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STOCKHOLDERS' EQUITY (Tables) | 12 Months Ended
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Dec. 31, 2021
Stockholders' Equity Note [Abstract] |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The following table presents the weighted-average assumptions used in the valuations:
| Grant date |  | Grant date |  | Grant date
| March 4, 2021 |  | February 26, 2020 |  | March 12, 2019
Dividend yields | 1.12% |  | 2.12% |  | 1.31%
Expected historical volatility | 53.03% |  | 36.36% |  | 36.64%
Risk free interest rate | 0.29% |  | 1.14% |  | 2.40%
Expected life (in years) | 3 |  | 3 |  | 3
Grant date fair value per share | $54.92 |  | $21.09 |  | $38.77
Schedule of Share-based Compensation Restricted Stock Awards Activity | The following table is a summary of restricted stock awards under all of the Company’s plans:
|  | Restricted Stock Awards |  | Weighted Average Grant Date Fair Value
Nonvested at December 31, 2020 |  | 2,391,325 |  |  | $ | 27.64 |
Granted |  | 638,520 |  |  | $ | 44.26 |
Vested |  | (706,935) |  |  | $ | 32.53 |
Canceled, expired or other |  | (435,204) |  |  | $ | 20.11 |
Nonvested at December 31, 2021 |  | 1,887,706 |  |  | $ | 34.44 |
Schedule of Accumulated Other Comprehensive Income (Loss) |
|  | Cumulative Translation Adjustment |  | Derivative Hedging Adjustment |  | Debt & Equity Securities Adjustment |  | Pension Liability Adjustment |  | Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2019 |  | $ | (225.6) |  |  | $ | (4.4) |  |  | $ | 0.8 |  |  | $ | (55.6) |  |  | $ | (284.8) |
Current year change |  | 17.4 |  |  | 3.6 |  |  | 1.8 |  |  | 4.5 |  |  | 27.3 |
Balance at December 31, 2019 |  | (208.2) |  |  | (0.8) |  |  | 2.6 |  |  | (51.1) |  |  | (257.5) |
Current year change |  | 63.0 |  |  | (5.2) |  |  | (1.4) |  |  | (7.3) |  |  | 49.1 |
Balance at December 31, 2020 |  | (145.2) |  |  | (6.0) |  |  | 1.2 |  |  | (58.4) |  |  | (208.4) |
Current year change |  | (42.8) |  |  | 10.0 |  |  | (1.2) |  |  | 13.9 |  |  | (20.1) |
Balance at December 31, 2021 |  | $ | (188.0) |  |  | $ | 4.0 |  |  | $ | — |  |  | $ | (44.5) |  |  | $ | (228.5) |
Changes in Accumulated Other Comprehensive Income (Loss) The table below presents changes in AOCI by component for the year ended December 31, 2021 and 2020. All amounts are net of tax (in millions).
| Year ended December 31, 2021 |  | Year ended December 31, 2020
| CTA | Derivative Hedging Adj. (1) | Debt & Equity Securities Adj. | Pension Liability Adj. | Total |  | CTA | Derivative Hedging Adj. | Debt & Equity Securities Adj. | Pension Liability Adj. | Total
Beginning balance | $ | (145.2) |  | $ | (6.0) |  | $ | 1.2 |  | $ | (58.4) |  | $ | (208.4) |  |  | $ | (208.2) |  | $ | (0.8) |  | $ | 2.6 |  | $ | (51.1) |  | $ | (257.5) |
Other comprehensive income (loss) before reclassifications | (42.7) |  | 21.3 |  | (1.2) |  | 11.9 |  | (10.7) |  |  | 63.0 |  | (9.2) |  | (1.4) |  | (8.6) |  | 43.8 |
Amounts reclassified from AOCI | (0.1) |  | (11.3) |  | — |  | 2.0 |  | (9.4) |  |  | — |  | 4.0 |  | — |  | 1.3 |  | 5.3 |
Net other comprehensive income (loss) | (42.8) |  | 10.0 |  | (1.2) |  | 13.9 |  | (20.1) |  |  | 63.0 |  | (5.2) |  | (1.4) |  | (7.3) |  | 49.1 |
Ending balance | $ | (188.0) |  | $ | 4.0 |  | $ | — |  | $ | (44.5) |  | $ | (228.5) |  |  | $ | (145.2) |  | $ | (6.0) |  | $ | 1.2 |  | $ | (58.4) |  | $ | (208.4) |
(1) Reclassifications primarily relate to $12.1 million of income (net of $3.5 million of tax expense) reclassified from AOCI to Cost of Goods Sold related to commodity swaps.
Schedule of Repurchase Agreements | The table below presents shares repurchased by the Company during the years ended December 31, 2021, 2020 and 2019 under this program:
Year Ended December 31 | Total Number of Shares Repurchased | Amount of Shares Repurchased (in millions)
2021 | 28,688 | $1.2
2020 | 2,501,900 | $54.6
2019 | 175,275 | $4.9
Dividends Declared | The table below presents dividends declared by Terex’s Board of Directors and paid to the Company’s shareholders in each quarter of 2021, 2020 and 2019:
Year | First Quarter | Second Quarter | Third Quarter | Fourth Quarter
2021 | $ | 0.12 |  | $ | 0.12 |  | $ | 0.12 |  | $ | 0.12 |
2020 | $ | 0.12 |  | $ | — |  | $ | — |  | $ | — |
2019 | $ | 0.11 |  | $ | 0.11 |  | $ | 0.11 |  | $ | 0.11 |

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