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GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Goodwill by Segment
The following table presents the changes in goodwill by segment for the year ended December 31, 2020:
RevlonPortfolioElizabeth ArdenFragrancesTotal
Balance at January 1, 2019$265.0 $171.2 $116.9 $120.8 $673.9 
Foreign currency translation adjustment(0.1)(0.1)— — (0.2)
Balance at December 31, 2019$264.9 $171.1 $116.9 $120.8 $673.7 
Foreign currency translation adjustment0.5 0.3 0.1 0.1 1.0 
Goodwill impairment charge— (83.5)(27.5)— (111.0)
Balance at December 31, 2020$265.4 $87.9 $89.5 $120.9 $563.7 
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; $111.0 million of such impairment charges were recognized during the year ended December 31, 2020.
Schedule of Impaired Intangible Assets A summary of such impairment charges by segments is included in the following table:
Year Ended
December 31, 2020
RevlonPortfolioElizabeth ArdenFragrancesTotal
Indefinite-lived intangible assets$— $(2.5)$(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 December 31, 2020 and December 31, 2019:
December 31, 2020
Gross Carrying AmountAccumulated AmortizationImpairmentNet Carrying AmountWeighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses$272.8 $(128.6)$— $144.2 12
Customer relationships249.9 (110.7)— 139.2 11
Patents and internally-developed intellectual property23.6 (15.6)— 8.0 5
Distribution rights31.0 (7.5)— 23.5 14
Other1.3 (1.3)— — 0
Total finite-lived intangible assets$578.6 $(263.7)$— $314.9 
Indefinite-lived intangible assets:
Trade names$149.0 N/A$(33.1)$115.9 
Total indefinite-lived intangible assets$149.0 N/A$(33.1)$115.9 
Total intangible assets$727.6 $(263.7)$(33.1)$430.8 
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 December 31, 2020 and December 31, 2019:
December 31, 2020
Gross Carrying AmountAccumulated AmortizationImpairmentNet Carrying AmountWeighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses$272.8 $(128.6)$— $144.2 12
Customer relationships249.9 (110.7)— 139.2 11
Patents and internally-developed intellectual property23.6 (15.6)— 8.0 5
Distribution rights31.0 (7.5)— 23.5 14
Other1.3 (1.3)— — 0
Total finite-lived intangible assets$578.6 $(263.7)$— $314.9 
Indefinite-lived intangible assets:
Trade names$149.0 N/A$(33.1)$115.9 
Total indefinite-lived intangible assets$149.0 N/A$(33.1)$115.9 
Total intangible assets$727.6 $(263.7)$(33.1)$430.8 
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 December 31, 2020:
Estimated Amortization Expense
2021$33.5 
202232.6 
202331.0 
202427.6 
202526.4 
Thereafter163.8 
Total$314.9