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STOCKHOLDERS' EQUITY | 9 Months Ended
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Sep. 30, 2019
Stockholders' Equity Note [Abstract] |
STOCKHOLDERS' EQUITY | STOCKHOLDERS’ EQUITY
Changes in Accumulated Other Comprehensive Income (Loss) The table below presents changes in AOCI by component for the three and nine months ended September 30, 2019 and 2018. All amounts are net of tax (in millions).
| Three Months Ended September 30, 2019 |  | Three Months Ended September 30, 2018
| CTA (1) | Derivative Hedging Adj. | Debt & Equity Securities Adj. | Pension Liability Adj. | Total |  | CTA | Derivative Hedging Adj. | Debt & Equity Securities Adj. | Pension Liability Adj. | Total
Beginning balance | $ | (231.7 | ) | $ | (3.5 | ) | $ | 2.1 |  | $ | (54.2 | ) | $ | (287.3 | ) |  | $ | (187.8 | ) | $ | (5.2 | ) | $ | 0.7 |  | $ | (95.9 | ) | $ | (288.2 | )
Other comprehensive income (loss) before reclassifications | (51.9 | ) | (3.5 | ) | 0.4 |  | 14.4 |  | (40.6 | ) |  | (18.1 | ) | (1.0 | ) | 0.4 |  | 0.7 |  | (18.0 | )
Amounts reclassified from AOCI | 26.1 |  | 2.0 |  | — |  | (0.5 | ) | 27.6 |  |  | (0.7 | ) | 1.1 |  | — |  | 1.5 |  | 1.9 |
Net Other Comprehensive Income (Loss) | (25.8 | ) | (1.5 | ) | 0.4 |  | 13.9 |  | (13.0 | ) |  | (18.8 | ) | 0.1 |  | 0.4 |  | 2.2 |  | (16.1 | )
Ending balance | $ | (257.5 | ) | $ | (5.0 | ) | $ | 2.5 |  | $ | (40.3 | ) | $ | (300.3 | ) |  | $ | (206.6 | ) | $ | (5.1 | ) | $ | 1.1 |  | $ | (93.7 | ) | $ | (304.3 | )
(1) Reclassifications relate to 26.1 million of losses (net of 2.8 million of tax benefits) reclassified from AOCI to Gain (loss) on disposition of discontinued operations - net of tax in connection with the sale of Demag.
| Nine Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2018
| CTA (1) | Derivative Hedging Adj. | Debt & Equity Securities Adj. | Pension Liability Adj. | Total |  | CTA | Derivative Hedging Adj. | Debt & Equity Securities Adj. | Pension Liability Adj. | Total
Beginning balance | $ | (225.6 | ) | $ | (4.4 | ) | $ | 0.8 |  | $ | (55.6 | ) | $ | (284.8 | ) |  | $ | (144.7 | ) | $ | 2.1 |  | $ | 4.3 |  | $ | (101.2 | ) | $ | (239.5 | )
Other comprehensive income (loss) before reclassifications | (58.0 | ) | (5.7 | ) | 1.7 |  | 14.6 |  | (47.4 | ) |  | (61.2 | ) | (5.7 | ) | (0.6 | ) | 3.0 |  | (64.5 | )
Amounts reclassified from AOCI | 26.1 |  | 5.1 |  | — |  | 0.7 |  | 31.9 |  |  | (0.7 | ) | (1.5 | ) | — |  | 4.5 |  | 2.3 |
Net Other Comprehensive Income (Loss) | (31.9 | ) | (0.6 | ) | 1.7 |  | 15.3 |  | (15.5 | ) |  | (61.9 | ) | (7.2 | ) | (0.6 | ) | 7.5 |  | (62.2 | )
Other (2) | — |  | — |  | — |  | — |  | — |  |  | — |  | — |  | (2.6 | ) | — |  | (2.6 | )
Ending balance | $ | (257.5 | ) | $ | (5.0 | ) | $ | 2.5 |  | $ | (40.3 | ) | $ | (300.3 | ) |  | $ | (206.6 | ) | $ | (5.1 | ) | $ | 1.1 |  | $ | (93.7 | ) | $ | (304.3 | )
(1) Reclassifications relate to 26.1 million of losses (net of 2.8 million of tax benefits) reclassified from AOCI to Gain (loss) on disposition of discontinued operations - net of tax in connection with the sale of Demag. (2) Other relates to amounts reclassified from AOCI to Retained Earnings in connection with the adoption of ASU 2016-01 and 2016-16. Stock-Based Compensation During the nine months ended September 30, 2019, the Company awarded 1.1 million shares of restricted stock to its employees with a weighted average grant date fair value of $34.22 per share. Approximately 57% of these awards are time-based and vest ratably on each of the first three anniversary dates. Approximately 28% cliff vest at the end of a three-year period and are subject to performance targets that may or may not be met and for which the performance period has not yet been completed. Approximately 15% cliff vest and are based on performance targets containing a market condition determined over a three-year period. The Company used the Monte Carlo method to determine grant date fair value of $38.77 per share for the awards with a market condition granted on March 12, 2019. The Monte Carlo method is a statistical simulation technique used to provide the grant date fair value of an award. The following table presents the weighted-average assumptions used in the valuation:
| Grant date
| March 12, 2019
Dividend yields | 1.31 | %
Expected volatility | 36.64 | %
Risk free interest rate | 2.40 | %
Expected life (in years) | 3 |
Share Repurchases and Dividends In February 2018, Terex’s Board of Directors authorized the repurchase of up to an additional $325 million of the Company’s outstanding shares of common stock. During the nine months ended September 30, 2018, the Company repurchased 8.0 million shares for $325 million under this authorization. In July 2018, Terex’s Board of Directors’ authorized the Company to repurchase up to an additional $300 million of the Company’s outstanding shares of common stock, of which the Company repurchased 3.4 million shares for $100 million during the fourth quarter of 2018. During the nine months ended September 30, 2019, the Company did no t repurchase shares under the July 2018 authorization, leaving $200 million available for repurchase under this program. In the first, second and third quarter of 2019, Terex’s Board of Directors declared a dividend of $0.11 per share, which was paid to the Company’s shareholders. In October 2019, Terex’s Board of Directors declared a dividend of $0.11 per share which will be paid on December 19, 2019.

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- Definition The entire disclosure for accounts comprising shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income, and compensation-related costs for equity-based compensation. Includes, but is not limited to, disclosure of policies, compensation plan details, equity-based arrangements to obtain goods and services, deferred compensation arrangements, and employee stock purchase plan details. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
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