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EQUITY (Tables)
 3 Months Ended
Mar. 31, 2017
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, 2017
 
188.3

 
4.9

 
$
362.6

Stock-based Compensation
 
0.3

 
—

 
—

Balance as of March 31, 2017
 
188.6

 
4.9

 
$
362.6

 
 
 
 
 
 
 
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
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
 
Balance as of January 1, 2017
 
$
(395.0
)
 
$
(15.6
)
 
$
(0.8
)
 
$
(411.4
)
 
$
(13.2
)
 
  Deferred Gains/(Losses)
 
33.3

 
(4.4
)
 
—

 
28.9

 
—

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

 
(2.4
)
 
—

 
(2.4
)
 
—

 
  Tax Benefit/(Expense)
 
(0.5
)
 
2.1

 
—

 
1.6

 
—

 
Balance as of March 31, 2017
 
$
(362.2
)
 
$
(20.3
)
 
$
(0.8
)
 
$
(383.3
)
 
$
(13.2
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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
)
 

(1) Represents foreign currency translation adjustments.
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
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Deferred Gains/(Losses) on Derivatives Qualifying as Hedges:
 
 
 
 
 
 
 
 
 
 
 
  Forward Exchange Contracts
$
3.0

 
$
6.3

 
$
(0.1
)
 
$
(0.6
)
 
$
2.9

 
$
5.7

  Commodity Contracts
(0.2
)
 
(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
$
2.4

 
$
5.5

 
$
0.1

 
$
(0.3
)
 
$
2.5

 
$
5.2