EMPLOYEE STOCK BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of assumptions used in the valuations of stock options

	2014		2013		2012
Expected volatility	26.3	%	27.0	%	26.9	%
Risk-free interest rate	1.7	%	0.9	%	1.2	%
Dividend yield	1.8	%	1.9	%	1.6	%
Expected life	5.5 years		5.3 years		6.0 years

Schedule of stock option activity

	Shares (in thousands)	Weighted Average Exercise Price of Shares		Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in millions)
Balance—January 1, 2012	1,789	$	42.12	8.1	$	47.6
Granted	491	78.12
Exercised	(325)	35.60			$	11.6
Forfeited or expired	(53)	57.50
Balance—December 31, 2012	1,902	52.11		7.7	$	99.2
Granted	485	74.76
Exercised	(377)	36.06			$	17.6
Forfeited or expired	(51)	73.57
Balance—December 31, 2013	1,959	60.12		7.4	$	46.3
Granted	463	82.31
Exercised	(652)	56.79			$	23.5
Forfeited or expired	(46)	72.55
Balance—December 31, 2014	1,724	67.01		7.3	$	57.8
Vested—December 31, 2014	862	54.97		6.0	$	39.3
Vested and expected to vest—December 31, 2014	1,706	$	66.87	7.3	$	57.4

Summary of performance share awards activity

Grant Year	Performance Cycle Measurement Date	Shares Granted and Earned (in thousands)	Weighted- Average Grant- Date Fair Value		Performance Shares Outstanding at December 31, 2014 (in thousands)
2014	Annually on 12/31	161	$	78.64	180
2013	Annually on 12/31	179	$	73.55	135
2012	Annually on 12/31	206	$	75.84	50

Summary of restricted stock unit activity

	Shares (in thousands)		Weighted- Average Grant Date Fair Value
Nonvested restricted stock units—January 1, 2012	533		$	38.09
Granted	146		76.98
Vested	(146	)	32.28
Forfeited	(19	)	47.57
Nonvested restricted stock units—December 31, 2012	514		50.24
Granted	133		74.85
Vested	(189	)	39.14
Forfeited	(35	)	62.68
Nonvested restricted stock units—December 31, 2013	423		61.59
Granted	235		83.91
Vested	(153	)	44.36
Forfeited	(17	)	76.11
Nonvested restricted stock units—December 31, 2014	488		77.21

Summary of stock-based compensation expense by award type

	Years Ended December 31,
(In millions)	2014			2013			2012
Stock options	$	7.0		$	6.5		$	7.5
Performance share awards	12.7			16.1			16.1
Restricted stock units	10.7			10.0			8.6
Total pre-tax stock-based compensation expense	$	30.4		$	32.6		$	32.2
Net tax benefit related to stock-based compensation expense	$	(10.5	)	$	(11.4	)	$	(9.8	)

Schedule of stock-based compensation expense recognized in the consolidated statements of earnings

	Years Ended December 31,
(Dollars in millions)	2014		2013		2012
Cost of products sold	$	3.0	$	3.0	$	3.0
Selling, general and administrative	24.4		26.6		26.2
Research and development	3.0		3.0		3.0
Total stock-based compensation expense	$	30.4	$	32.6	$	32.2