DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Effect of Derivative Instruments on Consolidated Condensed Statements of Operations and Consolidated Condensed Statements of Comprehensive Income (Details) - Derivatives designated as hedging instruments - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
|
Cash flow hedges | Foreign currency contracts | ||||
Derivative Instruments, Gain (Loss) | ||||
Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion) | $ 21.7 | $ 23.2 | $ 57.9 | $ 26.9 |
Net investment hedges | Cross-currency swap contracts | ||||
Derivative Instruments, Gain (Loss) | ||||
Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion) | $ 2.7 | $ (6.5) | $ 7.1 | $ (9.0) |