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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Effects of Hedge (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023
Derivative Instruments, Gain (Loss) |  |  |  |
Cost of sales | $ (285.3) | $ (256.9) | $ (581.6) | $ (495.9)
Interest income, net | 15.5 | 9.1 | 32.0 | 17.7
Other income, net | 2.0 | 2.5 | 7.7 | 3.7
Foreign currency contracts | Cost of sales |  |  |  |
Derivative Instruments, Gain (Loss) |  |  |  |
Hedged items | 0.0 | 0.0 | 0.0 | 0.0
Amount excluded from effectiveness testing (amortized) | 0.0 | 0.0 | 0.0 | 0.0
Foreign currency contracts | Cost of sales | Derivatives designated as hedging instruments |  |  |  |
Derivative Instruments, Gain (Loss) |  |  |  |
Derivatives designated as hedging instruments | 0.0 | 0.0 | 0.0 | 0.0
Amount of gain (loss) reclassified from accumulated OCI into income | 12.5 | 13.9 | 14.9 | 43.7
Foreign currency contracts | Cost of sales | Not Designated as Hedging Instrument |  |  |  |
Derivative Instruments, Gain (Loss) |  |  |  |
Foreign currency contracts | 0.0 | 0.0 | 0.0 | 0.0
Foreign currency contracts | Interest income, net |  |  |  |
Derivative Instruments, Gain (Loss) |  |  |  |
Hedged items | 0.0 | 0.0 | 0.0 | 0.0
Amount excluded from effectiveness testing (amortized) | 0.0 | 0.0 | 0.0 | 0.0
Foreign currency contracts | Interest income, net | Derivatives designated as hedging instruments |  |  |  |
Derivative Instruments, Gain (Loss) |  |  |  |
Derivatives designated as hedging instruments | 0.0 | 0.0 | 0.0 | 0.0
Amount of gain (loss) reclassified from accumulated OCI into income | 0.0 | 0.0 | 0.0 | 0.0
Foreign currency contracts | Interest income, net | Not Designated as Hedging Instrument |  |  |  |
Derivative Instruments, Gain (Loss) |  |  |  |
Foreign currency contracts | 0.0 | 0.0 | 0.0 | 0.0
Foreign currency contracts | Other income, net |  |  |  |
Derivative Instruments, Gain (Loss) |  |  |  |
Hedged items | 0.0 | (10.1) | (4.0) | (8.9)
Amount excluded from effectiveness testing (amortized) | 0.0 | 1.2 | 0.8 | 2.4
Foreign currency contracts | Other income, net | Derivatives designated as hedging instruments |  |  |  |
Derivative Instruments, Gain (Loss) |  |  |  |
Derivatives designated as hedging instruments | 0.0 | 10.1 | 4.0 | 8.9
Amount of gain (loss) reclassified from accumulated OCI into income | 0.0 | 0.0 | 0.0 | 0.0
Foreign currency contracts | Other income, net | Not Designated as Hedging Instrument |  |  |  |
Derivative Instruments, Gain (Loss) |  |  |  |
Foreign currency contracts | 20.9 | 9.9 | 33.3 | 4.5
Cross-currency swap contracts | Cost of sales | Net investment hedges | Derivatives designated as hedging instruments |  |  |  |
Derivative Instruments, Gain (Loss) |  |  |  |
Amount excluded from effectiveness testing | 0.0 | 0.0 | 0.0 | 0.0
Cross-currency swap contracts | Interest income, net | Net investment hedges | Derivatives designated as hedging instruments |  |  |  |
Derivative Instruments, Gain (Loss) |  |  |  |
Amount excluded from effectiveness testing | 1.8 | 1.8 | 3.5 | 3.5
Cross-currency swap contracts | Other income, net | Net investment hedges | Derivatives designated as hedging instruments |  |  |  |
Derivative Instruments, Gain (Loss) |  |  |  |
Amount excluded from effectiveness testing | $ 0.0 | $ 0.0 | $ 0.0 | $ 0.0

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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 -Topic 815 -SubTopic 25 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480238/815-25-50-1 + Details
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