On May 10, 2021, the Company announced that it was expanding the existing Revlon 2020 Restructuring Program through 2023. The Company renamed the revised program the Revlon Global Growth Accelerator (“RGGA”). RGGA includes a reinvestment strategy to strengthen our brands and drive long-term profitable margin and revenue growth through realized incremental productivity initiatives and enhanced capabilities.

•Strategic Growth: Boost organic sales growth behind our strategic pillars – brands, markets, and channels -- to deliver an approximate mid-single digit compound average annual growth rate through 2023;

•Build Capabilities: Enhance capabilities and up-skill employees in order to evolve our culture to promote agility and deliver transformational change.

Since inception and through December 31, 2021, the Company recorded pre-tax restructuring and related charges of $101.9 million in connection with RGGA, consisting primarily of (i) $76.6 million of employee severance, other personnel benefits and other costs; and (ii) $25.3 million of lease and other restructuring-related charges that were recorded within Selling, general & administrative expenses ("SG&A") and Cost of sales.

A summary of the RGGA charges incurred since its inception in March 2020 and through December 31, 2021 is presented in the following table:



	Restructuring Charges and Other, Net
	Employee Severance and Other Personnel Benefits		Other Costs		Total Restructuring Charges		Leases (a)		Other Related Charges (b)		Total Restructuring and Related Charges
Charges incurred through December 31, 2020	$	48.6	$	1.9	$	50.5	$	12.6	$	5.7	$	68.8
Charges incurred during the year ended December 31, 2021	4.1		22.0		$	26.1	5.1		1.9		33.1
Cumulative charges incurred through December 31, 2021	$	52.7	$	23.9	$	76.6	$	17.7	$	7.6	$	101.9

(b) Other related charges are recorded within SG&A and cost of sales in the Company’s Consolidated Statement of Operations and Comprehensive Loss.

A summary of the RGGA restructuring charges incurred since its inception in March 2020 and through December 31, 2021 by reportable segment is presented in the following table:



	Charges incurred during the year ended December 31, 2021		Cumulative charges incurred through December 31, 2021
Revlon	$	7.3	$	28.0
Elizabeth Arden	9.6		19.0
Portfolio	4.4		18.0
Fragrances	4.8		11.6
Total	$	26.1	$	76.6



					Utilized, Net
	Liability Balance at January 1, 2021		Expense, Net		Cash		Liability Balance at December 31, 2021
RGGA:
Employee severance and other personnel benefits	$	12.6	$	4.1	$	(14.8)	$	1.9
Other	—		22.0		(22.0)		—
Total RGGA	12.6		26.1		(36.8)		1.9














Other restructuring initiatives:
Employee severance and other personnel benefits	1.2		—		(0.4)		0.8


Total restructuring reserve	$	13.8	$	26.1	$	(37.2)	$	2.7


							Utilized, Net
	Liability Balance at January 1, 2020		Expense, Net		Foreign Currency Translation		Cash		Liability Balance at December 31, 2020
RGGA (Previously "Revlon 2020 Restructuring Program")
Employee severance and other personnel benefits	$	—	$	48.6	$	—	$	(36.0)	$	12.6
Other	—		1.9		—		(1.9)		—
Total RGGA	—		50.5		—		(37.9)		12.6

2018 Optimization Program:
Employee severance and other personnel benefits	5.7		(0.6)		—		(4.0)		1.1

Total 2018 Optimization Program	5.7		(0.6)		—		(4.0)		1.1




Other restructuring initiatives (a):
Employee severance and other personnel benefits	4.3		(0.2)		0.2		(4.2)		0.1


Total restructuring reserve	$	10.0	$	49.7	$	0.2	$	(46.1)	$	13.8

(a) The balance of other restructuring initiatives primarily consists of balances outstanding under the EA Integration Restructuring Program implemented by the Company in December 2016, which was completed by December 2018. The reversal of charges and payments made during the year ended December 31, 2020 primarily related to other individually and collectively immaterial restructuring initiatives.