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BASIS OF PRESENTATION (Tables)
12 Months Ended
Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Consolidated current and non-current product warranty liability
The following table summarizes the changes in the consolidated product warranty liability (in millions):
Balance as of December 31, 2012
$
104.8

Accruals for warranties issued during the period
84.6

Changes in estimates
(1.1
)
Settlements during the year
(84.0
)
Foreign exchange effect/other
1.8

Balance as of December 31, 2013
106.1

Accruals for warranties issued during the period
73.6

Changes in estimates
1.8

Settlements during the year
(88.7
)
Foreign exchange effect/other
(6.3
)
Balance as of December 31, 2014
$
86.5