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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Effects of Hedge (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Derivative Instruments, Gain (Loss) |  |  |  |
Cost of sales | $ (344.4) | $ (275.5) | $ (646.0) | $ (562.4)
Interest income, net | 37.4 | 15.5 | 73.9 | 32.0
Other non-operating expense (income), net | (1.3) | 2.0 | 1.3 | 7.7
Foreign currency contracts | Cost of sales |  |  |  |
Derivative Instruments, Gain (Loss) |  |  |  |
Hedged items |  | 0.0 |  | 0.0
Amount excluded from effectiveness testing (amortized) |  | 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
Amount of gain (loss) reclassified from accumulated other comprehensive loss into income | 10.9 | 12.5 | 21.1 | 14.9
Foreign currency contracts | Cost of sales | Derivatives not designated as hedging instruments |  |  |  |
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
Amount excluded from effectiveness testing (amortized) |  | 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
Amount of gain (loss) reclassified from accumulated other comprehensive loss into income | 0.0 | 0.0 | 0.0 | 0.0
Foreign currency contracts | Interest income, net | Derivatives not designated as hedging instruments |  |  |  |
Derivative Instruments, Gain (Loss) |  |  |  |
Foreign currency contracts | 0.0 | 0.0 | 0.0 | 0.0
Foreign currency contracts | Other non-operating expense (income), net |  |  |  |
Derivative Instruments, Gain (Loss) |  |  |  |
Hedged items |  | 0.0 |  | (4.0)
Amount excluded from effectiveness testing (amortized) |  | 0.0 |  | 0.8
Foreign currency contracts | Other non-operating expense (income), net | Derivatives designated as hedging instruments |  |  |  |
Derivative Instruments, Gain (Loss) |  |  |  |
Derivatives designated as hedging instruments |  | 0.0 |  | 4.0
Amount of gain (loss) reclassified from accumulated other comprehensive loss into income | 0.0 | 0.0 | 0.0 | 0.0
Foreign currency contracts | Other non-operating expense (income), net | Derivatives not designated as hedging instruments |  |  |  |
Derivative Instruments, Gain (Loss) |  |  |  |
Foreign currency contracts | 6.8 | 20.9 | (4.5) | 33.3
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 | 1.5 | 1.8 | 3.2 | 3.5
Cross-currency swap contracts | Other non-operating expense (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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