Pension and Post-retirement Benefits

6 Months Ended

Jun. 30, 2011

Pension and Post-retirement Benefits [Abstract]

Pension and Post-retirement Benefits

(2)   Pension and Post-retirement Benefits

The components of net periodic benefit cost for the pension and the other post-retirement benefit plans for the second quarter of 2011 and 2010 are as follows:

							Other
							Post-retirement
	Pension Plans						Benefit Plans
	Three Months Ended						Three Months Ended
	June 30,						June 30,
	2011			2010			2011		2010
Net periodic benefit costs:
Service cost	$	0.3		$	0.4		$	—	$	—
Interest cost		8.1			8.4			0.2		0.2
Expected return on plan assets		(8.8	)		(8.0	)		—		—
Amortization of actuarial (gain) loss		1.4			(0.1	)		0.1		—
		1.0			0.7			0.3		0.2
Portion allocated to Revlon Holdings LLC		—			(0.1	)		—		—
	$	1.0		$	0.6		$	0.3	$	0.2

The components of net periodic benefit cost for the pension and the other post-retirement benefit plans for the first six months of 2011 and 2010 are as follows:

							Other
							Post-retirement
	Pension Plans						Benefit Plans
	Six Months Ended						Six Months Ended
	June 30,						June 30,
	2011			2010			2011		2010
Net periodic benefit costs:
Service cost	$	0.6		$	0.8		$	—	$	—
Interest cost		16.2			16.9			0.4		0.4
Expected return on plan assets		(17.5	)		(16.1	)		—		—
Amortization of actuarial loss		2.7			2.6			0.2		0.1
		2.0			4.2			0.6		0.5
Portion allocated to Revlon Holdings LLC		—			(0.1	)		—		—
	$	2.0		$	4.1		$	0.6	$	0.5

The increase in net periodic benefit costs in the second quarter of 2011, as compared to the prior year period, was primarily due to lower amortization of actuarial losses in the second quarter of 2010 as a result of the impact of a change in the amortization period of actuarial (gains) losses from the remaining service period to the remaining life expectancy of plan participants in the second quarter of 2010.

In the first six months of 2011, compared to the prior year period, the Company recognized lower net periodic benefit cost primarily due to the increase in the fair value of pension plan assets at December 31, 2010, partially offset by a decrease in the weighted-average discount rate. The Company expects net periodic benefit costs for the pension and the other post-retirement benefit plans to be approximately $5 million for all of 2011, compared with $9.3 million in 2010.

During the second quarter of 2011, $6.0 million and $0.2 million were contributed to the Company’s pension plans and other post-retirement benefit plans, respectively. During the first six months of 2011, $14.5 million and $0.5 million were contributed to the Company’s pension plans and other post-retirement benefit plans, respectively. The Company currently expects to contribute approximately $30 million in the aggregate to its pension plans and other post-retirement benefit plans in 2011.

Relevant aspects of the qualified defined benefit pension plans, nonqualified pension plans and other post-retirement benefit plans sponsored by Products Corporation are disclosed in Revlon, Inc.’s 2010 Form 10-K.