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STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2024

Stockholders' Equity Note [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following table presents the weighted-average assumptions used in the valuations:

			Grant date						Grant date						Grant date
			March 15, 2024						March 15, 2023						March 17, 2022
Dividend yields			1.15%						1.21		%				1.31		%
Expected volatility			42.65%						46.54		%				54.25		%
Risk free interest rate			4.50%						3.81		%				2.09		%
Expected life (in years)			3						3						3
Grant date fair value per share			$67.70						$	63.33					$	44.25

Schedule of Share-based Compensation Restricted Stock Awards Activity

The following table is a summary of Restricted Stock under all of the Company’s plans:

						Restricted Stock						Weighted Average Grant Date Fair Value
Nonvested at December 31, 2023						1,615,314						$	51.61
Granted						541,383						$	59.62
Vested						(855,285)						$	52.06
Canceled, expired or other						114,603						$	56.33
Nonvested at December 31, 2024						1,416,015						$	55.83

Schedule of Accumulated Other Comprehensive Income (Loss)

						Cumulative Translation Adjustment						Derivative Hedging Adjustment						Debt & Equity Securities Adjustment						Pension Liability Adjustment						Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2022						$	(188)					$	4					$	(1)					$	(44)					$	(229)
Current year change						(98)						(10)						(3)						(2)						(113)
Balance at December 31, 2022						(286)						(6)						(4)						(46)						(342)
Current year change						58						1						1						(5)						55
Balance at December 31, 2023						(228)						(5)						(3)						(51)						(287)
Current year change						(110)						12						—						3						(95)
Balance at December 31, 2024						$	(338)					$	7					$	(3)					$	(48)					$	(382)

Changes in Accumulated Other Comprehensive Income (Loss)

The table below presents changes in AOCI by component for the year ended December 31, 2024 and 2023. All amounts are net of tax (in millions).

			Year ended December 31, 2024																		Year ended December 31, 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			(110)			12			—			1			(97)						58			(1)			1			(7)			51
Amounts reclassified from AOCI			—			—			—			2			2									2			—			2			4
Net other comprehensive income (loss)			(110)			12			—			3			(95)						58			1			1			(5)			55
Ending balance			$	(338)		$	7		$	(3)		$	(48)		$	(382)					$	(228)		$	(5)		$	(3)		$	(51)		$	(287)

Schedule of Repurchase Agreements

The table below presents shares repurchased, inclusive of transactions executed but not settled, by the Company under these programs.

Year Ended December 31,			Total Number of Shares Repurchased			Amount of Shares Repurchased (in millions)
2024			871,585			$47
2023			1,287,214			$61
2022			2,862,650			$97

Dividends Declared

The table below presents dividends declared by Terex’s Board and paid to the Company’s stockholders:

Year			First Quarter			Second Quarter			Third Quarter			Fourth Quarter
2024			$	0.17		$	0.17		$	0.17		$	0.17
2023			$	0.15		$	0.15		$	0.17		$	0.17
2022			$	0.13		$	0.13		$	0.13		$	0.13

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