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GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Goodwill by Segment
The following table presents the changes in goodwill by segment for the year ended December 31, 2022:
RevlonPortfolioElizabeth ArdenFragrancesTotal
Balance at January 1, 2021$265.4 $87.9 $89.5 $120.9 $563.7 
Foreign currency translation adjustment(0.4)(0.1)(0.2)(0.2)(0.9)
Balance at December 31, 2021$265.0 $87.8 $89.3 $120.7 $562.8 
Foreign currency translation adjustment(0.3)(0.1)(0.1)(0.1)(0.6)
Balance at December 31, 2022$264.7 $87.7 $89.2 $120.6 $562.2 
Cumulative goodwill impairment charges(a)
$(166.2)
(a) Amount refers to cumulative goodwill impairment charges related to impairments recognized in 2015, 2017, 2018 and 2020; no impairment charges were recognized during the years ended December 31, 2022 and 2021.
Schedule of Impaired Intangible Assets A summary of such impairment charges by segments is included in the following table:
Year Ended
December 31, 2022
RevlonPortfolioElizabeth ArdenFragrancesTotal
Finite-lived intangible assets$— $18.7 $— $— $18.7 
Indefinite-lived intangible assets— 5.6 — — 5.6 
Total Intangibles Impairment$— $24.3 $— $— $24.3 
Summary of Finite-Lived Intangible Assets
The following tables present details of the Company's total intangible assets as of December 31, 2022 and December 31, 2021:
December 31, 2022
Gross Carrying AmountAccumulated AmortizationImpairmentNet Carrying AmountWeighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses$269.6 $(155.1)$(5.3)$109.2 11
Customer relationships244.6 (134.8)(10.9)98.9 9
Patents and internally-developed intellectual property24.4 (18.6)(2.5)3.3 5
Distribution rights31.0 (10.9)— 20.1 12
Other1.3 (1.3)— — 0
Total finite-lived intangible assets$570.9 $(320.7)$(18.7)$231.5 
Indefinite-lived intangible assets:
Trade names (a)
$108.2 N/A$(5.6)$102.6 
Total indefinite-lived intangible assets$108.2 N/A$(5.6)$102.6 
Total intangible assets$679.1 $(320.7)$(24.3)$334.1 
December 31, 2021
Gross Carrying AmountAccumulated AmortizationImpairmentNet Carrying AmountWeighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses$270.8 $(142.9)$— $127.9 12
Customer relationships247.2 (122.7)— 124.5 10
Patents and internally-developed intellectual property23.8 (17.4)— 6.4 5
Distribution rights31.0 (9.2)— 21.8 13
Other1.3 (1.3)— — 0
Total finite-lived intangible assets$574.1 $(293.5)$— $280.6 
Indefinite-lived intangible assets:
Trade names (a)
$111.6 N/A$— $111.6 
Total indefinite-lived intangible assets$111.6 N/A$— $111.6 
Total intangible assets$685.7 $(293.5)$— $392.2 
(a) Indefinite-lived trade names carrying amount includes accumulated impairment of $33.1 million from 2020.
Summary of Indefinite-Lived Intangible Assets
The following tables present details of the Company's total intangible assets as of December 31, 2022 and December 31, 2021:
December 31, 2022
Gross Carrying AmountAccumulated AmortizationImpairmentNet Carrying AmountWeighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses$269.6 $(155.1)$(5.3)$109.2 11
Customer relationships244.6 (134.8)(10.9)98.9 9
Patents and internally-developed intellectual property24.4 (18.6)(2.5)3.3 5
Distribution rights31.0 (10.9)— 20.1 12
Other1.3 (1.3)— — 0
Total finite-lived intangible assets$570.9 $(320.7)$(18.7)$231.5 
Indefinite-lived intangible assets:
Trade names (a)
$108.2 N/A$(5.6)$102.6 
Total indefinite-lived intangible assets$108.2 N/A$(5.6)$102.6 
Total intangible assets$679.1 $(320.7)$(24.3)$334.1 
December 31, 2021
Gross Carrying AmountAccumulated AmortizationImpairmentNet Carrying AmountWeighted-Average Useful Life (in Years)
Finite-lived intangible assets:
Trademarks and licenses$270.8 $(142.9)$— $127.9 12
Customer relationships247.2 (122.7)— 124.5 10
Patents and internally-developed intellectual property23.8 (17.4)— 6.4 5
Distribution rights31.0 (9.2)— 21.8 13
Other1.3 (1.3)— — 0
Total finite-lived intangible assets$574.1 $(293.5)$— $280.6 
Indefinite-lived intangible assets:
Trade names (a)
$111.6 N/A$— $111.6 
Total indefinite-lived intangible assets$111.6 N/A$— $111.6 
Total intangible assets$685.7 $(293.5)$— $392.2 
(a) Indefinite-lived trade names carrying amount includes accumulated impairment of $33.1 million from 2020.
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 December 31, 2022:
Estimated Amortization Expense
2023$26.6 
202424.2 
202524.1 
202623.7 
202722.8 
Thereafter110.1 
Total$231.5