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EQUITY (Tables)
 3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
Schedule of Stock by Class
Changes in common shares and treasury stock were as follows: 
(Dollars and shares in millions)
 
Common Shares
Issued
 
Treasury Stock
 
Cost of Treasury
Stock
Balance as of January 1, 2016
 
191.4

 
4.9

 
$
362.6

Stock-based compensation
 
0.2

 
—

 
—

Balance as of March 31, 2016
 
191.6

 
4.9

 
$
362.6

 
 
 
 
 
 
 
Balance as of January 1, 2015
 
207.2

 
4.9

 
$
362.6

Stock-based compensation
 
0.3

 
—

 
—

Balance as of March 31, 2015
 
207.5

 
4.9

 
$
362.6
Schedule of Accumulated Other Comprehensive Income (Loss)
Changes in accumulated other comprehensive loss by component were as follows:
(Dollars in millions)
 
Foreign Currency Translation Adjustments
 
Deferred Gains/(Losses) on Derivatives Qualifying as Hedges
 
Pension and Other Post-employment Benefits
 
Total
 
Noncontrolling Interest
 
Redeemable Noncontrolling Interest
Balance as of January 1, 2016
 
$
(329.8
)
 
$
(17.2
)
 
$
(0.8
)
 
$
(347.8
)
 
$
(12.7
)
 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
  Deferred Gains/(Losses)
 
6.7

 
(11.6
)
 


 
(4.9
)
 
(0.8
)
(1
)


Reclassification Adjustment for (Gains)/Losses Included in Net Earnings
 
 
 
(5.5
)
 


 
(5.5
)
 
 
 
 
  Tax Benefit/(Expense)
 
0.2

 
3.8

 


 
4.0

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance as of March 31, 2016
 
$
(322.9
)
 
$
(30.5
)
 
$
(0.8
)
 
$
(354.2
)
 
$
(13.5
)
 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
Balance as of January 1, 2015
 
$
(180.4
)
 
$
(17.8
)
 
$
(0.7
)
 
$
(198.9
)
 
$
1.9

 
$
(21.6
)
 
 
 
 
 
 
 
 
 
 
 
 
 
  Deferred Gains/(Losses)
 
(37.1
)
 
7.4

(2)


 
(29.7
)
 


(1
)
(0.6
)
Reclassification Adjustment for (Gains)/Losses Included in Net Earnings
 


 
(1.9
)
 


 
(1.9
)
 


 


  Tax Benefit/(Expense)
 
0.2

 
(1.5
)
 


 
(1.3
)
 


 


 
 
 
 
 
 
 
 
 
 
 
 
 
Balance as of March 31, 2015
 
$
(217.3
)
 
$
(13.8
)
 
$
(0.7
)
 
$
(231.8
)
 
$
1.9

 
$
(22.2
)

(1)Represents foreign currency translation adjustments.
(2) See Note 15 for additional information related to interest rate forward swaps.
Reclassification out of Accumulated Other Comprehensive Income
Reclassification adjustments out of accumulated other comprehensive loss were as follows:
 
Three Months Ended March 31,
 
Affected Statement of Earnings Lines
 
 
 
 
(Dollars in millions)
Cost of Products Sold
 
Tax Benefit/(Expense)
 
Net
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Deferred Gains/(Losses) on Derivatives Qualifying as Hedges:
 
 
 
 
 
 
 
 
 
 
 
  Forward Exchange Contracts
$
6.3

 
$
2.4

 
$
(0.6
)
 
$
(0.6
)
 
$
5.7

 
$
1.8

  Commodity Contracts
(0.4
)
 
(0.1
)
 
0.2

 
0.1

 
(0.2
)
 
—

  Interest Rate Forward Swap
(0.4
)
 
(0.4
)
 
0.1

 
0.1

 
(0.3
)
 
(0.3
)
Total Reclassifications
$
5.5

 
$
1.9

 
$
(0.3
)
 
$
(0.4
)
 
$
5.2

 
$
1.5