INCOME TAXES	9 Months Ended
Sep. 30, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES For the three and nine months ended September 30, 2015, the effective tax rate (“ETR”) was 26.8% and 24.9%, respectively, compared with 16.0% and 21.9%, for the same periods in 2014. The ETR increase was primarily due to a change in the reserve for uncertain tax positions, the majority of which relates to the running of statute of limitations in various jurisdictions during the comparable periods in 2014, and an unfavorable change in geographic earnings mix in 2015. The Company’s gross reserve for uncertain tax positions including penalties and interest, as of September 30, 2015 and December 31, 2014, was $160.6 million and $146.8 million, respectively. The Company believes that it has adequately provided for all uncertain tax positions. The Company is currently under examination by taxing authorities in various jurisdictions in which it operates, including the United States. It is reasonably possible that new issues may be raised by tax authorities and that these issues may require increases in the balance of the reserve for uncertain tax positions. Pursuant to the Amended and Restated Tax Matters Agreement dated December 18, 2009, Bristol-Myers Squibb Company (“BMS”), the Company’s former parent, maintains responsibility for all uncertain tax positions which may exist in the pre-initial public offering period or which may exist as a result of the initial public offering transaction. The Company has a receivable from BMS for uncertain tax positions, including penalties and interest, of $10.6 million and $9.7 million as of September 30, 2015 and December 31, 2014, respectively.

INCOME TAXES

9 Months Ended

Sep. 30, 2015

For the three and nine months ended September 30, 2015, the effective tax rate (“ETR”) was 26.8% and 24.9%, respectively, compared with 16.0% and 21.9%, for the same periods in 2014. The ETR increase was primarily due to a change in the reserve for uncertain tax positions, the majority of which relates to the running of statute of limitations in various jurisdictions during the comparable periods in 2014, and an unfavorable change in geographic earnings mix in 2015.

The Company’s gross reserve for uncertain tax positions including penalties and interest, as of September 30, 2015 and December 31, 2014, was $160.6 million and $146.8 million, respectively. The Company believes that it has adequately provided for all uncertain tax positions. The Company is currently under examination by taxing authorities in various jurisdictions in which it operates, including the United States. It is reasonably possible that new issues may be raised by tax authorities and that these issues may require increases in the balance of the reserve for uncertain tax positions.

Pursuant to the Amended and Restated Tax Matters Agreement dated December 18, 2009, Bristol-Myers Squibb Company (“BMS”), the Company’s former parent, maintains responsibility for all uncertain tax positions which may exist in the pre-initial public offering period or which may exist as a result of the initial public offering transaction. The Company has a receivable from BMS for uncertain tax positions, including penalties and interest, of $10.6 million and $9.7 million as of September 30, 2015 and December 31, 2014, respectively.