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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended |  |
--- | --- | --- | --- | ---
Jun. 30, 2020 USD ($) $ / shares | Jun. 30, 2019 USD ($) shares | Jun. 30, 2020 USD ($) segment $ / shares | Jun. 30, 2019 USD ($) shares | Jan. 01, 2020 USD ($) | Dec. 31, 2019 USD ($) $ / shares
Number of reportable segments | segment |  |  | 3 |  |  |
Total Restructuring Initiatives | $ 7,331 | $ 1,737 | $ 12,170 | $ 11,267 |  |
INVESTMENTS IN EQUITY SECURITIES |  |  |  |  |  |
Proceeds from sale of investment in equity securities |  |  |  | $ 16,487 |  |
Investment in unconsolidated affiliate |  |  | 34,044 |  |  |
GOODWILL |  |  |  |  |  |
Impairment of goodwill |  |  | $ 0 |  |  |
RETIREMENT OF COMMON STOCK |  |  |  |  |  |
Common stock repurchased (retired and held in treasury) (in shares) | shares |  | 34 |  | 193 |  |
Common stock, par value (in dollars per share) | $ / shares | $ 0.01 |  | $ 0.01 |  |  | $ 0.01
ADOPTION OF RECENT ACCOUNTING PRONOUNCEMENTS |  |  |  |  |  |
Retained earnings | $ 1,573,392 |  | $ 1,573,392 |  |  | $ 1,523,820
Adjustment | Accounting Standards Update 2016-13 |  |  |  |  |  |
ADOPTION OF RECENT ACCOUNTING PRONOUNCEMENTS |  |  |  |  |  |
Retained earnings |  |  |  |  | $ (1,400) |
Beauty + Home |  |  |  |  |  |
Total Restructuring Initiatives | 7,324 | $ 1,259 | 12,231 | $ 9,528 |  |
Pharma |  |  |  |  |  |
Total Restructuring Initiatives | (111) | (113) | (142) | 213 |  |
Food + Beverage |  |  |  |  |  |
Total Restructuring Initiatives | 75 | 112 | 178 | 622 |  |
Corporate & Other |  |  |  |  |  |
Total Restructuring Initiatives | 43 | 479 | (97) | 904 |  |
Business Transformation |  |  |  |  |  |
Total Restructuring Initiatives | $ 7,300 | $ 1,700 | $ 12,200 | $ 11,300 |  |

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