INCOME TAXES	6 Months Ended
Jun. 30, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES For the three months ended June 30, 2015 and 2014, the Company recognized income tax expense of $23.5 and $12.4, respectively, representing an effective tax rate of 14.3% and 23.0%. For the six months ended June 30, 2015 and 2014, the Company recognized income tax expense of $41.6 and $25.4, respectively, representing an effective tax rate of 18.8% and 25.1%.The lower effective tax rate in 2015 is primarily driven by a reduction in the deferred tax liability on foreign earnings which are not considered indefinitely reinvested due to the impact of exchange rates on the undistributed foreign earnings, the release of the valuation allowance on certain net deferred tax assets in China, and a release in the uncertain tax positions due to the settlement of a German tax audit. The Company continues to benefit from earnings eligible for a tax holiday in South Korea, as well as a larger mix of earnings in non-U.S. jurisdictions with favorable tax rates. The Company operates in various tax jurisdictions and is subject to examination by tax authorities in these jurisdictions. The Company is currently under examination in several jurisdictions including Canada, Germany, Italy, South Korea, the U.S. and Venezuela. The U.S. federal income tax audit for the years 2009 through 2011 has received Joint Committee on Taxation review. We anticipate that we will receive the final audit report within the current year. The calculation of our tax liability for unrecognized tax benefits includes dealing with uncertainties in the application of complex tax laws and regulations in various tax jurisdictions. Due to the complexity of some uncertainties, the ultimate resolution may result in a payment that is materially different from our current estimate of the unrecognized tax benefit. The settlement of an examination could result in changes in amounts attributable to us through the Tax Matters Agreement from the 2011 spin-off entered into with Exelis, Inc. and Xylem, Inc. Over the next 12 months, the net amount of the tax liability for unrecognized tax benefits in foreign and domestic jurisdictions could change by approximately $87.1 due to changes in audit status, expiration of statutes of limitations and other events.

INCOME TAXES

6 Months Ended

Jun. 30, 2015

For the three months ended June 30, 2015 and 2014, the Company recognized income tax expense of $23.5 and $12.4, respectively, representing an effective tax rate of 14.3% and 23.0%. For the six months ended June 30, 2015 and 2014, the Company recognized income tax expense of $41.6 and $25.4, respectively, representing an effective tax rate of 18.8% and 25.1%.The lower effective tax rate in 2015 is primarily driven by a reduction in the deferred tax liability on foreign earnings which are not considered indefinitely reinvested due to the impact of exchange rates on the undistributed foreign earnings, the release of the valuation allowance on certain net deferred tax assets in China, and a release in the uncertain tax positions due to the settlement of a German tax audit. The Company continues to benefit from earnings eligible for a tax holiday in South Korea, as well as a larger mix of earnings in non-U.S. jurisdictions with favorable tax rates.

The Company operates in various tax jurisdictions and is subject to examination by tax authorities in these jurisdictions. The Company is currently under examination in several jurisdictions including Canada, Germany, Italy, South Korea, the U.S. and Venezuela. The U.S. federal income tax audit for the years 2009 through 2011 has received Joint Committee on Taxation review. We anticipate that we will receive the final audit report within the current year. The calculation of our tax liability for unrecognized tax benefits includes dealing with uncertainties in the application of complex tax laws and regulations in various tax jurisdictions. Due to the complexity of some uncertainties, the ultimate resolution may result in a payment that is materially different from our current estimate of the unrecognized tax benefit. The settlement of an examination could result in changes in amounts attributable to us through the Tax Matters Agreement from the 2011 spin-off entered into with Exelis, Inc. and Xylem, Inc. Over the next 12 months, the net amount of the tax liability for unrecognized tax benefits in foreign and domestic jurisdictions could change by approximately $87.1 due to changes in audit status, expiration of statutes of limitations and other events.