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BUSINESS OVERVIEW AND BASIS OF PRESENTATION (Tables)
 9 Months Ended
Sep. 30, 2016
Oct. 02, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Schedule of Error Corrections   The effect of the foregoing on specific items of the Carved-Out Earnings Statements for the October Periods and the December Periods is set forth in the table below:
 
Three Months Ended October 2, 2015
 
Nine Months Ended October 2, 2015
 
Previously Reported (a)
 
Corrections
 
As Revised
 
Previously Reported
 
Corrections
 
As Revised
Sales
$
1,539.0

 
$
(14.4
)
 
$
1,524.6

 
$
4,617.4

 
$
(14.4
)
 
$
4,603.0

Cost of sales
(777.4
)
 
—

 
(777.4
)
 
(2,360.3
)
 
—

 
(2,360.3
)
Gross profit
761.6

 
(14.4
)
 
747.2

 
2,257.1

 
(14.4
)
 
2,242.7

Operating costs:
 
 
 
 
 
 
 
 
 
 
 
Selling, general and administrative expenses
(364.1
)
 
14.4

 
(349.7
)
 
(1,038.8
)
 
14.4

 
(1,024.4
)
Research and development expenses
(95.7
)
 
—

 
(95.7
)
 
(286.7
)
 
—

 
(286.7
)
Operating profit
$
301.8

 
$
—

 
$
301.8

 
$
931.6

 
$
—

 
$
931.6

 
 
 
 
 
 
 
 
 
 
 
 
Net earnings
$
196.6

 
$
—

 
$
196.6

 
$
627.7

 
$
—

 
$
627.7

 
Three Months Ended December 31, 2015
 
Year Ended December 31, 2015
 
Previously Reported (a)
 
Corrections
 
As Revised
 
Previously Reported
 
Corrections
 
As Revised
Sales
$
1,561.4

 
$
14.4

 
$
1,575.8

 
$
6,178.8

 
$
—

 
$
6,178.8

Cost of sales
(823.2
)
 
4.7

 
(818.5
)
 
(3,183.5
)
 
4.7

 
(3,178.8
)
Gross profit
738.2

 
19.1

 
757.3

 
2,995.3

 
4.7

 
3,000.0

Operating costs:
 
 
 
 
 
 
 
 
 
 
 
Selling, general and administrative expenses
(309.1
)
 
(19.1
)
 
(328.2
)
 
(1,347.9
)
 
(4.7
)
 
(1,352.6
)
Research and development expenses
(91.0
)
 
—

 
(91.0
)
 
(377.7
)
 
—

 
(377.7
)
Operating profit
$
338.1

 
$
—

 
$
338.1

 
$
1,269.7

 
$
—

 
$
1,269.7

 
 
 
 
 
 
 
 
 
 
 
 
Net earnings
$
236.1

 
$
—

 
$
236.1

 
$
863.8

 
$
—

 
$
863.8

 
 
 
 
 
 
 
 
 
 
 
 
(a) The Carved-out Earnings Statement for the three months ended October 2, 2015 and December 31, 2015 were previously reported in filings with the SEC only to the extent incorporated into the Carved-out Earnings Statements for the nine months ended October 2, 2015 and the year ended December 31, 2015, respectively.
Reclassification of Accumulated Other Comprehensive Income The changes in accumulated other comprehensive income (loss) by component are summarized below ($ in millions). Foreign currency translation adjustments are generally not adjusted for income taxes as they relate to indefinite investments in non-U.S. subsidiaries.
 
Foreign
currency
translation
adjustments
 
Pension &
post-
retirement
plan benefit
adjustments
 
Total
For the Three Months Ended September 30, 2016:
 
 
 
 
 
Balance, July 1, 2016
$
62.7

 
$
(63.5
)
 
$
(0.8
)
Other comprehensive income (loss) before reclassifications, net of income taxes
(25.7
)
 
—

 
(25.7
)
Amounts reclassified from accumulated other comprehensive income (loss):
 
 
 
 
 
Increase (decrease)
—

 
1.3

 
1.3

Income tax impact
—

 
(0.3
)
 
(0.3
)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes
—

 
1.0

 
1.0

Net current period other comprehensive income (loss)
(25.7
)
 
1.0

 
(24.7
)
Balance, September 30, 2016
$
37.0

 
$
(62.5
)
 
$
(25.5
)
 
 
 
 
 
 
For the Three Months Ended October 2, 2015:
 
 
 
 
 
Balance, July 3, 2015
$
93.0

 
$
(71.4
)
 
$
21.6

Other comprehensive income (loss) before reclassifications:
 
 
 
 
 
Increase (decrease)
(9.9
)
 
(8.9
)
 
(18.8
)
Income tax impact
—

 
3.4

 
3.4

Other comprehensive income (loss) before reclassifications, net of income taxes
(9.9
)
 
(5.5
)
 
(15.4
)
Amounts reclassified from accumulated other comprehensive income (loss):
 
 
 
 
 
Increase (decrease)
—

 
1.6

 
1.6

Income tax impact
—

 
(0.4
)
 
(0.4
)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes
—

 
1.2

 
1.2

Net current period other comprehensive income (loss)
(9.9
)
 
(4.3
)
 
(14.2
)
Balance, October 2, 2015
$
83.1

 
$
(75.7
)
 
$
7.4

 
Foreign
currency
translation
adjustments
 
Pension &
post-
retirement
plan benefit
adjustments
 
Total
For the Nine Months Ended September 30, 2016:
 
 
 
 
 
Balance, December 31, 2015
$
51.2

 
$
(65.6
)
 
$
(14.4
)
Other comprehensive income (loss) before reclassifications, net of income taxes
(14.2
)
 
—

 
(14.2
)
Amounts reclassified from accumulated other comprehensive income (loss):
 
 
 
 
 
Increase (decrease)
—

 
4.1

 
4.1

Income tax impact
—

 
(1.0
)
 
(1.0
)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes
—

 
3.1

 
3.1

Net current period other comprehensive income (loss)
(14.2
)
 
3.1

 
(11.1
)
Balance, September 30, 2016
$
37.0

 
$
(62.5
)
 
$
(25.5
)
 
 
 
 
 
 
For the Nine Months Ended October 2, 2015:
 
 
 
 
 
Balance, December 31, 2014
$
182.9

 
$
(83.4
)
 
$
99.5

Other comprehensive income (loss) before reclassifications:
 
 
 
 
 
Increase (decrease)
(99.8
)
 
5.2

 
(94.6
)
Income tax impact
—

 
(1.3
)
 
(1.3
)
Other comprehensive income (loss) before reclassifications, net of income taxes
(99.8
)
 
3.9

 
(95.9
)
Amounts reclassified from accumulated other comprehensive income (loss):
 
 
 
 
 
Increase
—

 
5.0

 
5.0

Income tax impact
—

 
(1.2
)
 
(1.2
)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes
—

 
3.8

 
3.8

Net current period other comprehensive income (loss)
(99.8
)
 
7.7

 
(92.1
)
Balance, October 2, 2015
$
83.1

 
$
(75.7
)
 
$
7.4