FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2016

FAIR VALUE MEASUREMENTS

Schedule of the carrying amount and estimated fair value of assets and liabilities measured on recurring basis

	2016
December 31, (millions)	Carrying		Fair Value Measurements
	Amount		Level 1		Level 2		Level 3
Assets
Foreign currency forward contracts		93.4		-		93.4		-
Liabilities
Foreign currency forward contracts		46.7		-		46.7		-
Interest rate swap agreements		3.5		-		3.5		-

	2015
December 31, (millions)	Carrying		Fair Value Measurements
	Amount		Level 1		Level 2		Level 3
Assets
Foreign currency forward contracts		111.2		-		111.2		-
Contingent consideration		0.3		-		-		0.3
Liabilities
Foreign currency forward contracts		35.9		-		35.9		-
Interest rate swap agreements		5.4		-		5.4		-
Contingent consideration		15.9		-		-		15.9

Schedule of changes in net fair value of contingent consideration

(millions)	2016		2015
Contingent consideration at beginning of year		$ 15.6		$ 1.3
Amount recognized at transaction date		-		16.0
Losses (gains) recognized in earnings		(2.4)		(0.2)
Settlements		(12.6)		(1.0)
Foreign currency translation		(0.6)		(0.5)
Contingent consideration at end of year		$ -		$ 15.6

Schedule of carrying amount and estimated fair value of long-term debt

	2016				2015
December 31, (millions)	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
Long-term debt, including current maturities		$ 6,657.1		$ 6,963.9		$ 5,829.6		$ 6,113.6