QUARTERLY FINANCIAL RESULTS AND MARKET FOR THE COMPANY'S STOCK (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Millions |
1 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2019 |
Sep. 30, 2019 |
Jun. 30, 2019 |
Mar. 31, 2019 |
Dec. 31, 2018 |
Sep. 30, 2018 |
Jun. 30, 2018 |
Mar. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2017 |
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Quarterly Financial Information Disclosure [Abstract] | |||||||||||||
Net sales | $ 1,174.1 | $ 1,094.0 | $ 1,086.9 | $ 993.0 | $ 977.7 | $ 906.6 | $ 943.7 | $ 894.8 | $ 4,348.0 | $ 3,722.8 | $ 3,435.3 | ||
Gross profit | 887.9 | 801.6 | 782.9 | 761.2 | 743.0 | 681.7 | 697.5 | 661.2 | 3,233.6 | 2,783.4 | 2,560.0 | ||
Net income | $ 280.2 | $ 274.7 | $ 242.3 | $ 249.7 | $ 7.0 | $ 225.9 | $ 282.7 | $ 206.6 | $ 1,046.9 | $ 722.2 | $ 583.6 | ||
Earnings per common share (a): | |||||||||||||
Basic (in dollars per share) | $ 1.34 | $ 1.32 | $ 1.16 | $ 1.20 | $ 0.03 | $ 1.08 | $ 1.35 | $ 0.98 | $ 5.03 | $ 3.45 | $ 2.77 | ||
Diluted (in dollars per share) | 1.32 | $ 1.30 | $ 1.14 | $ 1.18 | $ 0.03 | 1.06 | 1.32 | 0.96 | $ 4.93 | $ 3.38 | $ 2.70 | ||
Class of Stock [Line Items] | |||||||||||||
Inventory write off | $ 26.9 | $ 46.2 | $ 73.1 | $ 0.0 | $ 0.0 | ||||||||
Gain (loss) on litigation settlement | $ 180.0 | ||||||||||||
Early-stage Transcatheter Intellectual Property | |||||||||||||
Class of Stock [Line Items] | |||||||||||||
Acquisition transaction costs | $ 24.0 | ||||||||||||
Developed Technology and In-process Research and Development | Valtech | |||||||||||||
Class of Stock [Line Items] | |||||||||||||
Impairment of intangible assets | $ 116.2 | $ 116.2 | $ 116.2 | ||||||||||
High | |||||||||||||
Class of Stock [Line Items] | |||||||||||||
Market price (in dollars per share) | 247.64 | $ 228.19 | $ 195.00 | $ 197.86 | $ 174.99 | 175.00 | 155.22 | 143.22 | $ 247.64 | $ 175.00 | |||
Low | |||||||||||||
Class of Stock [Line Items] | |||||||||||||
Market price (in dollars per share) | $ 213.23 | $ 183.01 | $ 165.69 | $ 140.86 | $ 136.44 | $ 134.53 | $ 123.00 | $ 110.68 | $ 140.86 | $ 110.68 | |||
Rest of World | Developed technology (Note 4) | Valtech | |||||||||||||
Class of Stock [Line Items] | |||||||||||||
Impairment of intangible assets | $ 40.6 | $ 40.6 | |||||||||||
Rest of World | Developed Technology and In-process Research and Development | Valtech | |||||||||||||
Class of Stock [Line Items] | |||||||||||||
Impairment of intangible assets | $ 116.2 |