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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 | 12 Months Ended
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Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Foreign currency contracts | Derivatives not designated as hedging instruments |  |  |
Derivative Instruments, Gain (Loss) |  |  |
Amount of Gain or (Loss) Recognized in Income on Derivative | $ 7.4 | $ 44.0 | $ 27.4
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 (Effective Portion) | 29.2 | 81.7 |
Cash flow hedges | Foreign currency contracts | Cost of sales | Derivatives designated as hedging instruments |  |  |
Derivative Instruments, Gain (Loss) |  |  |
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income | 58.9 | 88.4 |
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 (Effective Portion) | (17.3) | 21.6 |
Net investment hedges | Cross currency swap contracts | Interest income, net | Derivatives designated as hedging instruments |  |  |
Derivative Instruments, Gain (Loss) |  |  |
Amount of Gain or (Loss) Recognized in Income on Derivative (Amount Excluded from Effectiveness Testing) | 6.9 | 7.0 |
Fair value hedges | Foreign currency contracts | Derivatives designated as hedging instruments |  |  |
Derivative Instruments, Gain (Loss) |  |  |
Amount of Gain or (Loss) Recognized in Income on Derivative | $ 13.9 | $ (3.9) | $ 11.6

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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 -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A + Details
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- Definition The estimated value of gains (losses), net anticipated to be transferred in the future from accumulated other comprehensive income into earnings. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480870/815-30-50-6 + 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 -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-11 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480627/815-20-45-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-10A + Details
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