v3.26.1
DERIVATIVES AND HEDGING TRANSACTIONS - Information by Type of Derivative and Hedging Activities (Details)
€ in Millions, ¥ in Millions, SFr in Millions, $ in Millions, $ in Millions
3 Months Ended
Mar. 31, 2026
USD ($)
Mar. 31, 2025
USD ($)
Apr. 30, 2026
USD ($)
Apr. 30, 2026
CHF (SFr)
Mar. 31, 2026
CNY (¥)
Mar. 31, 2026
CHF (SFr)
Mar. 31, 2026
EUR (€)
Mar. 31, 2026
CAD ($)
Dec. 31, 2025
USD ($)
Cash Flow Hedges                  
Maximum period for hedged transactions 1 year                
Fair Value Hedges                  
Derivative liability $ 230.0               $ 262.0
Net Investment Hedges                  
Total revaluation gain (loss), net of tax 32.3 $ (29.8)              
Gain (loss) on derivative recognized in income   0.7              
Subsequent event                  
Cash Flow Hedges                  
Notional values | SFr       SFr 500          
Net Investment Hedges                  
Notional values | SFr       500          
Subsequent Events                  
Notional values | SFr       SFr 500          
Seven year 2008 senior notes                  
Fair Value Hedges                  
Aggregate principal amount 1,500.0                
COS                  
Net Investment Hedges                  
Gain (loss) on derivative recognized in income (0.7) 2.1              
Interest                  
Net Investment Hedges                  
Gain (loss) on derivative recognized in income (0.2) (0.5)              
Foreign currency forward contracts                  
Cash Flow Hedges                  
Notional values 2,160.0               2,525.0
Net Investment Hedges                  
Notional values 2,160.0               2,525.0
Subsequent Events                  
Notional values 2,160.0               2,525.0
Foreign currency forward contracts | Derivatives not designated as hedging instruments                  
Net Investment Hedges                  
Gain (loss) on derivative recognized in income $ 1.0 $ (0.5)              
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other Nonrecurring (Income) Expense Other Nonrecurring (Income) Expense              
Interest rate swap agreements                  
Cash Flow Hedges                  
Notional values $ 1,500.0               1,500.0
Net Investment Hedges                  
Notional values 1,500.0               1,500.0
Subsequent Events                  
Notional values 1,500.0               1,500.0
Cross-currency swap derivative contracts                  
Cash Flow Hedges                  
Notional values 4,351.0       ¥ 3,984 SFr 200 € 2,275 $ 280 4,151.0
Net Investment Hedges                  
Notional values 4,351.0       3,984 200 2,275 280 4,151.0
Subsequent Events                  
Notional values 4,351.0       ¥ 3,984 SFr 200 € 2,275 $ 280 4,151.0
Cross-currency swap derivative contracts | CHF                  
Cash Flow Hedges                  
Notional values 250.0                
Net Investment Hedges                  
Notional values 250.0                
Subsequent Events                  
Notional values 250.0                
Cross-currency swap derivative contracts | Euro                  
Cash Flow Hedges                  
Notional values 2,628.0                
Net Investment Hedges                  
Notional values 2,628.0                
Subsequent Events                  
Notional values 2,628.0                
Cross-currency swap derivative contracts | CNY                  
Cash Flow Hedges                  
Notional values 578.0                
Net Investment Hedges                  
Notional values 578.0                
Subsequent Events                  
Notional values 578.0                
Cross-currency swap derivative contracts | CAD                  
Cash Flow Hedges                  
Notional values 201.0                
Net Investment Hedges                  
Notional values 201.0                
Subsequent Events                  
Notional values 201.0                
Forward-starting interest rate lock contracts                  
Cash Flow Hedges                  
Notional values 150.0                
Net Investment Hedges                  
Notional values 150.0                
Subsequent Events                  
Notional values $ 150.0                
Forward-starting interest rate lock contracts | Subsequent event                  
Cash Flow Hedges                  
Notional values     $ 450.0            
Net Investment Hedges                  
Notional values     450.0            
Subsequent Events                  
Notional values     $ 450.0            
Minimum                  
Fair Value Hedges                  
Interest rate (as a percent) 1.30%       1.30% 1.30% 1.30% 1.30%  
Maximum                  
Fair Value Hedges                  
Interest rate (as a percent) 4.80%       4.80% 4.80% 4.80% 4.80%  
Cash Flow Hedges. | Foreign currency forward contracts | Derivatives designated as hedging instruments | COS                  
Net Investment Hedges                  
Gain (loss) reclassified from AOCI into income (effective portion) $ (0.7) $ 2.1              
Cash Flow Hedges. | Foreign currency forward contracts | Derivatives designated as hedging instruments | SG&A                  
Net Investment Hedges                  
Gain (loss) reclassified from AOCI into income (effective portion) (1.0) 1.2              
Cash Flow Hedges. | Interest rate swap agreements | Derivatives designated as hedging instruments                  
Net Investment Hedges                  
Gain (loss) reclassified from AOCI into income (effective portion) 0.0 0.0              
Cash Flow Hedges. | Interest rate swap agreements | Derivatives designated as hedging instruments | COS                  
Net Investment Hedges                  
Gain (loss) reclassified from AOCI into income (effective portion) 0.0 0.0              
Cash Flow Hedges. | Interest rate swap agreements | Derivatives designated as hedging instruments | Interest                  
Net Investment Hedges                  
Gain (loss) reclassified from AOCI into income (effective portion) (0.2) (0.5)              
Fair Value Hedges | Interest rate swap agreements                  
Fair Value Hedges                  
Derivative liability                 1,424.4
Cumulative amount of fair value hedging adjustment                 $ (78.0)
Fair Value Hedges | Interest rate swap agreements | Short-term debt                  
Fair Value Hedges                  
Derivative liability 248.2                
Cumulative amount of fair value hedging adjustment 1.7                
Fair Value Hedges | Interest rate swap agreements | Long-term debt                  
Fair Value Hedges                  
Derivative liability 1,175.3                
Cumulative amount of fair value hedging adjustment 77.6                
Net Investment Hedge                  
Net Investment Hedges                  
Total revaluation gain (loss), net of tax 32.3 (29.8)              
Net Investment Hedge | Cross-currency swap derivative contracts                  
Net Investment Hedges                  
Total revaluation gain (loss), net of tax $ 32.3 (36.9)              
Net Investment Hedge | Euronotes                  
Net Investment Hedges                  
Total revaluation gain (loss), net of tax   $ 7.1