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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
Mar. 31, 2021
Mar. 31, 2020
Foreign currency contracts | Derivatives not designated as hedging instruments | Other income, net    
Derivative Instruments, Gain (Loss)    
Amount of Gain or (Loss) Recognized in Income on Derivative $ 15.2 $ 8.6
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 28.2 17.5
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 (5.5) 6.1
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 0.1 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 1.8 31.3
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
Fair value hedges | Foreign currency contracts | Derivatives designated as hedging instruments | Other income, net    
Derivative Instruments, Gain (Loss)    
Amount of Gain or (Loss) Recognized in Income on Derivative $ 6.3 $ 1.7