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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock-Based Compensation Expense
Stock-based compensation expense related to awards issued under the Company's incentive compensation plans for the three and nine months ended September 30, 2018 and 2017 was as follows (in millions):
 
Three Months Ended   
September 30,
 
Nine Months Ended   
September 30,
 
2018
 
2017
 
2018
 
2017
Cost of sales
$
2.7

 
$
2.4

 
$
8.5

 
$
7.0

Selling, general, and administrative expenses
11.9

 
10.3

 
36.4

 
30.5

Research and development expenses
2.8

 
3.1

 
10.1

 
8.8

Total stock-based compensation expense
$
17.4

 
$
15.8

 
$
55.0

 
$
46.3

Schedule of Weighted-Average Assumptions for Options Granted
The following table includes the weighted-average grant-date fair values of stock options granted during the periods indicated and the related weighted-average assumptions used in the Black-Scholes option pricing model:
 Option Awards
Three Months Ended   
September 30,
 
Nine Months Ended   
September 30,
 
2018
 
2017
 
2018
 
2017
Average risk-free interest rate
2.8
%
 
1.8
%
 
2.9
%
 
1.8
%
Expected dividend yield
None

 
None

 
None

 
None

Expected volatility
29.2
%
 
33.2
%
 
29.1
%
 
33.0
%
Expected term (years)
5.2

 
4.7

 
5.0

 
4.6

Fair value, per option
$
46.37

 
$
36.26

 
$
42.44

 
$
33.74

Schedule of Weighted-Average Assumptions for ESPP Subscriptions Granted
The following table includes the weighted-average grant-date fair values for ESPP subscriptions granted during the periods indicated and the related weighted-average assumptions used in the Black-Scholes option pricing model:
 ESPP
Three Months Ended   
September 30,
 
Nine Months Ended   
September 30,
 
2018
 
2017
 
2018
 
2017
Average risk-free interest rate
1.2
%
 
0.7
%
 
0.9
%
 
0.5
%
Expected dividend yield
None

 
None

 
None

 
None

Expected volatility
34.3
%
 
34.3
%
 
32.8
%
 
33.1
%
Expected term (years)
0.7

 
0.7

 
0.6

 
0.6

Fair value, per share
$
46.58

 
$
29.15

 
$
36.53

 
$
25.69