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DERIVATIVES AND HEDGING TRANSACTIONS - Information by Type of Derivative and Hedging Activities (Details)
€ in Millions, $ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
Jun. 30, 2016
EUR (€)
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
Dec. 31, 2006
contract
Jun. 30, 2016
USD ($)
Mar. 31, 2016
EUR (€)
Jan. 31, 2016
USD ($)
Dec. 31, 2015
EUR (€)
Dec. 31, 2015
USD ($)
Jan. 31, 2015
USD ($)
May 31, 2014
USD ($)
Net Investment Hedge:                          
Revaluation gain (loss), net of tax $ (12.9) $ 21.8   $ (27.9) $ 78.8                
Derivative Summary                          
Maximum period for hedged transactions     2 years 2 years                  
Number of interest rate swap contracts entered into and subsequently closed | contract           2              
Three year 2016 senior notes                          
Impact on AOCI and earnings from derivative contracts                          
Aggregate principal amount             $ 400.0   $ 400.0        
Interest rate (as a percent)     2.00%       2.00%   2.00%        
Three year 2015 senior notes                          
Impact on AOCI and earnings from derivative contracts                          
Aggregate principal amount             $ 300.0       $ 300.0    
Series A private placement senior notes due 2018                          
Impact on AOCI and earnings from derivative contracts                          
Aggregate principal amount             250.0       250.0    
Five year 2011 senior notes                          
Impact on AOCI and earnings from derivative contracts                          
Aggregate principal amount             1,250.0       1,250.0    
Five year 2012 senior notes                          
Impact on AOCI and earnings from derivative contracts                          
Aggregate principal amount             500.0       500.0    
Ten Year 2015 senior euro notes                          
Impact on AOCI and earnings from derivative contracts                          
Aggregate principal amount | €     € 575             € 575      
Foreign currency forward contracts.                          
Net Investment Hedge:                          
Notional values             4,100.0       4,000.0    
Interest rate swaps                          
Net Investment Hedge:                          
Notional values             $ 2,075.0       $ 1,675.0    
Cash Flow Hedges | Derivatives designated as hedging instruments                          
Impact on AOCI and earnings from derivative contracts                          
Unrealized gain (loss) recognized into AOCI (effective portion) (28.4) 2.5   $ (40.4) 13.4                
Cash Flow Hedges | Foreign currency forward contracts. | Derivatives designated as hedging instruments                          
Impact on AOCI and earnings from derivative contracts                          
Gain (loss) reclassified from AOCI into income (effective portion) 1.3 5.5   4.9 10.8                
Cash Flow Hedges | Foreign currency forward contracts. | Derivatives designated as hedging instruments | AOCI (equity)                          
Impact on AOCI and earnings from derivative contracts                          
Unrealized gain (loss) recognized into AOCI (effective portion) (23.8) (5.4)   (27.5) 19.9                
Cash Flow Hedges | Foreign currency forward contracts. | Derivatives designated as hedging instruments | Cost of sales                          
Impact on AOCI and earnings from derivative contracts                          
Gain (loss) reclassified from AOCI into income (effective portion) 8.9 5.1   21.6 9.9                
Cash Flow Hedges | Foreign currency forward contracts. | Derivatives designated as hedging instruments | Selling, general and administrative expenses                          
Impact on AOCI and earnings from derivative contracts                          
Gain (loss) reclassified from AOCI into income (effective portion) (9.0) 0.4   (19.6) 0.9                
Cash Flow Hedges | Foreign currency forward contracts. | Derivatives designated as hedging instruments | Interest expense, net                          
Impact on AOCI and earnings from derivative contracts                          
Gain (loss) reclassified from AOCI into income (effective portion) 1.4     2.9                  
Cash Flow Hedges | Foreign currency forward contracts. | Derivatives not designated as hedging instruments                          
Impact on AOCI and earnings from derivative contracts                          
Gain (loss) on derivative recognized in income 14.7 (11.2)   (18.4) (11.3)                
Cash Flow Hedges | Foreign currency forward contracts. | Derivatives not designated as hedging instruments | Selling, general and administrative expenses                          
Impact on AOCI and earnings from derivative contracts                          
Gain (loss) on derivative recognized in income 17.3 (5.5)   (15.3) (0.7)                
Cash Flow Hedges | Foreign currency forward contracts. | Derivatives not designated as hedging instruments | Interest expense, net                          
Impact on AOCI and earnings from derivative contracts                          
Gain (loss) on derivative recognized in income (2.6) (5.7)   (3.1) (10.6)                
Cash Flow Hedges | Interest rate swaps | Derivatives designated as hedging instruments                          
Impact on AOCI and earnings from derivative contracts                          
Gain (loss) reclassified from AOCI into income (effective portion) (0.3) 4.1   1.7 8.2                
Cash Flow Hedges | Interest rate swaps | Derivatives designated as hedging instruments | AOCI (equity)                          
Impact on AOCI and earnings from derivative contracts                          
Unrealized gain (loss) recognized into AOCI (effective portion) (4.6) 7.9   (12.9) (6.5)                
Cash Flow Hedges | Interest rate swaps | Derivatives designated as hedging instruments | Interest expense, net                          
Impact on AOCI and earnings from derivative contracts                          
Gain (loss) reclassified from AOCI into income (effective portion) (1.6) (1.4)   (3.2) (2.6)                
Fair Value Hedges                          
Derivative Summary                          
Gain (loss) recognized in income (ineffective portion)       0.0                  
Fair Value Hedges | Interest rate swaps | Three year 2016 senior notes                          
Impact on AOCI and earnings from derivative contracts                          
Aggregate principal amount                 $ 400.0        
Interest rate (as a percent)                 2.00%        
Fair Value Hedges | Interest rate swaps | Three year 2015 senior notes                          
Impact on AOCI and earnings from derivative contracts                          
Aggregate principal amount                       $ 300.0  
Interest rate (as a percent)                       1.55%  
Fair Value Hedges | Interest rate swaps | Series A private placement senior notes due 2018                          
Impact on AOCI and earnings from derivative contracts                          
Aggregate principal amount                       $ 250.0  
Interest rate (as a percent)                       3.69%  
Fair Value Hedges | Interest rate swaps | Five year 2011 senior notes                          
Impact on AOCI and earnings from derivative contracts                          
Aggregate principal amount                       $ 1,250.0 $ 500.0
Interest rate (as a percent)                       3.00% 1.45%
Fair Value Hedges | Interest rate swaps | Interest expense, net                          
Impact on AOCI and earnings from derivative contracts                          
Gain (loss) on derivative recognized in income 3.0 0.9   13.7 1.9                
Gain (loss) on hedged item recognized in income (3.0) (0.9)   (13.7) (1.9)                
Net Investment Hedges                          
Net Investment Hedge:                          
Notional values | €     65             € 25      
Revaluation gain (loss), net of tax $ (12.9) $ 21.8   (27.9) $ 78.8                
Net Investment Hedges | Senior euro notes                          
Net Investment Hedge:                          
Euro-denominated debt outstanding       $ 835.0                  
Net Investment Hedges | Ten Year 2015 senior euro notes                          
Net Investment Hedge:                          
Euro-denominated debt outstanding | €     575                    
Net Investment Hedges | Series B private placement senior euro notes, due 2016                          
Net Investment Hedge:                          
Euro-denominated debt outstanding | €     € 175                    
Net Investment Hedges | Foreign currency forward contracts.                          
Net Investment Hedge:                          
Notional values | €               € 40