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EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2011
Earnings Per Share [Abstract]  
Schedule of earnings per share
(in millions, except per share data)
Three Months Ended

June 30,
 
Six Months Ended

June 30,
 
2011
 
2010
 
2011
 
2010
Net income (loss) from continuing operations attributable to Terex Corporation common stockholders
$
0.9


 
$
(13.1
)
 
$
5.9


 
$
(92.1
)
Income (loss) from discontinued operations-net of tax
(0.6
)
 
(2.2
)
 
5.8


 
(3.7
)
Gain on disposition of discontinued operations-net of tax
(0.8
)
 
(25.0
)
 
(0.5
)
 
595.4


Net income attributable to Terex Corporation
$
(0.5
)
 
$
(40.3
)
 
$
11.2


 
$
499.6


Basic shares:
 
 
 


 
 
 
 
Weighted average shares outstanding
109.5


 
108.7


 
109.4


 
108.5


Earnings per share - basic:
 


 
 


 
 
 
 
Income (loss) from continuing operations
$
0.01


 
$
(0.12
)
 
$
0.05


 
$
(0.85
)
Income (loss) from discontinued operations-net of tax
—


 
(0.02
)
 
0.05


 
(0.03
)
Gain on disposition of discontinued operations-net of tax
(0.01
)
 
(0.23
)
 
—


 
5.48


Net income attributable to Terex Corporation
$
—


 
$
(0.37
)
 
$
0.10


 
$
4.60


Diluted shares:
 


 
 


 
 
 
 
Weighted average shares outstanding
109.5


 
108.7


 
109.4


 
108.5


Effect of dilutive securities:
 


 
 


 
 
 
 
Stock options, restricted stock awards and convertible notes
5.3


 
—


 
5.6


 
—


Diluted weighted average shares outstanding
114.8


 
108.7


 
115.0


 
108.5


Earnings per share - diluted:
 


 
 


 
 
 
 
Income (loss) from continuing operations
$
0.01


 
$
(0.12
)
 
$
0.05


 
$
(0.85
)
Income (loss) from discontinued operations-net of tax
—


 
(0.02
)
 
0.05


 
(0.03
)
Gain on disposition of discontinued operations-net of tax
(0.01
)
 
(0.23
)
 
—


 
5.48


Net income attributable to Terex Corporation
$
—


 
$
(0.37
)
 
$
0.10


 
$
4.60
Schedule of noncontrolling interest attributable to common stockholders
The following table provides information to reconcile amounts reported on the Condensed Consolidated Statement of Income to amounts used to calculate earnings per share attributable to Terex Corporation common stockholders (in millions):
Noncontrolling Interest Attributable to Common Stockholders
 
Three Months Ended

June 30,
 
Six Months Ended

June 30,
 
2011
 
2010
 
2011
 
2010
Income (loss) from continuing operations
$
0.2


 
$
(11.7
)
 
$
4.4


 
$
(89.0
)
Noncontrolling interest attributed to income (loss) from continuing operations
0.7


 
(1.4
)
 
1.5


 
(3.1
)
Income (loss) from continuing operations attributable to common stockholders
$
0.9


 
$
(13.1
)
 
$
5.9


 
$
(92.1
)