XML 59 R43.htm IDEA: XBRL DOCUMENT
v3.8.0.1

RETIREMENT PLANS AND OTHER BENEFITS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Compensation and Retirement Disclosure [Abstract] |
Schedule of Net Benefit Costs | Information regarding the Company’s plans, including SERP, was as follows (in millions, except percent values):
| U.S. Pension Benefits |  | Non-U.S. Pension Benefits |  | Other Benefits
| 2017 |  | 2016 |  | 2017 |  | 2016 |  | 2017 |  | 2016
Accumulated benefit obligation at end of year | $ | 153.3 |  |  | $ | 161.2 |  |  | $ | 229.4 |  |  | $ | 209.7 |  |  |  |  |  |  |
Change in benefit obligation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Benefit obligation at beginning of year | $ | 167.6 |  |  | $ | 174.0 |  |  | $ | 211.5 |  |  | $ | 217.1 |  |  | $ | 4.2 |  |  | $ | 4.9 |
Service cost | 0.6 |  |  | 0.6 |  |  | 3.2 |  |  | 3.1 |  |  | — |  |  | — |
Interest cost | 6.4 |  |  | 7.1 |  |  | 5.0 |  |  | 6.5 |  |  | 0.1 |  |  | 0.2 |
Transfer to Held for Sale | — |  |  | — |  |  | (0.1 | ) |  | (5.5 | ) |  | — |  |  | — |
Settlements | — |  |  | — |  |  | (5.0 | ) |  | — |  |  | — |  |  | — |
Actuarial loss (gain) | 0.1 |  |  | 2.5 |  |  | 1.1 |  |  | 25.9 |  |  | (0.4 | ) |  | (0.6 | )
Benefits paid | (14.3 | ) |  | (16.6 | ) |  | (7.1 | ) |  | (9.4 | ) |  | (0.5 | ) |  | (0.3 | )
Foreign exchange effect | — |  |  | — |  |  | 23.0 |  |  | (26.2 | ) |  | — |  |  | — |
Benefit obligation at end of year | 160.4 |  |  | 167.6 |  |  | 231.6 |  |  | 211.5 |  |  | 3.4 |  |  | 4.2 |
Change in plan assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of year | 117.1 |  |  | 123.1 |  |  | 108.3 |  |  | 111.2 |  |  | — |  |  | — |
Actual return on plan assets | 14.5 |  |  | 9.5 |  |  | 6.9 |  |  | 18.4 |  |  | — |  |  | — |
Settlements | — |  |  | — |  |  | (5.0 | ) |  | — |  |  | — |  |  | — |
Employer contribution | 1.2 |  |  | 1.1 |  |  | 7.5 |  |  | 6.7 |  |  | 0.5 |  |  | 0.3 |
Employee contribution | — |  |  | — |  |  | 0.4 |  |  | 0.4 |  |  | — |  |  | — |
Benefits paid | (14.3 | ) |  | (16.6 | ) |  | (7.1 | ) |  | (9.4 | ) |  | (0.5 | ) |  | (0.3 | )
Foreign exchange effect | — |  |  | — |  |  | 10.2 |  |  | (19.0 | ) |  | — |  |  | — |
Fair value of plan assets at end of year | 118.5 |  |  | 117.1 |  |  | 121.2 |  |  | 108.3 |  |  | — |  |  | — |
Funded status | $ | (41.9 | ) |  | $ | (50.5 | ) |  | $ | (110.4 | ) |  | $ | (103.2 | ) |  | $ | (3.4 | ) |  | $ | (4.2 | )
Amounts recognized in the statement of financial position consist of: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities | $ | 1.2 |  |  | $ | 1.2 |  |  | $ | 2.8 |  |  | $ | 2.4 |  |  | $ | 0.4 |  |  | $ | 0.5 |
Non-current liabilities | 40.7 |  |  | 49.3 |  |  | 107.6 |  |  | 100.8 |  |  | 3.0 |  |  | 3.7 |
Total liabilities | $ | 41.9 |  |  | $ | 50.5 |  |  | $ | 110.4 |  |  | $ | 103.2 |  |  | $ | 3.4 |  |  | $ | 4.2 |
Amounts recognized in accumulated other comprehensive loss consist of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Actuarial net loss | $ | 64.8 |  |  | $ | 75.6 |  |  | $ | 68.2 |  |  | $ | 148.5 |  |  | $ | 0.9 |  |  | $ | — |
Prior service cost | 0.1 |  |  | 0.3 |  |  | 0.1 |  |  | (2.2 | ) |  | — |  |  | — |
Total amounts recognized in accumulated other comprehensive loss | $ | 64.9 |  |  | $ | 75.9 |  |  | $ | 68.3 |  |  | $ | 146.3 |  |  | $ | 0.9 |  |  | $ | — |
Schedule of Assumptions Used |
| U.S. Pension Benefits |  | Non-U.S. Pension Benefits |  | Other Benefits
| 2017 |  | 2016 |  | 2015 |  | 2017 |  | 2016 |  | 2015 |  | 2017 |  | 2016 |  | 2015
Weighted-average assumptions as of December 31: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Discount rate(1) | 3.78 | % |  | 4.03 | % |  | 4.20 | % |  | 2.15 | % |  | 2.27 | % |  | 3.23 | % |  | 3.58 | % |  | 3.81 | % |  | 3.91 | %
Expected return on plan assets | 7.00 | % |  | 7.00 | % |  | 7.50 | % |  | 4.43 | % |  | 5.90 | % |  | 5.93 | % |  | N/A |  |  | N/A |  |  | N/A |
Rate of compensation increase(1) | 3.75 | % |  | 3.75 | % |  | 3.75 | % |  | 0.93 | % |  | 0.89 | % |  | 0.83 | % |  | N/A |  |  | N/A |  |  | N/A |
Schedule of Net Periodic Benefit Cost Not yet Recognized |
| U.S. Pension Benefits |  | Non-U.S. Pension Benefits |  | Other Benefits
| 2017 |  | 2016 |  | 2015 |  | 2017 |  | 2016 |  | 2015 |  | 2017 |  | 2016 |  | 2015
Components of net periodic cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service cost | $ | 0.6 |  |  | $ | 0.6 |  |  | $ | 1.1 |  |  | $ | 3.2 |  |  | $ | 3.1 |  |  | $ | 2.9 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Interest cost | 6.4 |  |  | 7.1 |  |  | 7.2 |  |  | 5.0 |  |  | 6.5 |  |  | 6.9 |  |  | 0.1 |  |  | 0.2 |  |  | 0.2 |
Expected return on plan assets | (7.8 | ) |  | (8.3 | ) |  | (9.9 | ) |  | (5.0 | ) |  | (6.0 | ) |  | (7.0 | ) |  | — |  |  | — |  |  | — |
Recognition of prior service cost | 0.1 |  |  | 0.2 |  |  | 0.1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Amortization of actuarial loss | 4.1 |  |  | 4.2 |  |  | 3.8 |  |  | 3.5 |  |  | 2.5 |  |  | 3.2 |  |  | (1.2 | ) |  | — |  |  | 0.1 |
Settlements | — |  |  | — |  |  | — |  |  | 1.5 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Other | — |  |  | — |  |  | — |  |  | (0.4 | ) |  | (0.4 | ) |  | (0.3 | ) |  | — |  |  | — |  |  | — |
Net periodic cost | $ | 3.4 |  |  | $ | 3.8 |  |  | $ | 2.3 |  |  | $ | 7.8 |  |  | $ | 5.7 |  |  | $ | 5.7 |  |  | $ | (1.1 | ) |  | $ | 0.2 |  |  | $ | 0.3 |
Schedule of Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income |
| U.S. Pension Benefits |  | Non-U.S. Pension Benefits |  | Other Benefits
| 2017 |  | 2016 |  | 2017 |  | 2016 |  | 2017 |  | 2016
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net (gain) loss | $ | (6.8 | ) |  | $ | 1.3 |  |  | $ | (0.7 | ) |  | $ | 39.7 |  |  | $ | (0.3 | ) |  | $ | (0.6 | )
Amortization of actuarial gain (loss) | (4.1 | ) |  | (4.2 | ) |  | (3.5 | ) |  | (5.6 | ) |  | 1.2 |  |  | — |
Amortization of prior service cost | (0.1 | ) |  | (0.1 | ) |  | — |  |  | (2.3 | ) |  | — |  |  | — |
Disposals | — |  |  | — |  |  | (79.4 | ) |  | — |  |  | — |  |  | — |
Settlements | — |  |  | — |  |  | (1.5 | ) |  | — |  |  | — |  |  | — |
Foreign exchange effect | — |  |  | — |  |  | 7.1 |  |  | (12.2 | ) |  | — |  |  | — |
Total recognized in other comprehensive income (loss) | $ | (11.0 | ) |  | $ | (3.0 | ) |  | $ | (78.0 | ) |  | $ | 19.6 |  |  | $ | 0.9 |  |  | $ | (0.6 | )
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) |
| U.S. Pension Benefits |  | Non-U.S. Pension Benefits |  | Other Benefits
Amounts expected to be recognized as components of net periodic cost for the year ending December 31, 2018: |  |  |  |  |
Actuarial net loss | $ | 4.0 |  |  | $ | 3.3 |  |  | $ | 0.1 |
Prior service cost | 0.1 |  |  | — |  |  | — |
Total amount expected to be recognized as components of net periodic cost for the year ending December 31, 2018 | $ | 4.1 |  |  | $ | 3.3 |  |  | $ | 0.1 |
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets | For the Company’s plans, including the SERP, that have accumulated benefit obligations in excess of plan assets the projected benefit obligation, accumulated benefit obligation and fair value of plan assets were (in millions):
| U.S. Pension Benefits |  | Non-U.S. Pension Benefits
| 2017 |  | 2016 |  | 2017 |  | 2016
Projected benefit obligation | $ | 160.4 |  |  | $ | 167.6 |  |  | $ | 231.6 |  |  | $ | 211.5 |
Accumulated benefit obligation | $ | 153.3 |  |  | $ | 161.2 |  |  | $ | 229.4 |  |  | $ | 209.7 |
Fair value of plan assets | $ | 118.5 |  |  | $ | 117.1 |  |  | $ | 121.2 |  |  | $ | 108.3 |
Schedule of Fair Value of Plan Assets by Measurement Levels | The fair value of cash in the table below is based on price quotations in an active market and therefore categorized under Level 1 of the ASC 820 hierarchy. The fair value of the investment funds is priced on the market value of the underlying investments in the portfolio and therefore categorized as Level 2 of the ASC 820 hierarchy. See Note A – “Basis of Presentation,” for an explanation of the ASC 820 hierarchy. The fair value of the Company’s plan assets at December 31, 2017 are as follows (in millions):
| U.S. Pension Plan |  | Non-U.S. Pension Plans
| Total |  | Level 1 |  | Level 2 |  | NAV |  | Total |  | Level 1 |  | Level 2 |  | NAV
Cash, including money market funds | $ | 2.5 |  |  | $ | 2.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 2.9 |  |  | $ | 2.9 |  |  | $ | — |  |  | $ | — |
U.S. equities | 27.6 |  |  | — |  |  | — |  |  | 27.6 |  |  | 6.4 |  |  | — |  |  | 6.4 |  |  | — |
Non-U.S. equities | 8.7 |  |  | — |  |  | — |  |  | 8.7 |  |  | 24.4 |  |  | — |  |  | 24.4 |  |  | — |
U.S. corporate bonds | 55.8 |  |  | — |  |  | — |  |  | 55.8 |  |  | 0.6 |  |  | — |  |  | 0.6 |  |  | — |
Non-U.S. corporate bonds | — |  |  | — |  |  | — |  |  | — |  |  | 19.3 |  |  | — |  |  | 19.3 |  |  | — |
U.S. government securities | 16.4 |  |  | — |  |  | — |  |  | 16.4 |  |  | — |  |  | — |  |  | — |  |  | — |
Non-U.S. government securities | 0.6 |  |  | — |  |  | — |  |  | 0.6 |  |  | 32.7 |  |  | — |  |  | 32.7 |  |  | — |
Real estate | — |  |  | — |  |  | — |  |  | — |  |  | 3.5 |  |  | — |  |  | 3.5 |  |  | — |
Other securities | 6.9 |  |  | — |  |  | — |  |  | 6.9 |  |  | 31.4 |  |  | — |  |  | 31.4 |  |  | — |
Total investments measured at fair value | $ | 118.5 |  |  | $ | 2.5 |  |  | $ | — |  |  | $ | 116.0 |  |  | $ | 121.2 |  |  | $ | 2.9 |  |  | $ | 118.3 |  |  | $ | — |
The fair value of the Company’s plan assets at December 31, 2016 are as follows (in millions):
| U.S. Pension Plan |  | Non-U.S. Pension Plans
| Total |  | Level 1 |  | Level 2 |  | NAV |  | Total |  | Level 1 |  | Level 2 |  | NAV
Cash, including money market funds | $ | 2.5 |  |  | $ | 2.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 2.1 |  |  | $ | 2.1 |  |  | $ | — |  |  | $ | — |
U.S. equities | 28.6 |  |  | — |  |  | — |  |  | 28.6 |  |  | 5.9 |  |  | — |  |  | 5.9 |  |  | — |
Non-U.S. equities | 8.7 |  |  | — |  |  | — |  |  | 8.7 |  |  | 21.2 |  |  | — |  |  | 21.2 |  |  | — |
U.S. corporate bonds | 56.4 |  |  | — |  |  | — |  |  | 56.4 |  |  | 0.9 |  |  | — |  |  | 0.9 |  |  | — |
Non-U.S. corporate bonds | — |  |  | — |  |  | — |  |  | — |  |  | 17.7 |  |  | — |  |  | 17.7 |  |  | — |
U.S. government securities | 12.7 |  |  | — |  |  | — |  |  | 12.7 |  |  | 0.6 |  |  | — |  |  | 0.6 |  |  | — |
Non-U.S. government securities | 0.3 |  |  | — |  |  | — |  |  | 0.3 |  |  | 29.3 |  |  | — |  |  | 29.3 |  |  | — |
Real estate | — |  |  | — |  |  | — |  |  | — |  |  | 2.8 |  |  | — |  |  | 2.8 |  |  | — |
Other securities | 7.9 |  |  | — |  |  | — |  |  | 7.9 |  |  | 27.8 |  |  | — |  |  | 27.8 |  |  | — |
Total investments measured at fair value | $ | 117.1 |  |  | $ | 2.5 |  |  | $ | — |  |  | $ | 114.6 |  |  | $ | 108.3 |  |  | $ | 2.1 |  |  | $ | 106.2 |  |  | $ | — |
Schedule of Expected Benefit Payments | The Company’s estimated future benefit payments under its plans are as follows (in millions):
Year Ending December 31, |  | U.S. Pension Benefits |  | Non-U.S. Pension Benefits |  | Other Benefits
2018 |  | $ | 11.1 |  |  | $ | 11.7 |  |  | $ | 0.4 |
2019 |  | $ | 10.9 |  |  | $ | 7.4 |  |  | $ | 0.4 |
2020 |  | $ | 10.9 |  |  | $ | 7.6 |  |  | $ | 0.4 |
2021 |  | $ | 10.7 |  |  | $ | 8.2 |  |  | $ | 0.3 |
2022 |  | $ | 10.5 |  |  | $ | 8.4 |  |  | $ | 0.3 |
2023-2027 |  | $ | 52.1 |  |  | $ | 45.4 |  |  | $ | 1.0 |
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates | A one-percentage-point change in assumed health care cost trend rates would have the following effects (in millions):
| 1-Percentage- Point Increase |  | 1-Percentage- Point Decrease
Effect on total service and interest cost components | $ | — |  |  | $ | — |
Effect on post-retirement benefit obligation | $ | 0.1 |  |  | $ | (0.1 | )

X
- Definition Tabular disclosure of other changes in plan assets and benefit obligations recognized in other comprehensive income. + References No definition available. + Details
Name: | tex_ScheduleOfOtherChangesInPlanAssetsAndBenefitObligationsRecognizedInOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | tex_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of accumulated benefit obligations and fair values of plan assets of pension plans and/or other employee benefit plans where the accumulated benefit obligation exceeds the fair value of plan assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e2417-114920 + Details
Name: | us-gaap_ScheduleOfAccumulatedBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effect of a one-percentage-point increase and the effect of a one-percentage-point decrease in the assumed health care cost trend rates on the aggregate of the service and interest cost components of net periodic postretirement health care benefit costs and the accumulated postretirement benefit obligation for health care benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (m) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfEffectOfOnePercentagePointChangeInAssumedHealthCareCostTrendRatesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income or loss that have not yet been recognized as components of net periodic benefit cost, such as the net gain (loss), net prior service cost or credit, and net transition asset or obligation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (j) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetPeriodicBenefitCostNotYetRecognizedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration