4		298.0
Total	$	477.1	$	596.8	$	1,277.7	$	1,720.2

Segment Profit:
Revlon	$	13.5	$	7.3	$	41.4	$	58.5
Elizabeth Arden	3.4		12.5		18.4		17.1
Portfolio	12.2		14.4		33.9		25.0
Fragrances	25.4		34.2		34.6		53.6
Total	$	54.5	$	68.4	$	128.3	$	154.2

Reconciliation:
Total Segment Profit	$	54.5	$	68.4	$	128.3	$	154.2
Less:

Depreciation and amortization	35.1		38.9		108.3		124.6
Non-cash stock compensation expense	5.1		3.9		8.6		7.7
Non-Operating items:
Restructuring and related charges	4.5		5.4		61.2		27.4
Acquisition, integration and divestiture costs	0.9		0.1		4.2		0.7
Gain on divested assets	(1.1)		—		(0.5)		—
Financial control remediation and sustainability actions and related charges	0.7		3.4		8.5		9.8
Excessive coupon redemptions	—		—		4.2		—
COVID-19 charges	9.7		—		35.1		—


Capital structure and related charges	9.3		—		9.3		—
Impairment charges	—		—		144.1		—



Operating (loss) income	(9.7)		16.7		(254.7)		(16.0)
Less:
Interest Expense	68.7		50.2		178.0		145.7

Amortization of debt issuance costs	7.8		3.7		17.8		10.4

Gain on early extinguishment of debt	(31.2)		—		(43.1)		—
Foreign currency (gains) losses, net	(9.8)		7.6		9.1		9.0
Miscellaneous, net	(2.6)		1.7		13.9		7.6
Loss from continuing operations before income taxes	$	(42.6)	$	(46.5)	$	(430.4)	$	(188.7)

Products Corporation



	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Segment Net Sales:
Revlon	$	166.0	$	217.3	$	482.8	$	716.1
Elizabeth Arden	106.3		123.2		282.4		352.0
Portfolio	99.6		118.2		298.1		354.1
Fragrances	105.2		138.1		214.4		298.0
Total	$	477.1	$	596.8	$	1,277.7	$	1,720.2

Segment Profit:
Revlon	$	14.2	$	7.9	$	43.6	$	60.6
Elizabeth Arden	3.8		13.0		19.7		18.2
Portfolio	12.6		14.7		35.3		26.0
Fragrances	25.9		34.6		35.6		54.5
Total	$	56.5	$	70.2	$	134.2	$	159.3

Reconciliation:
Total Segment Profit	$	56.5	$	70.2	$	134.2	$	159.3
Less:

Depreciation and amortization	35.1		38.9		108.3		124.6
Non-cash stock compensation expense	5.1		3.9		8.6		7.7
Non-Operating items:
Restructuring and related charges	4.5		5.4		61.2		27.4
Acquisition, integration and divestiture costs	0.9		0.1		4.2		0.7
Gain on divested assets	(1.1)		—		(0.5)		—
Financial control remediation and sustainability actions and related charges	0.7		3.4		8.5		9.8


Excessive coupon redemptions	—		—		4.2		—
COVID-19 charges	9.7		—		35.1		—
Capital structure and related charges	9.3		—		9.3		—
Impairment charge	—		—		144.1		—

Operating (loss) income	(7.7)		18.5		(248.8)		(10.9)
Less:
Interest Expense	68.7		50.2		178.0		145.7

Amortization of debt issuance costs	7.8		3.7		17.8		10.4

Gain on early extinguishment of debt	(31.2)		—		(43.1)		—
Foreign currency (gains) losses, net	(9.8)		7.6		9.1		9.0
Miscellaneous, net	(2.6)		1.7		13.9		7.6
Loss from continuing operations before income taxes	$	(40.6)	$	(44.7)	$	(424.5)	$	(183.6)

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 September 30, 2020										Nine Months Ended September 30, 2020
	Revlon		Elizabeth Arden		Portfolio		Fragrances		Total		Revlon		Elizabeth Arden		Portfolio		Fragrances		Total
Geographic Area(1):
Net Sales
North America	$	86.4	$	30.5	$	59.9	$	79.2	$	256.0	$	265.6	$	66.9	$	182.8	$	151.1	$	666.4
EMEA*	41.4		25.3		32.8		18.8		118.3		105.2		64.9		93.6		44.4		308.1
Asia	12.1		43.3		0.4		2.7		58.5		33.6		135.5		1.6		8.1		178.8
Latin America*	11.3		2.5		3.3		1.5		18.6		35.3		3.5		11.6		2.6		53.0
Pacific*	14.8		4.7		3.2		3.0		25.7		43.1		11.6		8.5		8.2		71.4
	$	166.0	$	106.3	$	99.6	$	105.2	$	477.1	$	482.8	$	282.4	$	298.1	$	214.4	$	1,277.7


	Three Months Ended September 30, 2019										Nine Months Ended September 30, 2019
	Revlon		Elizabeth Arden		Portfolio		Fragrances		Total		Revlon		Elizabeth Arden		Portfolio		Fragrances		Total
Geographic Area(1):
Net Sales
North America	$	100.0	$	29.5	$	71.4	$	98.6	$	299.5	367.9		83.9		214.5		198.4		$	864.7
EMEA*	48.1		37.3		38.4		26.8		150.6		153.3		95.8		111.0		68.9		429.0
Asia	30.1		46.5		1.0		4.0		81.6		78.4		148.1		3.2		12.8		242.5
Latin America*	18.8		2.2		4.5		3.1		28.6		56.2		7.2		16.2		7.1		86.7
Pacific*	20.3		7.7		2.9		5.6		36.5		60.3		17.0		9.2		10.8		97.3
	$	217.3	$	123.2	$	118.2	$	138.1	$	596.8	$	716.1	$	352.0	$	354.1	$	298.0	$	1,720.2

(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 net sales represented approximately 2.0% and 4.6% of the Company's total net sales for the third quarter of 2020 and 2019, respectively, and 2.2% and 4.9% of the Company's total net sales for the nine months ended September 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.

The following table presents the Company's long-lived assets by geographic area as of September 30, 2020 and December 31, 2019:


	September 30, 2020			December 31, 2019
Long-lived assets, net:
United States	$	1,208.1	82%	$	1,414.0	83%
International	259.3		18%	280.1		17%
	$	1,467.4		$	1,694.1

Schedule of Net Sales by Classes of Similar Products



	Three Months Ended September 30,						Nine Months Ended September 30,
	2020			2019			2020			2019
Classes of similar products:
Net sales:
Color cosmetics	$	104.7	22%	$	173.6	29%	$	305.3	24%	$	569.9	33%
Fragrance	141.6		30%	183.7		31%	300.5		24%	411.1		24%
Hair care	115.9		24%	120.5		20%	338.0		26%	379.0		22%
Beauty care	50.4		11%	43.6		7%	141.9		11%	132.7		8%
Skin care	64.5		13%	75.4		13%	192.0		15%	227.5		13%
	$	477.1		$	596.8		$	1,277.7		$	1,720.2