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STOCKHOLDERS' EQUITY (Tables) | 6 Months Ended
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Jun. 30, 2023
Stockholders' Equity Note [Abstract] |
Schedule of accumulated other comprehensive income (loss) | The table below presents changes in AOCI by component for the three and six months ended June 30, 2023 and 2022. All amounts are net of tax (in millions).
| Three Months Ended June 30, 2023 |  | Three Months Ended June 30, 2022
| CTA | 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 | $ | (261.1) |  | $ | (4.5) |  | $ | (3.0) |  | $ | (46.7) |  | $ | (315.3) |  |  | $ | (206.9) |  | $ | 3.0 |  | $ | (1.7) |  | $ | (42.9) |  | $ | (248.5) |
Other comprehensive income (loss) before reclassifications | 11.1 |  | (1.0) |  | (0.2) |  | (1.5) |  | 8.4 |  |  | (72.0) |  | (0.3) |  | (1.2) |  | 2.7 |  | (70.8) |
Amounts reclassified from AOCI | — |  | 1.1 |  | — |  | 0.5 |  | 1.6 |  |  | — |  | (1.9) |  | — |  | 0.3 |  | (1.6) |
Net other comprehensive income (loss) | 11.1 |  | 0.1 |  | (0.2) |  | (1.0) |  | 10.0 |  |  | (72.0) |  | (2.2) |  | (1.2) |  | 3.0 |  | (72.4) |
Ending balance | $ | (250.0) |  | $ | (4.4) |  | $ | (3.2) |  | $ | (47.7) |  | $ | (305.3) |  |  | $ | (278.9) |  | $ | 0.8 |  | $ | (2.9) |  | $ | (39.9) |  | $ | (320.9) |
| Six Months Ended June 30, 2023 |  | Six Months Ended June 30, 2022 |  |  |  |
| CTA | 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 | $ | (285.5) |  | $ | (6.4) |  | $ | (3.5) |  | $ | (46.2) |  | $ | (341.6) |  |  | $ | (188.0) |  | $ | 4.0 |  | $ | — |  | $ | (44.5) |  | $ | (228.5) |  |  |  |  |
Other comprehensive income (loss) before reclassifications | 35.5 |  | (0.5) |  | 0.3 |  | (2.5) |  | 32.8 |  |  | (90.5) |  | 2.6 |  | (2.9) |  | 3.9 |  | (86.9) |  |  |  |  |
Amounts reclassified from AOCI | — |  | 2.5 |  | — |  | 1.0 |  | 3.5 |  |  | (0.4) |  | (5.8) |  | — |  | 0.7 |  | (5.5) |  |  |  |  |
Net other comprehensive income (loss) | 35.5 |  | 2.0 |  | 0.3 |  | (1.5) |  | 36.3 |  |  | (90.9) |  | (3.2) |  | (2.9) |  | 4.6 |  | (92.4) |  |  |  |  |
Ending balance | $ | (250.0) |  | $ | (4.4) |  | $ | (3.2) |  | $ | (47.7) |  | $ | (305.3) |  |  | $ | (278.9) |  | $ | 0.8 |  | $ | (2.9) |  | $ | (39.9) |  | $ | (320.9) |  |  |  |  |
Schedule of weighted-average assumptions used in the valuations | The following table presents the weighted-average assumptions used in the valuations:
| Grant date
| March 15, 2023
Dividend yields | 1.21 | %
Expected volatility | 46.54 | %
Risk free interest rate | 3.81 | %
Expected life (in years) | 3
Schedule of Repurchase Agreements | The table below presents shares repurchased, inclusive of transactions executed but not settled, by the Company under these programs.
| Six Months Ended June 30 |  | Total Number of Shares Repurchased | Amount of Shares Repurchased (in millions)
| 2023 |  | 736,644 | $33.8
| 2022 |  | 2,298,050 | $79.5
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 |  |  |
2023 | $ | 0.15 |  | $ | 0.15 |  |  |  |
2022 | $ | 0.13 |  | $ | 0.13 |  |  |  |
In July 2023, Terex’s Board of Directors declared a dividend of $0.17 per share, which will be paid on September 19, 2023 to the Company’s shareholders of record as of August 14, 2023.

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