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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, 2021
Dec. 31, 2020
Net sales $ 2,078.7 $ 1,904.3
Cost of sales 849.1 860.5
Gross profit 1,229.6 1,043.8
Selling, general and administrative expenses 1,099.1 1,071.8
Acquisition, integration and divestiture costs 2.3 5.0
Restructuring charges and other, net 26.1 49.7
Impairment charges 0.0 144.1
Gain on divested assets (1.1) (0.5)
Operating income (loss) 103.2 (226.3)
Other expenses:    
Interest expense, net 247.7 243.3
Amortization of debt issuance costs 39.6 26.8
Gain on early extinguishment of debt 0.0 (43.1)
Foreign currency losses (gains), net 10.6 (6.0)
Miscellaneous, net 6.0 12.9
Other expense (income), net 303.9 233.9
(Loss) income from operations before income taxes (200.7) (460.2)
Provision for income taxes 6.2 158.8
Net (loss) income (206.9) (619.0)
Other comprehensive income (loss):    
Foreign currency translation adjustments (8.7) 10.2
Amortization of pension related costs, net of tax [1],[2] 13.8 11.4
Pension re-measurement, net of tax [3] 38.1 (52.1)
Other comprehensive (loss) income, net [4] 43.2 (30.5)
Total comprehensive (loss) income (163.7) (649.5)
Revlon Consumer Products Corporation    
Net sales 2,078.7 1,904.3
Cost of sales 849.1 860.5
Gross profit 1,229.6 1,043.8
Selling, general and administrative expenses 1,091.5 1,064.6
Acquisition, integration and divestiture costs 2.3 5.0
Restructuring charges and other, net 26.1 49.7
Impairment charges 0.0 144.1
Gain on divested assets (1.1) (0.5)
Operating income (loss) 110.8 (219.1)
Other expenses:    
Interest expense, net 247.7 243.3
Amortization of debt issuance costs 39.6 26.8
Gain on early extinguishment of debt 0.0 (43.1)
Foreign currency losses (gains), net 10.6 (6.0)
Miscellaneous, net 21.1 12.9
Other expense (income), net 319.0 233.9
(Loss) income from operations before income taxes (208.2) (453.0)
Provision for income taxes 3.2 140.5
Net (loss) income (211.4) (593.5)
Other comprehensive income (loss):    
Foreign currency translation adjustments (8.7) 10.2
Amortization of pension related costs, net of tax [5],[6] 13.8 11.4
Pension re-measurement, net of tax [7] 38.1 (52.1)
Other comprehensive (loss) income, net 43.2 (30.5) [8]
Total comprehensive (loss) income $ (168.2) $ (624.0)
[1] Net of tax benefit of nil for each of the years ended December 31, 2021 and 2020.
[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 and tax benefit of $1.9 million for the years ended December 31, 2021 and 2020, respectively.
[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, 2021 and 2020, respectively.
[5] Net of tax benefit of nil for each of the years ended December 31, 2021 and 2020.
[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 and tax benefit of $1.9 million for the years ended December 31, 2021 and 2020, respectively.
[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, 2021 and 2020, respectively.