SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

Reconciliation of Basic earnings per Share to Diluted Earnings per Share

The following represents a reconciliation of basic earnings per share to diluted earnings per share: 

	2018					2017					2016
	Income		Shares	Per Share Amount		Income		Shares	Per Share Amount		Income		Shares	Per Share Amount
Basic earnings per share	$	883.7	101.4	$	8.71	$	1,227.1	102.4	$	11.99	$	711.8	102.5	$	6.94
Stock options and restricted stock units	—		1.2			—		1.4			—		1.5
Effect of convertible debt, net of tax	—		—			—		0.1			—		0.3
Diluted earnings per share	$	883.7	102.6	$	8.61	$	1,227.1	103.9	$	11.81	$	711.8	104.3	$	6.82

Potential common shares not included in computation of diluted earnings per share

	Years Ended December 31,
	2018	2017	2016
Stock options	0.1	0.1	—

Property, Plant and Equipment

P

Finite-Lived Intangible Assets

Intangible assets are amortized on a straight-line basis over the expected periods to be benefited, as set forth in the table below, such as legal life for patents and technology and contractual lives for non-compete agreements.

	Years
Customer relationships	10	-	36
Patents, licenses and technology	3	-	15
Non-compete agreements	5
Trade names	5	-	15