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DERIVATIVES AND HEDGING TRANSACTIONS - Information by Type of Derivative and Hedging Activities (Details)
€ in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Jun. 30, 2022
EUR (€)
Apr. 30, 2022
USD ($)
Dec. 31, 2021
USD ($)
Cash Flow Hedges              
Maximum period for hedged transactions     2 years        
Fair Value Hedges              
Derivative liability $ 102.5   $ 102.5       $ 9.4
Net Investment Hedges              
Revaluation gain (loss), net of tax 71.4 $ (14.2) 90.3 $ (26.4)      
Seven year 2008 senior notes              
Fair Value Hedges              
Aggregate principal amount 1,500.0   1,500.0        
Cost of sales              
Impact on AOCI and earnings from derivative contracts              
Gain (loss) on derivative recognized in income 0.8 (3.6) 0.8 (4.6)      
Selling, general and administrative expenses              
Impact on AOCI and earnings from derivative contracts              
Gain (loss) on derivative recognized in income 72.4 (15.7) 100.5 (31.6)      
Interest expense, net              
Impact on AOCI and earnings from derivative contracts              
Gain (loss) on derivative recognized in income 3.3 5.1 6.5 10.1      
Foreign currency forward contracts              
Net Investment Hedges              
Notional values 4,643.0   4,643.0       4,059.0
Foreign currency forward contracts | Derivatives not designated as hedging instruments | Selling, general and administrative expenses              
Impact on AOCI and earnings from derivative contracts              
Gain (loss) on derivative recognized in income 34.2 4.5 48.4 5.8      
Interest rate swap agreements              
Net Investment Hedges              
Notional values 1,500.0   1,500.0       1,250.0
Euro Notes              
Net Investment Hedges              
Revaluation gain (loss), net of tax 42.5 (14.2) 52.8 (26.4)      
Cross-currency swap derivative contracts              
Net Investment Hedges              
Notional values 456.0   456.0       $ 482.0
Revaluation gain (loss), net of tax 28.9   37.5        
Cash Flow Hedges. | Foreign currency forward contracts | Derivatives designated as hedging instruments | Cost of sales              
Impact on AOCI and earnings from derivative contracts              
Gain (loss) reclassified from AOCI into income (effective portion) 0.8 (3.6) 0.8 (4.6)      
Cash Flow Hedges. | Foreign currency forward contracts | Derivatives designated as hedging instruments | Selling, general and administrative expenses              
Impact on AOCI and earnings from derivative contracts              
Gain (loss) reclassified from AOCI into income (effective portion) 38.2 (20.2) 52.1 (37.4)      
Cash Flow Hedges. | Foreign currency forward contracts | Derivatives designated as hedging instruments | Interest expense, net              
Impact on AOCI and earnings from derivative contracts              
Amount excluded from the assessment of effectiveness recognized in earnings based on changes in fair value 3.9 5.7 7.7 11.3      
Cash Flow Hedges. | Interest rate swap agreements | Derivatives designated as hedging instruments | Interest expense, net              
Impact on AOCI and earnings from derivative contracts              
Gain (loss) reclassified from AOCI into income (effective portion) (0.6) (0.6) (1.2) (1.2)      
Fair Value Hedges | Interest rate swap agreements              
Impact on AOCI and earnings from derivative contracts              
Interest rate (as a percent)           4.80%  
Fair Value Hedges              
Cumulative amount of fair value hedging adjustment (125.9) (1.1) (125.9) (1.1)      
Derivative liability 1,376.4 $ 249.2 1,376.4 $ 249.2      
Aggregate principal amount           $ 250.0  
Interest rate (as a percent)           4.80%  
Net Investment Hedge | Senior euro notes              
Net Investment Hedges              
Notional values 1,231.0   1,231.0   € 1,150    
Net Investment Hedge | Cross-currency swap derivative contracts              
Net Investment Hedges              
Notional values $ 456.0   $ 456.0   € 425