EMPLOYEE STOCK BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2016

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

Schedule of assumptions used in the valuations of stock options

	2016		2015		2014
Expected volatility	26.0	%	24.7	%	26.3	%
Risk-free interest rate	1.2	%	1.5	%	1.7	%
Dividend yield	2.2	%	1.6	%	1.8	%
Expected life	5.0 years		4.9 years		5.5 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, 2014	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
Granted	431	102.47
Exercised	(272)	59.54			$	9.5
Forfeited or expired	(100)	84.74
Balance—December 31, 2015	1,783	75.73		7.0	$	16.6
Granted	1,157	73.87
Exercised	(216)	70.31			$	2.8
Forfeited or expired	(156)	85.89
Balance—December 31, 2016	2,568	74.73		7.3	$	10.1
Vested—December 31, 2016	1,137	69.34		5.4	$	10.1
Vested and expected to vest—December 31, 2016	2,530	$	74.69	7.3	$	10.1

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, 2016 (in thousands)
2016	Annually on 12/31	151	$	70.34	109
2015	Annually on 12/31	144	$	101.03	0
2014	Annually on 12/31	156	$	78.64	60

Summary of restricted stock unit activity

	Shares (in thousands)		Weighted- Average Grant Date Fair Value
Nonvested restricted stock units—January 1, 2014	423		$	61.59
Granted	235		83.91
Vested (includes cash settled)	(153	)	44.36
Forfeited	(17	)	76.11
Nonvested restricted stock units—December 31, 2014	488		77.21
Granted	205		101.11
Vested (includes cash settled)	(149	)	69.55
Forfeited	(47	)	83.97
Nonvested restricted stock units—December 31, 2015	497		88.81
Granted	384		74.51
Vested (includes cash settled)	(102	)	85.49
Forfeited	(80	)	83.63
Nonvested restricted stock units—December 31, 2016	699		81.93

Summary of stock-based compensation expense by award type

	Years Ended December 31,
(Dollars in millions)	2016			2015			2014
Stock options	$	11.7		$	7.6		$	7.0
Performance share awards	6.8			5.8			12.7
Restricted stock units	16.1			13.0			10.7
Total pre-tax stock-based compensation expense	$	34.6		$	26.4		$	30.4
Net tax benefit related to stock-based compensation expense	$	(11.6	)	$	(8.8	)	$	(10.5	)

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

	Years Ended December 31,
(Dollars in millions)	2016		2015		2014
Cost of products sold	$	4.3	$	2.7	$	3.0
Selling, general and administrative	27.2		21.3		24.4
Research and development	3.1		2.4		3.0
Total stock-based compensation expense	$	34.6	$	26.4	$	30.4