FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Fair Values of Financial Assets and Liabilities

As of September 30, 2012, the fair values of the Company’s financial assets and liabilities that are required to be measured at fair value, namely its foreign currency forward exchange contracts (“FX Contracts”) are categorized in the table below:

	Total		Level 1		Level 2		Level 3
Assets:
Derivatives:
FX Contracts(a)	$	—	$	—	$	—	$	—
Total assets at fair value	$	—	$	—	$	—	$	—
Liabilities:
Derivatives:
FX Contracts(a)	$	0.9	$	—	$	0.9	$	—
Total liabilities at fair value	$	0.9	$	—	$	0.9	$	—

As of December 31, 2011, the fair values of the Company’s financial assets and liabilities that are required to be measured at fair value, namely its FX Contracts and the Change of Control Amount (as hereinafter defined) associated with Revlon, Inc.’s Series A Preferred Stock, par value $0.01 per share (“Preferred Stock”), are categorized in the table below:

	Total		Level 1		Level 2		Level 3
Assets
Derivatives:
FX Contracts(a)	$	0.2	$	—	$	0.2	$	—
Total assets at fair value	$	0.2	$	—	$	0.2	$	—
Liabilities
Derivatives:
FX Contracts(a)	$	0.8	$	—	$	0.8	$	—
Change of Control Amount (Preferred Stock)(b)		0.2		—		—		0.2
Total liabilities at fair value	$	1.0	$	—	$	0.8	$	0.2

Schedule of Fair Values of Financial Liabilities

As of September 30, 2012, the fair values of the Company’s financial liabilities not measured at fair value but for which disclosure of fair value is required, namely its long-term debt, including the current portion of long-term debt, and Preferred Stock, are categorized in the table below:

	Total		Level 1		Level 2		Level 3
Liabilities:
Long-term debt, including current portion	$	1,194.0	$	—	$	1,194.0	$	—
Preferred Stock		49.3		—		49.3		—
Total liabilities at fair value	$	1,243.3	$	—	$	1,243.3	$	—