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OTHER CURRENT AND NON-CURRENT ASSETS
9 Months Ended
Sep. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
OTHER CURRENT AND NON-CURRENT ASSETS
OTHER CURRENT AND NON-CURRENT ASSETS 
 
September 30,
2016
 
December 31,
2015
Asbestos-related assets
 
$
66.0

 
 
 
$
74.5

 
Short-term investments
 
15.0

 
 
 
64.9

 
Prepaid income taxes
 
15.1

 
 
 
14.3

 
Other
 
43.6

 
 
 
50.7

 
Other current assets
 
$
139.7

 
 
 
$
204.4

 
Other employee benefit-related assets
 
$
96.0

 
 
 
$
92.9

 
Environmental-related assets(a)
 
34.1

 
 
 
10.8

 
Capitalized software costs
 
34.8

 
 
 
28.2

 
Other
 
21.4

 
 
 
21.4

 
Other non-current assets
 
$
186.3

 
 
 
$
153.3

 

(a)
Environmental-related assets increased $23.3 primarily related to a settlement agreement and establishment of a Qualified Settlement Fund (QSF), which can be drawn upon to pay certain future environmental expenses associated with environmental remediation sites covered under the settlement agreement. See Note 17, Commitments and Contingencies, to the Consolidated Condensed Financial Statements for further information on environmental-related matters.