XML 55 R39.htm IDEA: XBRL DOCUMENT v3.22.4

STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2022

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 17, 2022						March 4, 2021						February 26, 2020
Dividend yields			1.31%						1.12%						2.12%
Expected volatility			54.25%						53.03%						36.36%
Risk free interest rate			2.09%						0.29%						1.14%
Expected life (in years)			3						3						3
Grant date fair value per share			$44.25						$54.92						$21.09

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, 2021						1,887,706						$	34.44
Granted						739,307						$	40.16
Vested						(895,105)						$	34.86
Canceled, expired or other						117,888						$	35.34
Nonvested at December 31, 2022						1,849,796						$	37.36

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, 2020						$	(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)
Current year change						(97.5)						(10.4)						(3.5)						(1.7)						(113.1)
Balance at December 31, 2022						$	(285.5)					$	(6.4)					$	(3.5)					$	(46.2)					$	(341.6)

Changes in Accumulated Other Comprehensive Income (Loss)

The table below presents changes in AOCI by component for the year ended December 31, 2022 and 2021. All amounts are net of tax (in millions).

			Year ended December 31, 2022																		Year ended December 31, 2021
			CTA			Derivative Hedging Adj.			Debt & Equity Securities Adj.			Pension Liability Adj.			Total						CTA			Derivative Hedging Adj. (1)			Debt & Equity Securities Adj.			Pension Liability Adj.			Total
Beginning balance			$	(188.0)		$	4.0		$	—		$	(44.5)		$	(228.5)					$	(145.2)		$	(6.0)		$	1.2		$	(58.4)		$	(208.4)
Other comprehensive income (loss) before reclassifications			(97.1)			(4.0)			(3.5)			(2.9)			(107.5)						(42.7)			21.3			(1.2)			11.9			(10.7)
Amounts reclassified from AOCI			(0.4)			(6.4)			—			1.2			(5.6)						(0.1)			(11.3)			—			2.0			(9.4)
Net other comprehensive income (loss)			(97.5)			(10.4)			(3.5)			(1.7)			(113.1)						(42.8)			10.0			(1.2)			13.9			(20.1)
Ending balance			$	(285.5)		$	(6.4)		$	(3.5)		$	(46.2)		$	(341.6)					$	(188.0)		$	4.0		$	—		$	(44.5)		$	(228.5)

(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, inclusive of transactions executed but not settled, by the Company under this program.

Year Ended December 31,			Total Number of Shares Repurchased			Amount of Shares Repurchased (in millions)
2022			2,862,650			$96.6
2021			28,688			$1.2
2020			2,501,900			$54.6

Dividends Declared

The table below presents dividends declared by Terex’s Board of Directors and paid to the Company’s shareholders:

Year			First Quarter			Second Quarter			Third Quarter			Fourth Quarter
2022			$	0.13		$	0.13		$	0.13		$	0.13
2021			$	0.12		$	0.12		$	0.12		$	0.12
2020			$	0.12		$	—		$	—		$	—

X

- Definition

Tabular disclosure of information related to dividends declared, including paid and unpaid dividends.

+ References

No definition available.

+ Details

Name:	us-gaap_DividendsDeclaredTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669686-108580

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

+ Details

Name:	us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for repurchase agreements.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfRepurchaseAgreements
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration