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COMMITMENTS AND CONTINGENCIES Summary of Net Asbestos Charges (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Asbestos Related Costs (Benefit), Provision to Maintain 10-Year Forecast Period $ 11.9 $ 13.4 $ 36.3 [1] $ 39.3 [1]
Asbestos Related Costs (Benefit), Annual Remeasurement (68.1) 7.2 (68.1) 7.2
Asbestos Related Costs (Benefit), Settlement Agreement 0.0 (24.9) [2] 0.0 (57.0) [2]
Asbestos-related benefit, net $ (56.2) $ (4.3) $ (31.8) $ (10.5)
[1]
(a)
Includes certain administrative costs such as legal-related costs for insurance asset recoveries.
[2]
During 2018, we entered into a settlement agreement and a settlement-in-principle with insurers to settle responsibility for multiple insurance claims. Under the terms of the agreements, the insurers agreed to upfront payments to a Qualified Settlement Fund for past costs in addition to providing coverage for certain future asbestos claims on specified terms and conditions.