SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Reconciliation of Basic earnings per Share to Diluted Earnings per Share

The following represents a reconciliation of basic earnings per share to diluted earnings per share: 

	2023					2022					2021
	Income		Shares	Per Share Amount		Income		Shares	Per Share Amount		Income		Shares	Per Share Amount
Basic earnings per share	$	418.0	87.1	$	4.80	$	1,279.1	91.1	$	14.05	$	2,377.3	96.7	$	24.60
Stock options and stock awards	—		0.5			—		0.5			—		0.8
Diluted earnings per share	$	418.0	87.6	$	4.77	$	1,279.1	91.6	$	13.97	$	2,377.3	97.5	$	24.39

Potential common shares not included in computation of diluted earnings per share

	Years Ended December 31,
	2023	2022	2021
Stock options	0.2	0.2	0.1

Property, Plant and Equipment

	Years
Buildings and building improvements	10	-	55
Machinery and equipment	3	-	10
Furniture and fixtures	5	-	10
Software	3	-	10

Finite-Lived Intangible Assets

Intangible assets with finite lives are amortized on a straight-line basis over the expected periods to be benefited, as set forth in the table below, such as legal life for patents and technology and contractual lives for non-compete agreements.

	Years
Customer relationships	10	-	36
Patents, licenses and technology	3	-	15
Non-compete agreements	3	-	5
Trade names	1	-	15