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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - REVLON CONSUMER PRODUCTS CORPORATION AND SUBSIDIARIES - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Net sales $ 1,980.4 $ 2,078.7
Cost of sales 835.7 849.1
Gross profit 1,144.7 1,229.6
Selling, general and administrative expenses 1,033.1 1,099.1
Acquisition, integration and divestiture costs 0.9 2.3
Restructuring charges and other, net 6.5 26.1
Impairment charges 24.3 0.0
Gain on divested assets 0.0 (1.1)
Operating income 79.9 103.2
Other expenses:    
Interest expense, net 252.9 247.7
Amortization of debt issuance costs 20.9 39.6
Foreign currency losses, net 25.1 10.6
Miscellaneous, net 7.2 6.0
Reorganization items, net 416.0 0.0
Other expense (income), net 722.1 303.9
(Loss) income from operations before income taxes (642.2) (200.7)
Provision for income taxes 31.7 6.2
Net (loss) income (673.9) (206.9)
Other comprehensive income (loss):    
Foreign currency translation adjustments (1.8) (8.7)
Amortization of pension related costs, net of tax [1],[2] 11.5 13.8
Pension re-measurement, net of tax [3] 5.6 38.1
Pension settlement and curtailment, net of tax [1] (0.5) 0.0
Other comprehensive (loss) income, net [4] 14.8 43.2
Total comprehensive (loss) income (659.1) (163.7)
Revlon Consumer Products Corporation    
Net sales 1,980.4 2,078.7
Cost of sales 835.7 849.1
Gross profit 1,144.7 1,229.6
Selling, general and administrative expenses 1,025.4 1,091.5
Acquisition, integration and divestiture costs 0.9 2.3
Restructuring charges and other, net 6.5 26.1
Impairment charges 24.3 0.0
Gain on divested assets 0.0 (1.1)
Operating income 87.6 110.8
Other expenses:    
Interest expense, net 252.9 247.7
Amortization of debt issuance costs 20.9 39.6
Foreign currency losses, net 25.1 10.6
Miscellaneous, net 20.1 21.1
Reorganization items, net 416.0 0.0
Other expense (income), net 735.0 319.0
(Loss) income from operations before income taxes (647.4) (208.2)
Provision for income taxes 31.7 3.2
Net (loss) income (679.1) (211.4)
Other comprehensive income (loss):    
Foreign currency translation adjustments (1.8) (8.7)
Amortization of pension related costs, net of tax [5],[6] 11.5 13.8
Pension re-measurement, net of tax [7] 5.6 38.1
Pension settlement and curtailment, net of tax [5] (0.5) 0.0
Other comprehensive (loss) income, net [8] 14.8 43.2
Total comprehensive (loss) income $ (664.3) $ (168.2)
[1] Net of tax expense of nil for the years ended December 31, 2022 and 2021.
[2] 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).
[3] Net of tax expense of $0.3 million for each of the years ended December 31, 2022 and 2021.
[4] 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, 2022 and 2021, respectively.
[5] Net of tax expense of nil for the years ended December 31, 2022 and 2021
[6] 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).
[7] Net of tax expense of $0.3 million for each of the years ended December 31, 2022 and 2021.
[8] 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, 2022 and 2021, respectively.