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STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-Based Compensation Expense

Stock-based compensation expense related to awards issued under the Company's incentive compensation plans for the three and six months ended June 30, 2026 and 2025 was as follows (in millions):

			Three Months Ended June 30,												Six Months Ended June 30,
			2026						2025						2026						2025
Cost of sales			$	8.4					$	7.5					$	16.6					$	14.8
Selling, general, and administrative expenses			23.0						19.6						48.9						42.4
Research and development expenses			10.8						10.4						22.1						20.4
Total stock-based compensation expense			42.2						37.5						87.6						77.6
Income tax benefit			(7.0)						(6.1)						(14.5)						(12.6)
Total stock-based compensation expense, net of tax			$	35.2					$	31.4					$	73.1					$	65.0

Schedule of Weighted-Average Assumptions for Options Granted

The following table includes the weighted-average grant-date fair values of stock options granted during the periods indicated and the related weighted-average assumptions used in the Black-Scholes option pricing model:

Option Awards			Three Months Ended June 30,												Six Months Ended June 30,
			2026						2025						2026						2025
Risk-free interest rate			4.1%						4.0%						4.1%						4.0%
Expected dividend yield			None						None						None						None
Expected volatility			33.5%						34.1%						33.5%						34.1%
Expected term (years)			5.3						5.2						5.3						5.2
Fair value, per option			$	31.53					$	28.17					$	31.51					$	28.17

Schedule of Weighted-Average Assumptions for ESPP Subscriptions Granted

The following table includes the weighted-average grant-date fair values for ESPP subscriptions granted during the periods indicated and the related weighted-average assumptions used in the Black-Scholes option pricing model:

ESPP			Three Months Ended June 30,												Six Months Ended June 30,
			2026						2025						2026						2025
Risk-free interest rate			3.7%						4.2%						3.6%						4.3%
Expected dividend yield			None						None						None						None
Expected volatility			28.7%						34.3%						32.6%						30.8%
Expected term (years)			0.7						0.7						0.6						0.6
Fair value, per share			$	19.82					$	21.05					$	21.74					$	18.81

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
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-Subparagraph (h)(1)
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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

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-Topic 718
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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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