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GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Goodwill by Segment
The following table presents the changes in goodwill by segment for the three months ended March 31, 2021:
RevlonPortfolioElizabeth ArdenFragrancesTotal
Balance at January 1, 2021$265.4 $87.9 $89.5 $120.9 $563.7 
Foreign currency translation adjustment(0.2)(0.1)(0.1)(0.1)(0.5)
Balance at March 31, 2021$265.2 $87.8 $89.4 $120.8 $563.2 
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.
Summary of Finite-Lived Intangible Assets
The following tables present details of the Company's total intangible assets as of March 31, 2021 and December 31, 2020:
March 31, 2021
Gross Carrying AmountAccumulated AmortizationImpairmentNet Carrying AmountWeighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses$271.7 $(131.8)$— $139.9 12
Customer relationships249.2 (113.7)— 135.5 11
Patents and internally-developed intellectual property23.6 (16.0)— 7.6 5
Distribution rights31.0 (7.9)— 23.1 14
Other1.3 (1.3)— — 0
Total finite-lived intangible assets$576.8 $(270.7)$— $306.1 
Indefinite-lived intangible assets:
Trade names$146.5 N/A$(33.1)$113.4 
Total indefinite-lived intangible assets$146.5 N/A$(33.1)$113.4 
Total intangible assets$723.3 $(270.7)$(33.1)$419.5 
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 
Summary of Indefinite-Lived Intangible Assets
The following tables present details of the Company's total intangible assets as of March 31, 2021 and December 31, 2020:
March 31, 2021
Gross Carrying AmountAccumulated AmortizationImpairmentNet Carrying AmountWeighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses$271.7 $(131.8)$— $139.9 12
Customer relationships249.2 (113.7)— 135.5 11
Patents and internally-developed intellectual property23.6 (16.0)— 7.6 5
Distribution rights31.0 (7.9)— 23.1 14
Other1.3 (1.3)— — 0
Total finite-lived intangible assets$576.8 $(270.7)$— $306.1 
Indefinite-lived intangible assets:
Trade names$146.5 N/A$(33.1)$113.4 
Total indefinite-lived intangible assets$146.5 N/A$(33.1)$113.4 
Total intangible assets$723.3 $(270.7)$(33.1)$419.5 
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 
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 March 31, 2021:
Estimated Amortization Expense
2021$25.0 
202230.5 
202328.3 
202426.0 
202524.8 
Thereafter171.5 
Total$306.1