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COMPREHENSIVE INCOME (Tables)
 3 Months Ended
Mar. 31, 2016
COMPREHENSIVE INCOME [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
Changes in AOCI, net of tax, by component for the three months ended March 31, 2016 and 2015:
(in millions)
 
Foreign Currency Translation Adjustments
 
Gain and (Loss) on Derivative Financial Instruments Designated as Cash Flow Hedges
 
Gain and (Loss) on Derivative Financial Instruments Designated as Net Investment Hedges
 
Pension Liability Adjustments
 
Total
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2015
 
$
(401.2
)
 
$
(1.2
)
 
$
(110.2
)
 
$
(81.4
)
 
$
(594.0
)
Other comprehensive income (loss) before reclassifications
 
183.3

 
(6.5
)
 
(30.4
)
 
—

 
146.4

Tax benefit
 
8.3

 
2.3

 
11.7

 
—

 
22.3

Other comprehensive (loss) income, net of tax, before reclassifications
 
191.6

 
(4.2
)
 
(18.7
)
 
—

 
168.7

Amounts reclassified from accumulated other comprehensive income (loss)
 
(4.9
)
 
(1.9
)
 
—

 
0.9

 
(5.9
)
Net (decrease) increase in other comprehensive income
 
186.7

 
(6.1
)
 
(18.7
)
 
0.9

 
162.8

Balance at March 31, 2016
 
$
(214.5
)
 
$
(7.3
)
 
$
(128.9
)
 
$
(80.5
)
 
$
(431.2
)

(in millions)
 
Foreign Currency Translation Adjustments
 
Gain and (Loss) on Derivative Financial Instruments Designated as Cash Flow Hedges
 
Gain and (Loss) on Derivative Financial Instruments Designated as Net Investment Hedges
 
Net Unrealized Holding Gain (Loss)on Available-for-Sale Securities
 
Pension Liability Adjustments
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2014
 
$
(212.5
)
 
$
(10.8
)
 
$
(112.7
)
 
$
8.5

 
$
(113.6
)
 
$
(441.1
)
Other comprehensive income (loss) before reclassifications and tax impact
 
(181.9
)
 
23.4

 
12.5

 
44.5

 
—

 
(101.5
)
Tax expense
 
(7.6
)
 
(2.5
)
 
(5.1
)
 
(13.7
)
 
—

 
(28.9
)
Other comprehensive income (loss), net of tax, before reclassifications
 
(189.5
)
 
20.9

 
7.4

 
30.8

 
—

 
(130.4
)
Amounts reclassified from accumulated other comprehensive income (loss)
 
—

 
(3.5
)
 
—

 
—

 
1.4

 
(2.1
)
Net (decrease) increase in other comprehensive income
 
(189.5
)
 
17.4

 
7.4

 
30.8

 
1.4

 
(132.5
)
Balance at March 31, 2015
 
$
(402.0
)
 
$
6.6

 
$
(105.3
)
 
$
39.3

 
$
(112.2
)
 
$
(573.6
)
Reclassification out of Accumulated Other Comprehensive Income
Reclassifications out of accumulated other comprehensive income (expense) to the Consolidated Statements of Operations for the three months ended March 31, 2016 and 2015:
(in millions)
 
 
 
 
 
 
Details about AOCI Components
 
Amounts Reclassified from AOCI
 
Affected Line Item in the Consolidated Statements of Operations
 
Three Months Ended March 31,
 
 
2016
 
2015
 
 
 
 
 
 
 
 
Gains and (losses) on derivative financial instruments:
Interest rate swaps
 
$
(1.1
)
 
$
(1.0
)
 
Interest expense
Foreign exchange forward contracts
 
3.1

 
3.9

 
Cost of products sold
Foreign exchange forward contracts
 
0.1

 
0.2

 
SG&A expenses
Commodity contracts
 
(0.2
)
 
(0.1
)
 
Cost of products sold
 
 
1.9

 
3.0

 
Net gain before tax
 
 
—

 
0.5

 
Tax benefit
 
 
$
1.9

 
$
3.5

 
Net of tax
 
 
 
 
 
 
 
Realized foreign currency gain on sale of foreign subsidiary:
Foreign currency translation adjustment
 
$
4.9

 
$
—

 
Other expense (income), net
 
 
 
 
 
 
 
Amortization of defined benefit pension and other postemployment benefit items:
Amortization of net actuarial losses
 
(1.3
)
 
(2.0
)
 
(a)
 
 
(1.3
)
 
(2.0
)
 
Net loss before tax
 
 
0.4

 
0.6

 
Tax benefit
 
 
$
(0.9
)
 
$
(1.4
)
 
Net of tax
 
 
 
 
 
 
 
Total reclassifications for the period
 
$
5.9

 
$
2.1

 
 

(a) These accumulated other comprehensive income components are included in the computation of net periodic benefit cost for the three months ended March 31, 2016 and 2015 (see Note 8, Benefit Plans, for additional details).