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DERIVATIVES AND HEDGING TRANSACTIONS - Information by Type of Derivative and Hedging Activities (Details)
€ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2020
EUR (€)
Net Investment Hedges        
Revaluation (losses) gains, net of tax $ (87.7) $ 31.4 $ 57.5  
Derivative Summary        
Maximum period for hedged transactions 3 years      
Cash collateral received $ 0.0      
Cost of sales        
Impact on AOCI and earnings from derivative contracts        
Gain (loss) on derivative recognized in income 10.1 15.4 (7.7)  
Selling, general and administrative expenses        
Impact on AOCI and earnings from derivative contracts        
Gain (loss) on derivative recognized in income (120.6) 69.5 109.2  
Interest expense, net        
Impact on AOCI and earnings from derivative contracts        
Gain (loss) on derivative recognized in income 25.1 27.7 37.2  
Foreign currency forward contracts.        
Net Investment Hedges        
Notional values 3,702.0 4,004.0    
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 (12.3) 30.0 25.1  
Foreign currency forward contracts. | Derivatives not designated as hedging instruments | Interest expense, net        
Impact on AOCI and earnings from derivative contracts        
Gain (loss) on derivative recognized in income   (0.1) 5.3  
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) 10.1 15.4 (7.7)  
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) (108.3) 39.5 84.1  
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 27.5 28.7 37.4  
Gain (loss) recognized in income (ineffective portion) 27.5 28.7 37.4  
Cash Flow Hedges | Interest rate swaps | 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) (2.4) (0.9) (5.5)  
Fair Value Hedges | Interest rate swaps | Interest expense, net        
Impact on AOCI and earnings from derivative contracts        
Gain (loss) on hedged item recognized in income   0.2 (4.0)  
Fair Value Hedges | Interest rate swaps | Derivatives designated as hedging instruments | Interest expense, net        
Impact on AOCI and earnings from derivative contracts        
Gain (loss) on derivative recognized in income   (0.2) 4.0  
Net Investment Hedges        
Net Investment Hedges        
Revaluation (losses) gains, net of tax (87.7) 31.4 57.5  
Net Investment Hedges | Senior euro notes        
Net Investment Hedges        
Notional values 1,365.0     € 1,150
Discontinued Operations | Derivatives not designated as hedging instruments | Selling, general and administrative expenses        
Impact on AOCI and earnings from derivative contracts        
Gain (loss) on derivatives $ (2.5) (5.1) $ (8.7)  
Discontinued Operations | Foreign currency forward contracts.        
Net Investment Hedges        
Notional values   $ 9.0