COMPREHENSIVE INCOME (LOSS) (Tables)

3 Months Ended

Mar. 31, 2019

COMPREHENSIVE INCOME [Abstract]

Schedule of Components of Comprehensive Income

The following summarizes the components of Other comprehensive (loss) income, net of tax, for the three months ended March 31, 2019 and 2018:

	Three Months Ended
(in millions)	2019		2018
Foreign currency translation (losses) gains	$	(71.9)	$	84.0
Foreign currency translation gain (loss) on hedges of net investments	10.6		(18.9)

Schedule of Accumulated Other Comprehensive Income (Loss)

Changes in AOCI, net of tax, by component for the three months ended March 31, 2019 and 2018 were as follows:

(in millions)	Foreign Currency Translation (Loss)		Gain (Loss) on Cash Flow Hedges		(Loss) Gain on Net Investment Hedges		Pension Liability (Loss) Gain		Total
Balance, net of tax, at December 31, 2018	$	(284.7)	$	0.6	$	(111.4)	$	(83.2)	$	(478.7)
Other comprehensive (loss) income before reclassifications and tax impact	(59.9)		(7.7)		18.6		—		(49.0)
Tax (expense) benefit	(1.4)		2.4		(11.8)		—		(10.8)
Other comprehensive (loss) income, net of tax, before reclassifications	(61.3)		(5.3)		6.8		—		(59.8)
Amounts reclassified from accumulated other comprehensive income, net of tax	—		0.2		—		0.9		1.1
Net (decrease) increase in other comprehensive loss	(61.3)		(5.1)		6.8		0.9		(58.7)
Balance, net of tax, at March 31, 2019	$	(346.0)	$	(4.5)	$	(104.6)	$	(82.3)	$	(537.4)

(in millions)	Foreign Currency Translation (Loss) Gain		(Loss) Gain on Cash Flow Hedges		(Loss) Gain on Net Investment Hedges		Net Unrealized Holding Gain on Available-for-sale Securities		Pension Liability (Loss) Gain		Total
Balance, net of tax, at December 31, 2017	$	(104.5)	$	(12.6)	$	(127.6)	$	44.3	$	(90.6)	$	(291.0)
Other comprehensive income (loss) before reclassifications and tax impact	84.3		(7.0)		(17.9)		—		—		59.4
Tax (expense) benefit	(19.2)		1.3		9.3		—		—		(8.6)
Other comprehensive income (loss), net of tax, before reclassifications	65.1		(5.7)		(8.6)		—		—		50.8
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	—		2.3		—		(44.3)		1.2		(40.8)
Net increase (decrease) in other comprehensive loss	65.1		(3.4)		(8.6)		(44.3)		1.2		10.0
Balance, net of tax, at March 31, 2018	$	(39.4)	$	(16.0)	$	(136.2)	$	—	$	(89.4)	$	(281.0)

Reclassification Out of Accumulated Other Comprehensive Income

Reclassifications out of AOCI to the Consolidated Statements of Operations for the three months ended March 31, 2019 and 2018 were as follows:

	Amounts Reclassified from AOCI				Affected Line Item in the Consolidated Statements of Operations
(in millions)	Three Months Ended
Details about AOCI Components	2019		2018
Loss on derivative financial instruments:
Interest rate swaps	$	(0.6)	$	(0.6)	Interest expense
Foreign exchange forward contracts	0.4		(1.8)		Cost of products sold
Net loss before tax	(0.2)		(2.4)
Tax impact	—		0.1		Provision for income taxes
Net loss after tax	$	(0.2)	$	(2.3)
Amortization of defined benefit pension and other postemployment benefit items:
Amortization of prior service benefits	$	0.1	$	—	(a)
Amortization of net actuarial losses	(1.4)		(1.7)		(a)
Net loss before tax	(1.3)		(1.7)
Tax impact	0.4		0.5		Provision for income taxes
Net loss after tax	$	(0.9)	$	(1.2)
Total reclassifications for the period	$	(1.1)	$	(3.5)

(a) These AOCI components are included in the computation of net periodic benefit cost for the three months ended March 31, 2019 and 2018.