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STOCKHOLDERS' EQUITY (Tables) | 9 Months Ended
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Sep. 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 nine months ended September 30, 2024 and 2023. All amounts are net of tax (in millions).
| Three Months Ended September 30, 2024 |  | Three Months Ended September 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 | $ | (290) |  | $ | (1) |  | $ | (3) |  | $ | (49) |  | $ | (343) |  |  | $ | (250) |  | $ | (4) |  | $ | (3) |  | $ | (48) |  | $ | (305) |
Other comprehensive income (loss) before reclassifications | 75 |  | (9) |  | 1 |  | (4) |  | 63 |  |  | (61) |  | 7 |  | (1) |  | 2 |  | (53) |
Amounts reclassified from AOCI | — |  | — |  | — |  | 1 |  | 1 |  |  | — |  | — |  | — |  | 1 |  | 1 |
Net other comprehensive income (loss) | 75 |  | (9) |  | 1 |  | (3) |  | 64 |  |  | (61) |  | 7 |  | (1) |  | 3 |  | (52) |
Ending balance | $ | (215) |  | $ | (10) |  | $ | (2) |  | $ | (52) |  | $ | (279) |  |  | $ | (311) |  | $ | 3 |  | $ | (4) |  | $ | (45) |  | $ | (357) |
| Nine Months Ended September 30, 2024 |  | Nine Months Ended September 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) |  | $ | (5) |  | $ | (3) |  | $ | (51) |  | $ | (287) |  |  | $ | (286) |  | $ | (6) |  | $ | (4) |  | $ | (46) |  | $ | (342) |  |  |  |  |
Other comprehensive income (loss) before reclassifications | 13 |  | (4) |  | 1 |  | (3) |  | 7 |  |  | (25) |  | 6 |  | — |  | (1) |  | (20) |  |  |  |  |
Amounts reclassified from AOCI | — |  | (1) |  | — |  | 2 |  | 1 |  |  | — |  | 3 |  | — |  | 2 |  | 5 |  |  |  |  |
Net other comprehensive income (loss) | 13 |  | (5) |  | 1 |  | (1) |  | 8 |  |  | (25) |  | 9 |  | — |  | 1 |  | (15) |  |  |  |  |
Ending balance | $ | (215) |  | $ | (10) |  | $ | (2) |  | $ | (52) |  | $ | (279) |  |  | $ | (311) |  | $ | 3 |  | $ | (4) |  | $ | (45) |  | $ | (357) |  |  |  |  |
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.
| Nine Months Ended September 30 |  | Total Number of Shares Repurchased | Amount of Shares Repurchased (in millions)
| 2024 |  | 567,108 | $32
| 2023 |  | 736,644 | $34
Dividends Declared | The table below presents dividends declared by Terex’s Board and paid to the Company’s shareholders:
Year | First Quarter | Second Quarter | Third Quarter |  |  |
2024 | $ | 0.17 |  | $ | 0.17 |  | $ | 0.17 |  |  |  |
2023 | $ | 0.15 |  | $ | 0.15 |  | $ | 0.17 |  |  |  |

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