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STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2019
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 months ended March 31, 2019 and 2018 was as follows (in millions):
 
Three Months Ended   
March 31,
 
2019
 
2018
Cost of sales
$
4.0

 
$
3.0

Selling, general, and administrative expenses
12.7

 
11.8

Research and development expenses
4.1

 
3.6

Total stock-based compensation expense
$
20.8

 
$
18.4

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   
March 31,
 
2019
 
2018
Average risk-free interest rate
2.5
%
 
2.6
%
Expected dividend yield
None

 
None

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

 
4.7

Fair value, per option
$
54.03

 
$
43.45

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   
March 31,
 
2019
 
2018
Average risk-free interest rate
2.4
%
 
1.5
%
Expected dividend yield
None

 
None

Expected volatility
32.6
%
 
32.6
%
Expected term (years)
0.6

 
0.6

Fair value, per share
$
48.83

 
$
35.07