ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2021

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

The Company's accrued expenses and other current liabilities consisted of the following:


	December 31,		December 31,
	2021		2020
Advertising, marketing and promotional costs	$	113.3	$	96.3
Sales returns and allowances	92.3		95.5
Taxes (a)	52.8		41.8
Compensation and related benefits	33.7		50.1
Interest	31.3		29.6
Freight and distribution costs	18.4		9.5
Professional services and insurance	28.5		18.6
Short-term lease liability	12.9		16.6
Restructuring reserve	2.7		13.8
Software	2.2		3.1
Other (b)	43.9		46.0
Total	$	432.0	$	420.9

(a) Accrued Taxes for Products Corporation as of December 31, 2021 and December 31, 2020 were $52.8 million and $44.8 million, respectively,

(b) Accrued Other for Products Corporation as of December 31, 2021 and December 31, 2020 were $44.0 million and $46.0 million, respectively.

On December 22, 2020, certain of the Company's subsidiaries and Helen of Troy Limited (the “Licensee”) entered into a Trademark License Agreement (the “License Agreement”) to combine and revise the existing licenses that are in place between the parties. The License Agreement grants the Licensee the exclusive right to use the “Revlon” brand in connection with the manufacture, display, advertising, promotion, labeling, sale, marketing and distribution of certain hair and grooming products until December 31, 2060 (with 3 additional 20-year renewal periods) in exchange for a one-time, upfront cash fee of $72.5 million, which is included as deferred revenue within Other long-term liabilities and Accrued expenses and other current liabilities on the Company's Consolidated Balance Sheets. The deferred revenue will be amortized to royalty income within "Net Sales" on the Company's Consolidated Statement of Operations over a period of 26 years, estimated based on the point in time in which 90% of the total discounted cash flows is captured.