COMPREHENSIVE INCOME (LOSS) (Tables)

6 Months Ended

Jun. 30, 2019

COMPREHENSIVE INCOME [Abstract]

Schedule of Components of Comprehensive Income

The following summarizes the components of Other comprehensive income (loss), net of tax, for the three and six months ended June 30, 2019 and 2018:

	Three Months Ended				Six Months Ended
(in millions)	2019		2018		2019		2018
Foreign currency translation gains (losses)	$	54.9	$	(223.4)	$	(17.0)	$	(139.4)
Foreign currency translation (loss) gain on hedges of net investments	(11.2)		31.0		(0.6)		12.1

Schedule of Accumulated Other Comprehensive Income (Loss)

Changes in AOCI, net of tax, by component for the six months ended June 30, 2019 and 2018 were as follows:

(in millions)	Foreign Currency Translation Gain (Loss)		Gain (Loss) on Cash Flow Hedges		Gain (Loss) on Net Investment Hedges		Pension Liability Gain (Loss)		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	(13.4)		(15.4)		6.7		—		(22.1)
Tax (expense) benefit	(4.2)		4.0		(4.6)		—		(4.8)
Other comprehensive (loss) income, net of tax, before reclassifications	(17.6)		(11.4)		2.1		—		(26.9)
Amounts reclassified from accumulated other comprehensive income, net of tax	—		1.2		—		1.8		3.0
Net (decrease) increase in other comprehensive loss	(17.6)		(10.2)		2.1		1.8		(23.9)
Balance, net of tax, at June 30, 2019	$	(302.3)	$	(9.6)	$	(109.3)	$	(81.4)	$	(502.6)

(in millions)	Foreign Currency Translation Gain (Loss)		Gain (Loss) on Cash Flow Hedges		Gain (Loss) on Net Investment Hedges		Net Unrealized Holding Gain on Available-for-sale Securities		Pension Liability Gain (Loss)		Total
Balance, net of tax, at December 31, 2017	$	(104.5)	$	(12.6)	$	(127.6)	$	44.3	$	(90.6)	$	(291.0)
Other comprehensive (loss) income before reclassifications and tax impact	(106.6)		(4.2)		29.4		—		2.4		(79.0)
Tax (expense) benefit	(20.7)		0.5		(14.5)		—		(0.6)		(35.3)
Other comprehensive (loss) income, net of tax, before reclassifications	(127.3)		(3.7)		14.9		—		1.8		(114.3)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	—		6.4		—		(44.3)		2.4		(35.5)
Net (decrease) increase in other comprehensive loss	(127.3)		2.7		14.9		(44.3)		4.2		(149.8)
Balance, net of tax, at June 30, 2018	$	(231.8)	$	(9.9)	$	(112.7)	$	—	$	(86.4)	$	(440.8)

Reclassification Out of Accumulated Other Comprehensive Income

Reclassifications out of AOCI to the Consolidated Statements of Operations for the three and six months ended June 30, 2019 and 2018 were as follows:

Details about AOCI Components	Amounts Reclassified from AOCI				Affected Line Item in the Consolidated Statements of Operations
	Three Months Ended
(in millions)	2019		2018
Loss on derivative financial instruments:
Interest rate swaps	$	(0.5)	$	(0.5)	Interest expense
Foreign exchange forward contracts	(0.5)		(4.3)		Cost of products sold
Net loss before tax	(1.0)		(4.8)
Tax impact	—		0.7		Provision (benefit) for income taxes
Net loss after tax	$	(1.0)	$	(4.1)
Amortization of defined benefit pension and other postemployment benefit items:
Amortization of prior service benefits	$	0.1	$	—	(a)
Amortization of net actuarial losses	(1.3)		(1.7)		(a)
Net loss before tax	(1.2)		(1.7)
Tax impact	0.3		0.5		Provision (benefit) for income taxes
Net loss after tax	$	(0.9)	$	(1.2)
Total reclassifications for the period	$	(1.9)	$	(5.3)

(a) These AOCI components are included in the computation of net periodic benefit cost for the three months ended June 30, 2019 and 2018.

Details about AOCI Components	Amounts Reclassified from AOCI				Affected Line Item in the Consolidated Statements of Operations
	Six Months Ended
(in millions)	2019		2018
Loss on derivative financial instruments:
Interest rate swaps	$	(1.1)	$	(1.1)	Interest expense
Foreign exchange forward contracts	(0.1)		(6.1)		Cost of products sold
Net loss before tax	(1.2)		(7.2)
Tax impact	—		0.8		Provision (benefit) for income taxes
Net loss after tax	$	(1.2)	$	(6.4)
Net unrealized holding gain on available-for-sale securities:
Available-for-sale securities	$	—	$	45.0	Other expense (income), net
Tax impact	—		(0.7)		Provision (benefit) for income taxes
Net gain after tax	$	—	$	44.3
Amortization of defined benefit pension and other postemployment benefit items:
Amortization of prior service benefits	$	0.2	$	—	(a)
Amortization of net actuarial losses	(2.7)		(3.4)		(a)
Net loss before tax	(2.5)		(3.4)
Tax impact	0.7		1.0		Provision (benefit) for income taxes
Net loss after tax	$	(1.8)	$	(2.4)
Total reclassifications for the period	$	(3.0)	$	35.5

(a) These AOCI components are included in the computation of net periodic benefit cost for the three months ended June 30, 2019 and 2018.