STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-Based Compensation Expense

Stock-based compensation expense related to awards issued under the Company's incentive compensation plans for the three months ended March 31, 2025 and 2024 was as follows (in millions):

	Three Months Ended March 31,
	2025		2024
Cost of sales	$	7.3	$	7.2
Selling, general, and administrative expenses	22.8		21.8
Research and development expenses	10.0		10.0
Total stock-based compensation expense	40.1		39.0
Income tax benefit	(6.5)		(5.5)
Total stock-based compensation expense, net of tax	$	33.6	$	33.5

Schedule of Weighted-Average Assumptions for Options Granted

The following table includes the weighted-average grant-date fair values of stock options granted during the periods indicated and the related weighted-average assumptions used in the Black-Scholes option pricing model:

Option Awards	Three Months Ended March 31,
	2025		2024
Risk-free interest rate	4.4%		4.3%
Expected dividend yield	None		None
Expected volatility	31.0%		32.7%
Expected term (years)	5.5		5.3
Fair value, per option	$	28.43	$	32.91

Schedule of Weighted-Average Assumptions for ESPP Subscriptions Granted

The following table includes the weighted-average grant-date fair values for ESPP subscriptions granted during the periods indicated and the related weighted-average assumptions used in the Black-Scholes option pricing model:

ESPP	Three Months Ended March 31,
	2025		2024
Risk-free interest rate	4.3%		5.1%
Expected dividend yield	None		None
Expected volatility	29.5%		34.8%
Expected term (years)	0.6		0.6
Fair value, per share	$	17.99	$	25.52