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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Cash Flow Hedge Effects on Statement of Operations (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018
Derivative Instruments, Gain (Loss) |  |  |  |
Cost of sales | $ (304.0) | $ (246.2) | $ (535.8) | $ (479.8)
Selling, general, and administrative expenses | (308.5) | (274.9) | (588.8) | (530.9)
Other (income) expense, net | (1.4) | 1.1 | (3.2) | (2.0)
Foreign currency contracts | Cost of sales |  |  |  |
Gain (loss) on fair value hedging relationships: |  |  |  |
Hedged items | 0.0 |  | 0.0 |
Amount excluded from effectiveness testing recognized in earnings based on an amortization approach | 0.0 |  | 0.0 |
Gain (loss) on cash flow hedging relationships: |  |  |  |
Amount of gain (loss) reclassified from accumulated OCI into income | 11.3 | (12.7) | 18.9 | (14.2)
Foreign currency contracts | Cost of sales | Derivatives designated as hedging instruments |  |  |  |
Gain (loss) on fair value hedging relationships: |  |  |  |
Derivatives designated as hedging instruments | 0.0 |  | 0.0 |
Foreign currency contracts | Selling, general, and administrative expenses |  |  |  |
Gain (loss) on fair value hedging relationships: |  |  |  |
Hedged items | 0.0 |  | 0.0 |
Amount excluded from effectiveness testing recognized in earnings based on an amortization approach | 0.0 |  | 0.0 |
Gain (loss) on cash flow hedging relationships: |  |  |  |
Amount of gain (loss) reclassified from accumulated OCI into income | 0.5 | $ (1.0) | 0.8 | $ (2.1)
Foreign currency contracts | Selling, general, and administrative expenses | Derivatives designated as hedging instruments |  |  |  |
Gain (loss) on fair value hedging relationships: |  |  |  |
Derivatives designated as hedging instruments | 0.0 |  | 0.0 |
Foreign currency contracts | Other (Income)Expense, net |  |  |  |
Gain (loss) on fair value hedging relationships: |  |  |  |
Hedged items | 4.5 |  | 6.3 |
Amount excluded from effectiveness testing recognized in earnings based on an amortization approach | 1.2 |  | 2.1 |
Gain (loss) on cash flow hedging relationships: |  |  |  |
Amount of gain (loss) reclassified from accumulated OCI into income | 0.0 |  | 0.0 |
Foreign currency contracts | Other (Income)Expense, net | Derivatives designated as hedging instruments |  |  |  |
Gain (loss) on fair value hedging relationships: |  |  |  |
Derivatives designated as hedging instruments | $ (4.5) |  | $ (6.3) |

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- Definition Amount of gain (loss) from the increase (decrease) in fair value of derivative and nonderivative instruments designated as fair value hedging instruments recognized in the income statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 25 -Section 50 -Paragraph 1 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=109977999&loc=d3e76258-113986 + Details
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- Definition Amount of the increase (decrease) in fair value of the hedged item in a fair value hedge recognized in the income statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 25 -Section 50 -Paragraph 1 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=109977999&loc=d3e76258-113986 + Details
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2(a),(d)) -URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227 + Details
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