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STOCKHOLDERS' EQUITY (Tables) | 6 Months Ended
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Jun. 30, 2024
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, 2024 and 2023. All amounts are net of tax (in millions).
| Three Months Ended June 30, 2024 |  | Three Months Ended June 30, 2023
| 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 | $ | (262.2) |  | $ | (1.1) |  | $ | (2.9) |  | $ | (49.7) |  | $ | (315.9) |  |  | $ | (261.1) |  | $ | (4.5) |  | $ | (3.0) |  | $ | (46.7) |  | $ | (315.3) |
Other comprehensive income (loss) before reclassifications | (27.1) |  | 0.5 |  | — |  | (0.1) |  | (26.7) |  |  | 11.1 |  | (1.0) |  | (0.2) |  | (1.5) |  | 8.4 |
Amounts reclassified from AOCI | — |  | (0.7) |  | — |  | 0.6 |  | (0.1) |  |  | — |  | 1.1 |  | — |  | 0.5 |  | 1.6 |
Net other comprehensive income (loss) | (27.1) |  | (0.2) |  | — |  | 0.5 |  | (26.8) |  |  | 11.1 |  | 0.1 |  | (0.2) |  | (1.0) |  | 10.0 |
Ending balance | $ | (289.3) |  | $ | (1.3) |  | $ | (2.9) |  | $ | (49.2) |  | $ | (342.7) |  |  | $ | (250.0) |  | $ | (4.4) |  | $ | (3.2) |  | $ | (47.7) |  | $ | (305.3) |
| Six Months Ended June 30, 2024 |  | Six Months Ended June 30, 2023 |  |  |  |
| 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 | $ | (228.3) |  | $ | (5.4) |  | $ | (2.7) |  | $ | (50.7) |  | $ | (287.1) |  |  | $ | (285.5) |  | $ | (6.4) |  | $ | (3.5) |  | $ | (46.2) |  | $ | (341.6) |  |  |  |  |
Other comprehensive income (loss) before reclassifications | (61.0) |  | 4.5 |  | (0.2) |  | 0.4 |  | (56.3) |  |  | 35.5 |  | (0.5) |  | 0.3 |  | (2.5) |  | 32.8 |  |  |  |  |
Amounts reclassified from AOCI | — |  | (0.4) |  | — |  | 1.1 |  | 0.7 |  |  | — |  | 2.5 |  | — |  | 1.0 |  | 3.5 |  |  |  |  |
Net other comprehensive income (loss) | (61.0) |  | 4.1 |  | (0.2) |  | 1.5 |  | (55.6) |  |  | 35.5 |  | 2.0 |  | 0.3 |  | (1.5) |  | 36.3 |  |  |  |  |
Ending balance | $ | (289.3) |  | $ | (1.3) |  | $ | (2.9) |  | $ | (49.2) |  | $ | (342.7) |  |  | $ | (250.0) |  | $ | (4.4) |  | $ | (3.2) |  | $ | (47.7) |  | $ | (305.3) |  |  |  |  |
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, 2024
Dividend yields | 1.15 | %
Expected volatility | 42.65 | %
Risk free interest rate | 4.50 | %
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)
| 2024 |  | 345,274 | $19.6
| 2023 |  | 736,644 | $33.8
Dividends Declared | The table below presents dividends declared by Terex’s Board and paid to the Company’s shareholders:
Year | First Quarter | Second Quarter |  |  |  |
2024 | $ | 0.17 |  | $ | 0.17 |  |  |  |  |
2023 | $ | 0.15 |  | $ | 0.15 |  |  |  |  |

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