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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Net sales $ 1,904.3 $ 2,419.6
Cost of sales 860.5 1,052.2
Gross profit 1,043.8 1,367.4
Selling, general and administrative expenses 1,071.8 1,316.6
Acquisition, integration and divestiture costs 5.0 3.9
Restructuring charges and other, net 49.7 12.8
Impairment charges 144.1 0.0
Gain on divested assets (0.5) (26.6)
Operating (loss) income (226.3) 60.7
Other expenses:    
Interest expense, net 243.3 196.6
Amortization of debt issuance costs 26.8 14.6
Gain on early extinguishment of debt (43.1) 0.0
Foreign currency gains, net (6.0) (1.9)
Miscellaneous, net 12.9 16.4
Other expense (income), net 233.9 225.7
Loss from continuing operations before income taxes (460.2) (165.0)
Provision for income taxes 158.8 0.2
(Loss) income from continuing operations, net of taxes (619.0) (165.2)
Income from discontinued operations, net of taxes 0.0 7.5
Net (loss) income (619.0) (157.7)
Other comprehensive income (loss):    
Foreign currency translation adjustments [1] 10.2 (2.9)
Amortization of pension related costs, net of tax [2],[3] 11.4 9.0
Pension re-measurement, net of tax [4] (52.1) (19.3)
Other comprehensive loss, net [5] (30.5) (13.2)
Total comprehensive (loss) income $ (649.5) $ (170.9)
Basic and Diluted (loss) earnings per common share:    
Continuing operations (in dollars per share) $ (11.59) $ (3.11)
Discontinued operations (in dollars per share) 0 0.14
Net loss (in dollars per share) $ (11.59) $ (2.97)
Weighted average number of common shares outstanding:    
Basic (in shares) 53,401,324 53,081,321
Diluted (in shares) 53,401,324 53,081,321
Revlon Consumer Products Corporation    
Net sales $ 1,904.3 $ 2,419.6
Cost of sales 860.5 1,052.2
Gross profit 1,043.8 1,367.4
Selling, general and administrative expenses 1,064.6 1,308.7
Acquisition, integration and divestiture costs 5.0 3.9
Restructuring charges and other, net 49.7 12.8
Impairment charges 144.1 0.0
Gain on divested assets (0.5) (26.6)
Operating (loss) income (219.1) 68.6
Other expenses:    
Interest expense, net 243.3 196.6
Amortization of debt issuance costs 26.8 14.6
Gain on early extinguishment of debt (43.1) 0.0
Foreign currency gains, net (6.0) (1.9)
Miscellaneous, net 12.9 16.4
Other expense (income), net 233.9 225.7
Loss from continuing operations before income taxes (453.0) (157.1)
Provision for income taxes 140.5 1.6
(Loss) income from continuing operations, net of taxes (593.5) (158.7)
Income from discontinued operations, net of taxes 0.0 7.5
Net (loss) income (593.5) (151.2)
Other comprehensive income (loss):    
Foreign currency translation adjustments [6] 10.2 (2.9)
Amortization of pension related costs, net of tax [7],[8] 11.4 9.0
Pension re-measurement, net of tax [9] (52.1) (19.3)
Other comprehensive loss, net [10] (30.5) (13.2)
Total comprehensive (loss) income $ (624.0) $ (164.4)
[1] Net of tax expense of nil and $1.8 million for the years ended December 31, 2020 and 2019, respectively.
[2] Net of tax expense of nil and $1.1 million for the years ended December 31, 2020 and 2019, respectively.
[3] This amount is included in the computation of net periodic benefit costs (income). See Note 11, "Pension and Post-Retirement Benefits," for additional information regarding net periodic benefit costs (income).
[4] Net of tax benefit of $1.9 million and $5.2 million for the years ended December 31, 2020 and 2019, respectively.
[5] See Note 14, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the years ended December 31, 2020 and 2019, respectively.
[6] Net of tax expense of nil and $1.8 million for the years ended December 31, 2020 and 2019, respectively.
[7] Net of tax expense of nil and $1.1 million for the years ended December 31, 2020 and 2019, respectively.
[8] This amount is included in the computation of net periodic benefit costs (income). See Note 11, "Pension and Post-Retirement Benefits," for additional information regarding net periodic benefit costs (income).
[9] Net of tax benefit of $1.9 million and $5.2 million for the years ended December 31, 2020 and 2019, respectively.
[10] See Note 14, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during the years ended December 31, 2020 and 2019, respectively.