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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Effect of Derivative Instruments on Consolidated Condensed Statements of Operations and Consolidated Condensed Statements of Comprehensive Income (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019
Foreign currency contracts | Derivatives not designated as hedging instruments | Other expense (income), net |  |  |  |
Derivative Instruments, Gain (Loss) |  |  |  |
Amount of Gain or (Loss) Recognized in Income on Derivative | $ (6.9) | $ 0.0 | $ 1.7 | $ (1.5)
Cash flow hedges | Foreign currency contracts | Derivatives designated as hedging instruments |  |  |  |
Derivative Instruments, Gain (Loss) |  |  |  |
Amount of Gain or (Loss) Recognized in OCI on Derivative | (4.9) | (2.1) | 12.6 | 10.8
Cash flow hedges | Foreign currency contracts | Derivatives designated as hedging instruments | Cost of sales |  |  |  |
Derivative Instruments, Gain (Loss) |  |  |  |
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income | 7.7 | 11.3 | 13.8 | 18.9
Cash flow hedges | Foreign currency contracts | Derivatives designated as hedging instruments | Selling, general, and administrative expenses |  |  |  |
Derivative Instruments, Gain (Loss) |  |  |  |
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income | 0.9 | 0.5 | 1.7 | 0.8
Net investment hedges | Cross currency swap contracts | Derivatives designated as hedging instruments |  |  |  |
Derivative Instruments, Gain (Loss) |  |  |  |
Amount of Gain or (Loss) Recognized in OCI on Derivative | (9.0) | (3.2) | 22.3 | 2.1
Net investment hedges | Cross currency swap contracts | Derivatives designated as hedging instruments | Interest income, net |  |  |  |
Derivative Instruments, Gain (Loss) |  |  |  |
Amount of Gain or (Loss) Recognized in Income on Derivative (Amount Excluded from Effectiveness Testing) | 1.6 | 1.7 | 3.3 | 3.3
Fair value hedges | Foreign currency contracts | Derivatives designated as hedging instruments | Other expense (income), net |  |  |  |
Derivative Instruments, Gain (Loss) |  |  |  |
Amount of Gain or (Loss) Recognized in Income on Derivative | $ (1.4) | $ (3.3) | $ 0.3 | $ (4.2)

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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959 + Details
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- Definition Amount, before tax and reclassification, of gain (loss) from derivative instrument designated and qualifying cash flow hedge included in assessment of hedge effectiveness. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=121577181&loc=SL110061190-113977 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=121641772&loc=d3e637-108580 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 10A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669646-108580 + Details
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