XML 74 R46.htm IDEA: XBRL DOCUMENT v3.20.4
SEGMENT DATA AND RELATED INFORMATION (Tables)
12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
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.
Year Ended December 31,
20202019
Segment Net Sales:
Revlon$688.4 $958.8 
Elizabeth Arden463.5 520.0 
Portfolio401.3 487.8 
Fragrances351.1 453.0 
Total$1,904.3 $2,419.6 
Segment Profit:
Revlon$86.5 $101.2 
Elizabeth Arden39.6 37.6 
Portfolio47.4 45.0 
Fragrances66.6 82.3 
Total$240.1 $266.1 
Reconciliation:
Total Segment Profit$240.1 $266.1 
Less:
Depreciation and amortization143.3 162.9 
Non-cash stock compensation expense10.4 8.1 
Non-Operating items:
Restructuring and related charges68.7 30.5 
Acquisition, integration and divestiture costs
5.0 3.9 
(Gain) loss on divested assets(0.5)(26.6)
Financial control remediation and sustainability actions and related charges
9.6 13.4 
Excessive coupon redemptions 4.2 13.2 
COVID-19 charges46.3 — 
Capital structure and related charges35.3 — 
Impairment charges144.1 — 
      Operating (loss) income
(226.3)60.7 
Less:
Interest Expense243.3 196.6 
Amortization of debt issuance costs26.8 14.6
   Gain on early extinguishment of debt(43.1)— 
Foreign currency (gains) losses, net(6.0)(1.9)
Miscellaneous, net12.9 16.4 
Loss from continuing operations before income taxes$(460.2)$(165.0)
Products Corporation
Year Ended December 31,
20202019
Segment Net Sales:
Revlon$688.4 $958.8 
Elizabeth Arden463.5 520.0 
Portfolio401.3 487.8 
Fragrances351.1 453.0 
Total$1,904.3 $2,419.6 
Segment Profit:
Revlon$89.1 $104.3 
Elizabeth Arden41.4 39.3 
Portfolio48.9 46.6 
Fragrances67.9 83.8 
Total$247.3 $274.0 
Reconciliation:
Total Segment Profit$247.3 $274.0 
Less:
Depreciation and amortization143.3 162.9 
Non-cash stock compensation expense10.4 8.1 
Non-Operating items:
Restructuring and related charges68.7 30.5 
Acquisition, integration and divestiture costs
5.0 3.9 
Gain on divested assets
(0.5)(26.6)
Financial control remediation and sustainability actions and related charges
9.6 13.4 
Excessive coupon redemptions 4.2 13.2 
COVID-19 charges46.3 — 
Capital structure and related charges35.3 — 
Impairment charge144.1 — 
      Operating (loss) income(219.1)68.6 
Less:
Interest Expense243.3 196.6 
Amortization of debt issuance costs26.8 14.6 
   Gain on early extinguishment of debt(43.1)
Foreign currency (gains) losses, net(6.0)(1.9)
Miscellaneous, net12.9 16.4 
Loss from continuing operations before income taxes$(453.0)$(157.1)
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:

Year Ended December 31, 2020
RevlonElizabeth ArdenPortfolioFragrancesTotal
Geographic Area(1):
 Net Sales
   North America$381.0 $104.4 $247.9 $253.4 $986.7 
   EMEA*146.3 95.7 122.9 69.9 434.8 
   Asia49.9 239.2 2.2 10.9 302.2 
   Latin America*50.9 5.8 16.2 4.7 77.6 
   Pacific*60.3 18.4 12.1 12.2 103.0 
$688.4 $463.5 $401.3 $351.1 $1,904.3 

Year Ended December 31, 2019
RevlonElizabeth ArdenPortfolioFragrancesTotal
Geographic Area(1):
 Net Sales
   North America497.2120.4298.9309.2$1,225.7 
   EMEA*199.9130.6149.8102.9583.2 
   Asia107.9236.14.216.1364.3 
   Latin America*75.59.222.210.2117.1 
   Pacific*78.323.712.714.6129.3 
$958.8 $520.0 $487.8 $453.0 $2,419.6 

(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 2.1% and 4.6% of the Company's total net sales for the year ended December 31, 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:
December 31, 2020December 31, 2019
Long-lived assets, net:
United States$1,194.9 82%$1,414.0 83%
International260.7 18%280.1 17%
$1,455.6 $1,694.1 
Schedule of Net Sales by Classes of Similar Products
Year Ended December 31,
20202019
Classes of similar products:
   Net sales:
Color cosmetics$452.0 24%$769.9 32%
Fragrance
486.1 25%611.726%
Hair care456.1 24%513.8 21%
Beauty care
189.0 10%176.97%
Skin care
321.1 17%347.3 14%
$1,904.3 $2,419.6