- Definition

The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.

+ References+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Principles of Consolidation
Lag period for including results of European subsidiaries in consolidated financial statements	1 month
Cash and Cash Equivalents
Maximum term of original maturity to classify instruments as cash and cash equivalents	3 months
Research and Development Costs
Research and development expenses	$ 17.8	$ 15.3	$ 15.4
Buildings
Property, Plant, Equipment and Depreciation
Useful life	45 months
Machinery and equipment \| Maximum
Property, Plant, Equipment and Depreciation
Useful life	12 years
Machinery and equipment \| Minimum
Property, Plant, Equipment and Depreciation
Useful life	2 years