STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

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.