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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
Jun. 30, 2017
USD ($)
Jun. 30, 2016
USD ($)
Jun. 30, 2017
USD ($)
Jun. 30, 2016
USD ($)
Jun. 30, 2017
EUR (€)
Jun. 30, 2017
USD ($)
Dec. 31, 2016
EUR (€)
Dec. 31, 2016
USD ($)
Jan. 31, 2016
USD ($)
Jan. 31, 2015
USD ($)
May 31, 2014
USD ($)
Net Investment Hedge:                      
Revaluation gain (loss), net of tax $ (55.6) $ (12.9) $ (52.8) $ (27.9)              
Derivative Summary                      
Maximum period for hedged transactions     2 years                
Three year 2016 senior notes                      
Impact on AOCI and earnings from derivative contracts                      
Aggregate principal amount           $ 400.0   $ 400.0      
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 2012 senior notes                      
Impact on AOCI and earnings from derivative contracts                      
Aggregate principal amount           500.0   500.0      
Ten year 2011 senior notes                      
Impact on AOCI and earnings from derivative contracts                      
Aggregate principal amount           1,250.0   1,250.0      
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           5,288.0   4,317.0      
Interest rate swaps                      
Net Investment Hedge:                      
Notional values           1,450.0   $ 1,450.0      
Cash Flow Hedges | Derivatives designated as hedging instruments                      
Impact on AOCI and earnings from derivative contracts                      
Unrealized gain (loss) recognized into AOCI (effective portion) (28.9) (28.4) $ (44.3) (40.4)              
Gain (loss) reclassified from AOCI into income (effective portion) (31.9) (0.3) (34.2) 1.7              
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) (30.1) 1.3 (30.6) 4.9              
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) (28.9) (23.8) (44.3) (27.5)              
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) (8.3) 8.9 (10.8) 21.6              
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) (23.3) (9.0) (22.7) (19.6)              
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) 1.5 1.4 2.9 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 (48.4) 14.7 (41.3) (18.4)              
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 (50.8) 17.3 (43.8) (15.3)              
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 2.4 (2.6) 2.5 (3.1)              
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)   (12.9)              
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) (1.8) (1.6) (3.6) (3.2)              
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 2012 senior notes                      
Impact on AOCI and earnings from derivative contracts                      
Aggregate principal amount                     $ 500.0
Interest rate (as a percent)                     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 1.3 3.0 (0.4) 13.7              
Gain (loss) on hedged item recognized in income (1.3) (3.0) 0.4 (13.7)              
Net Investment Hedges                      
Net Investment Hedge:                      
Revaluation gain (loss), net of tax $ (55.6) $ (12.9) $ (52.8) $ (27.9)              
Net Investment Hedges | European commercial paper                      
Net Investment Hedge:                      
Notional values         200 225.0          
Net Investment Hedges | Senior euro notes                      
Net Investment Hedge:                      
Notional values         1,150 $ 1,292.0          
Net Investment Hedges | Foreign currency forward contracts.                      
Net Investment Hedge:                      
Notional values | €         € 40   € 0