XML 100 R87.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 9 Months Ended
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Sep. 30, 2020
Sep. 30, 2019
Condensed Income Statements, Captions [Line Items]                
Net sales $ 477.1     $ 596.8     $ 1,277.7 $ 1,720.2
Cost of sales 234.3     269.0     600.7 750.7
Gross profit 242.8     327.8     677.0 969.5
Selling, general and administrative expenses 253.4     308.1     739.1 973.2
Acquisition, integration and divestiture costs 0.9     0.1     4.2 0.7
Restructuring charges and other, net (0.7)     2.9     44.8 11.6
Impairment charges 0.0     0.0     144.1 0.0
Gain on divested assets (1.1)     0.0     (0.5) 0.0
Operating (loss) income (9.7)     16.7     (254.7) (16.0)
Other (income) expense:                
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)     0.0     (43.1) 0.0
Foreign currency losses (gains), net (9.8)     7.6     9.1 9.0
Miscellaneous, net (2.6)     1.7     13.9 7.6
Other expense (income), net 32.9     63.2     175.7 172.7
Loss from continuing operations before income taxes (42.6)     (46.5)     (430.4) (188.7)
Provision for (benefit from) income taxes 1.9     (2.1)     (45.2) (3.2)
(Loss) income from continuing operations, net of taxes (44.5)     (44.4)     (385.2) (185.5)
(Loss) income from discontinued operations, net of taxes 0.0     (0.3)     0.0 2.0
Net (loss) income (44.5) $ (126.8) $ (213.9) (44.7) $ (63.7) $ (75.1) (385.2) (183.5)
Other comprehensive (loss) income 5.0 [1] 14.3 [1] (2.7) [1] 0.5 [1] 5.3 [1] 0.9 [1] 16.6 6.7
Total comprehensive loss (39.5)     (44.2)     (368.6) (176.8)
Revlon Consumer Products Corporation                
Condensed Income Statements, Captions [Line Items]                
Net sales 477.1     596.8     1,277.7 1,720.2
Cost of sales 234.3     269.0     600.7 750.7
Gross profit 242.8     327.8     677.0 969.5
Selling, general and administrative expenses 251.4     306.3     733.2 968.1
Acquisition, integration and divestiture costs 0.9     0.1     4.2 0.7
Restructuring charges and other, net (0.7)     2.9     44.8 11.6
Impairment charges 0.0     0.0     144.1 0.0
Gain on divested assets (1.1)     0.0     (0.5) 0.0
Operating (loss) income (7.7)     18.5     (248.8) (10.9)
Other (income) expense:                
Intercompany interest, net 0.0     0.0     0.0 0.0
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)     0.0     (43.1) 0.0
Foreign currency losses (gains), net (9.8)     7.6     9.1 9.0
Miscellaneous, net (2.6)     1.7     13.9 7.6
Other expense (income), net 32.9     63.2     175.7 172.7
Loss from continuing operations before income taxes (40.6)     (44.7)     (424.5) (183.6)
Provision for (benefit from) income taxes 2.3     (1.8)     (44.2) (2.4)
(Loss) income from continuing operations, net of taxes (42.9)     (42.9)     (380.3) (181.2)
(Loss) income from discontinued operations, net of taxes 0.0     (0.3)     0.0 2.0
Equity in income (loss) of subsidiaries 0.0     0.0     0.0 0.0
Net (loss) income (42.9) (125.2) (212.2) (43.2) (62.5) (73.5) (380.3) (179.2)
Other comprehensive (loss) income 5.0 [2] $ 14.3 [2] $ (2.7) [2] 0.5 [2] $ 5.3 [2] $ 0.9 [2] 16.6 6.7
Total comprehensive loss (37.9)     (42.7)     (363.7) (172.5)
Revlon Consumer Products Corporation | Reportable Legal Entities | Products Corporation                
Condensed Income Statements, Captions [Line Items]                
Net sales 95.7     118.4     305.9 429.4
Cost of sales 45.6     64.9     158.5 205.1
Gross profit 50.1     53.5     147.4 224.3
Selling, general and administrative expenses 84.4     90.5     247.6 329.5
Acquisition, integration and divestiture costs 0.8     0.1     4.0 0.6
Restructuring charges and other, net (8.4)     1.0     32.3 3.4
Impairment charges (23.4)           120.7  
Gain on divested assets (1.1)           (0.5)  
Operating (loss) income (2.2)     (38.1)     (256.7) (109.2)
Other (income) expense:                
Intercompany interest, net (0.5)     (1.1)     (3.5) (3.5)
Interest Expense 67.3     48.5     173.0 140.5
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 losses (gains), net 1.0     0.9     1.6 1.2
Miscellaneous, net (1.8)     (8.4)     (0.9) (26.4)
Other expense (income), net 42.6     43.6     144.9 122.2
Loss from continuing operations before income taxes (44.8)     (81.7)     (401.6) (231.4)
Provision for (benefit from) income taxes (6.3)     (31.4)     (58.4) (36.8)
(Loss) income from continuing operations, net of taxes (38.5)     (50.3)     (343.2) (194.6)
(Loss) income from discontinued operations, net of taxes       0.0       0.0
Equity in income (loss) of subsidiaries 30.0     30.8     0.7 39.3
Net (loss) income (8.5)     (19.5)     (342.5) (155.3)
Other comprehensive (loss) income 5.0     0.5     16.6 6.7
Total comprehensive loss (3.5)     (19.0)     (325.9) (148.6)
Revlon Consumer Products Corporation | Reportable Legal Entities | Guarantor Subsidiaries                
Condensed Income Statements, Captions [Line Items]                
Net sales 148.9     174.8     339.6 428.9
Cost of sales 92.6     88.1     190.5 217.3
Gross profit 56.3     86.7     149.1 211.6
Selling, general and administrative expenses 47.7     82.1     163.8 238.7
Acquisition, integration and divestiture costs 0.0     0.0     0.0 0.1
Restructuring charges and other, net 2.7     0.5     7.0 3.4
Impairment charges 22.0           22.0  
Gain on divested assets 0.0           0.0  
Operating (loss) income (16.1)     4.1     (43.7) (30.6)
Other (income) expense:                
Intercompany interest, net 0.7     0.6     1.8 2.0
Interest Expense 0.0     0.0     0.0 0.0
Amortization of debt issuance costs 0.0     0.0     0.0 0.0
Gain on early extinguishment of debt 0.0           0.0  
Foreign currency losses (gains), net (0.7)     (0.1)     1.7 0.2
Miscellaneous, net (55.4)     (10.0)     (71.5) (36.2)
Other expense (income), net (55.4)     (9.5)     (68.0) (34.0)
Loss from continuing operations before income taxes 39.3     13.6     24.3 3.4
Provision for (benefit from) income taxes 17.8     18.9     19.2 19.3
(Loss) income from continuing operations, net of taxes 21.5     (5.3)     5.1 (15.9)
(Loss) income from discontinued operations, net of taxes       0.0       0.0
Equity in income (loss) of subsidiaries (10.0)     0.1     (36.9) 11.8
Net (loss) income 11.5     (5.2)     (31.8) (4.1)
Other comprehensive (loss) income (7.1)     3.9     7.3 2.7
Total comprehensive loss 4.4     (1.3)     (24.5) (1.4)
Revlon Consumer Products Corporation | Reportable Legal Entities | Non-Guarantor Subsidiaries                
Condensed Income Statements, Captions [Line Items]                
Net sales 232.4     303.9     632.2 865.4
Cost of sales 96.0     116.3     251.7 331.8
Gross profit 136.4     187.6     380.5 533.6
Selling, general and administrative expenses 119.3     133.7     321.8 399.9
Acquisition, integration and divestiture costs 0.1     0.0     0.2 0.0
Restructuring charges and other, net 5.0     1.4     5.5 4.8
Impairment charges 1.4           1.4  
Gain on divested assets 0.0           0.0  
Operating (loss) income 10.6     52.5     51.6 128.9
Other (income) expense:                
Intercompany interest, net (0.2)     0.5     1.7 1.5
Interest Expense 1.4     1.7     5.0 5.2
Amortization of debt issuance costs 0.0     0.0     0.0 0.0
Gain on early extinguishment of debt 0.0           0.0  
Foreign currency losses (gains), net (10.1)     6.8     5.8 7.6
Miscellaneous, net 54.6     20.1     86.3 70.2
Other expense (income), net 45.7     29.1     98.8 84.5
Loss from continuing operations before income taxes (35.1)     23.4     (47.2) 44.4
Provision for (benefit from) income taxes (9.2)     10.7     (5.0) 15.1
(Loss) income from continuing operations, net of taxes (25.9)     12.7     (42.2) 29.3
(Loss) income from discontinued operations, net of taxes       (0.3)       2.0
Equity in income (loss) of subsidiaries 0.0     0.0     0.0 0.0
Net (loss) income (25.9)     12.4     (42.2) 31.3
Other comprehensive (loss) income 1.6     (1.9)     4.0 (1.8)
Total comprehensive loss (24.3)     10.5     (38.2) 29.5
Revlon Consumer Products Corporation | Eliminations                
Condensed Income Statements, Captions [Line Items]                
Net sales 0.1     (0.3)     0.0 (3.5)
Cost of sales 0.1     (0.3)     0.0 (3.5)
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 0.0
Restructuring charges and other, net 0.0     0.0     0.0 0.0
Impairment charges 0.0           0.0  
Gain 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 on early extinguishment of debt 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
Provision for (benefit from) 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 (20.0)     (30.9)     36.2 (51.1)
Net (loss) income (20.0)     (30.9)     36.2 (51.1)
Other comprehensive (loss) income 5.5     (2.0)     (11.3) (0.9)
Total comprehensive loss $ (14.5)     $ (32.9)     $ 24.9 $ (52.0)
[1] See Note 13, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the nine months ended September 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 September 30, 2020 and 2019, respectively.