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BASIS OF PRESENTATION (Tables)
12 Months Ended
Dec. 31, 2017
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, 2015
$
53.0

Accruals for warranties issued during the period
72.4

Changes in estimates
(2.3
)
Settlements during the year
(58.1
)
Foreign exchange effect/other
(5.2
)
Balance as of December 31, 2016
59.8

Accruals for warranties issued during the period
50.1

Changes in estimates
2.5

Settlements during the year
(62.0
)
Foreign exchange effect/other
2.2

Balance as of December 31, 2017
$
52.6