CONTRACT ASSETS AND CONTRACT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Contract with Customer, Asset and Liability

The change in the carrying amount of contract assets and contract liabilities for the twelve months ended December 31, 2019, and 2018 is as follows:

	Contract Assets
In millions	2019		2018
Balance at beginning of year	$	345.6	$	366.2
Acquisitions	237.5		0.0
Recognized in current year	619.3		426.8
Reclassified to accounts receivable	(578.6)		(432.3)
Foreign currency impact	(0.4)		(15.1)
Balance at December 31	$	623.4	$	345.6
	Contract Liabilities
In millions	2019		2018
Balance at beginning of year	$	444.8	$	463.7
Acquisitions	333.9		0.0
Recognized in current year	917.5		230.1
Amounts in beginning balance reclassified to revenue	(410.6)		(199.7)
Current year amounts reclassified to revenue	(483.5)		(30.9)
Foreign currency impact	(2.4)		(18.4)
Balance at December 31	$	799.7	$	444.8