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STOCKHOLDERS' EQUITY (Tables) | 9 Months Ended
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Sep. 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 nine months ended September 30, 2023 and 2022. All amounts are net of tax (in millions).
| Three Months Ended September 30, 2023 |  | Three Months Ended September 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 | $ | (250.0) |  | $ | (4.4) |  | $ | (3.2) |  | $ | (47.7) |  | $ | (305.3) |  |  | $ | (278.9) |  | $ | 0.8 |  | $ | (2.9) |  | $ | (39.9) |  | $ | (320.9) |
Other comprehensive income (loss) before reclassifications | (60.9) |  | 7.1 |  | (0.6) |  | 1.8 |  | (52.6) |  |  | (80.8) |  | (2.1) |  | (1.0) |  | 2.9 |  | (81.0) |
Amounts reclassified from AOCI | — |  | 0.1 |  | — |  | 0.5 |  | 0.6 |  |  | — |  | 0.3 |  | — |  | 0.3 |  | 0.6 |
Net other comprehensive income (loss) | (60.9) |  | 7.2 |  | (0.6) |  | 2.3 |  | (52.0) |  |  | (80.8) |  | (1.8) |  | (1.0) |  | 3.2 |  | (80.4) |
Ending balance | $ | (310.9) |  | $ | 2.8 |  | $ | (3.8) |  | $ | (45.4) |  | $ | (357.3) |  |  | $ | (359.7) |  | $ | (1.0) |  | $ | (3.9) |  | $ | (36.7) |  | $ | (401.3) |
| Nine Months Ended September 30, 2023 |  | Nine Months Ended September 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 | (25.4) |  | 6.6 |  | (0.3) |  | (0.7) |  | (19.8) |  |  | (171.3) |  | 0.5 |  | (3.9) |  | 6.8 |  | (167.9) |  |  |  |  |
Amounts reclassified from AOCI | — |  | 2.6 |  | — |  | 1.5 |  | 4.1 |  |  | (0.4) |  | (5.5) |  | — |  | 1.0 |  | (4.9) |  |  |  |  |
Net other comprehensive income (loss) | (25.4) |  | 9.2 |  | (0.3) |  | 0.8 |  | (15.7) |  |  | (171.7) |  | (5.0) |  | (3.9) |  | 7.8 |  | (172.8) |  |  |  |  |
Ending balance | $ | (310.9) |  | $ | 2.8 |  | $ | (3.8) |  | $ | (45.4) |  | $ | (357.3) |  |  | $ | (359.7) |  | $ | (1.0) |  | $ | (3.9) |  | $ | (36.7) |  | $ | (401.3) |  |  |  |  |
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.
| Nine Months Ended September 30 |  | Total Number of Shares Repurchased | Amount of Shares Repurchased (in millions)
| 2023 |  | 736,644 | $33.8
| 2022 |  | 2,747,751 | $92.9
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 |  |  |
2023 | $ | 0.15 |  | $ | 0.15 |  | $ | 0.17 |  |  |  |
2022 | $ | 0.13 |  | $ | 0.13 |  | $ | 0.13 |  |  |  |
In October 2023, Terex’s Board of Directors declared a dividend of $0.17 per share, which will be paid on December 19, 2023 to the Company’s shareholders of record as of November 9, 2023.

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