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OTHER (INCOME)/EXPENSES-NET (Tables)
 12 Months Ended
Dec. 31, 2016
Other Income and Expenses [Abstract]  
Components of other expenses/(income) net
The components of other (income)/expenses—net were:
  
Years Ended December 31,
(Dollars in millions) 
2016
 
2015
 
2014
Venezuela long-lived asset impairments
45.9

 
—

 
—

Foreign exchange (gains)/losses—net
18.8

 
6.3

 
0.5

Restructuring, severance and other related costs—net
29.1

 
18.0

 
1.3

(Gain)/loss on asset disposals
—

 
9.0

 
—

Marketable securities (gain)/loss
—

 
(5.6
)
 
—

Gain on sale of investment
—

 
—

 
(4.0
)
Pension curtailment (gain)/loss
—

 
—

 
(5.4
)
Legal, settlements and other—net
(1.7
)
 
11.3

 
(4.7
)
Other (income)/expenses—net
$
92.1

 
$
39.0

 
$
(12.3
)