STOCK-BASED COMPENSATION (Details) (USD $) | 9 Months Ended |
Sep. 30, 2013 | Sep. 30, 2012 |
STOCK-BASED COMPENSATION | ' | ' |
Proceeds from stock option exercises | $38,368,000 | $35,239,000 |
Stock options | ' | ' |
STOCK-BASED COMPENSATION | ' | ' |
Award vesting period | '3 years | ' |
Expiration period | '10 years | ' |
Compensation expense | 11,500,000 | 10,800,000 |
Compensation expense, net of tax | 7,700,000 | 7,200,000 |
Income tax benefit related to compensation expense | 3,800,000 | 3,600,000 |
Weighted-average fair value of stock options granted (in dollars per share) | $10.16 | $10.35 |
Grant date fair value of options vested | 12,900,000 | 12,100,000 |
Proceeds from stock option exercises | 38,400,000 | ' |
Tax benefit realized for the tax deduction from option exercises | 7,900,000 | ' |
Unrecognized compensation cost expected to be recognized in future periods | 12,000,000 | ' |
Weighted-average period over which compensation cost is expected to be recognized | '1 year 6 months | ' |
Stock options | Selling, research & development and administrative expenses | ' | ' |
STOCK-BASED COMPENSATION | ' | ' |
Compensation expense, net of tax | 10,200,000 | 9,600,000 |
Stock Awards Plans | Stock options | ' | ' |
Assumptions used to estimate fair value of stock options granted | ' | ' |
Dividend Yield (as a percent) | 1.80% | 1.80% |
Expected Stock Price Volatility (as a percent) | 22.70% | 22.90% |
Risk-free Interest Rate (as a percent) | 1.30% | 1.30% |
Expected Life of Option | '6 years 10 months 24 days | '6 years 10 months 24 days |
Stock options activity | ' | ' |
Outstanding at the beginning of the period (in shares) | 7,879,197 | ' |
Granted (in shares) | 1,385,300 | ' |
Exercised (in shares) | -1,249,180 | ' |
Forfeited or expired (in shares) | -47,399 | ' |
Outstanding at the end of the period (in shares) | 7,967,918 | ' |
Exercisable at the end of the period (in shares) | 5,396,418 | ' |
Weighted Average Exercise Price | ' | ' |
Outstanding at the beginning of the period (in dollars per share) | $37.27 | ' |
Granted (in dollars per share) | $51.83 | ' |
Exercised (in dollars per share) | $28.60 | ' |
Forfeited or expired (in dollars per share) | $47.24 | ' |
Outstanding at the end of the period (in dollars per share) | $41.10 | ' |
Exercisable at the end of the period (in dollars per share) | $36.26 | ' |
Weighted-Average Remaining Contractual Term (Years): | ' | ' |
Outstanding at the end of the period | '6 years 3 months 18 days | ' |
Exercisable at the end of the period | '5 years 1 month 6 days | ' |
Aggregate Intrinsic Value: | ' | ' |
Outstanding at the end of the period | 151,630,000 | ' |
Exercisable at the end of the period | 128,807,000 | ' |
Intrinsic Value of Options Exercised | 33,123,000 | 34,674,000 |
Stock Awards Plans | Restricted stock units | ' | ' |
STOCK-BASED COMPENSATION | ' | ' |
Award vesting period | '3 years | ' |
Compensation expense, net of tax | 574,000 | 438,000 |
Unrecognized compensation cost expected to be recognized in future periods | 611,000 | ' |
Weighted-average period over which compensation cost is expected to be recognized | '1 year 6 months | ' |
Restricted stock unit activity | ' | ' |
Balance at the beginning of the period (in shares) | 25,862 | ' |
Granted (in shares) | 12,448 | ' |
Vested (in shares) | -12,629 | ' |
Balance at the end of the period (in shares) | 25,681 | ' |
Weighted-Average Grant-Date Fair Value | ' | ' |
Nonvested at the beginning of the period (in dollars per share) | $48.76 | ' |
Granted (in dollars per share) | $54.92 | ' |
Vested (in dollars per share) | $45.20 | ' |
Nonvested at the end of the period (in dollars per share) | $53.49 | ' |
Fair value of units vested | 571,000 | 316,000 |
Intrinsic value of units vested | 661,000 | 448,000 |
Director Stock Option Plans | Stock options | ' | ' |
STOCK-BASED COMPENSATION | ' | ' |
Weighted-average fair value of stock options granted (in dollars per share) | $10.89 | $10.59 |
Assumptions used to estimate fair value of stock options granted | ' | ' |
Dividend Yield (as a percent) | 1.90% | 1.70% |
Expected Stock Price Volatility (as a percent) | 23.00% | 22.50% |
Risk-free Interest Rate (as a percent) | 1.30% | 1.30% |
Expected Life of Option | '6 years 10 months 24 days | '6 years 10 months 24 days |
Stock options activity | ' | ' |
Outstanding at the beginning of the period (in shares) | 276,667 | ' |
Granted (in shares) | 85,500 | ' |
Exercised (in shares) | -48,333 | ' |
Outstanding at the end of the period (in shares) | 313,834 | ' |
Exercisable at the end of the period (in shares) | 146,001 | ' |
Weighted Average Exercise Price | ' | ' |
Outstanding at the beginning of the period (in dollars per share) | $45.48 | ' |
Granted (in dollars per share) | $56.49 | ' |
Exercised (in dollars per share) | $43.11 | ' |
Outstanding at the end of the period (in dollars per share) | $48.85 | ' |
Exercisable at the end of the period (in dollars per share) | $42.05 | ' |
Weighted-Average Remaining Contractual Term (Years): | ' | ' |
Outstanding at the end of the period | '7 years 9 months 18 days | ' |
Exercisable at the end of the period | '6 years 4 months 24 days | ' |
Aggregate Intrinsic Value: | ' | ' |
Outstanding at the end of the period | 3,541,000 | ' |
Exercisable at the end of the period | 2,640,000 | ' |
Intrinsic Value of Options Exercised | $732,000 | $937,000 |