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STOCKHOLDERS' EQUITY (Tables)
 3 Months Ended
Mar. 31, 2017
Stockholders' Equity Note [Abstract]  
Schedule of accumulated other comprehensive income (loss)
Total non-stockholder changes in equity were as follows (in millions):
 
Three Months Ended
March 31,
 
2017
 
2016
Net income (loss)
$
(4.6
)
 
$
(71.0
)
Other comprehensive income (loss), net of tax:
 
 
 

Cumulative translation adjustment (“CTA”), net of (provision for) benefit from taxes of $(4.5) and $0.3, respectively
371.0

 
61.9

Derivative hedging adjustment, net of (provision for) benefit from taxes of $(0.7) and $0.3, respectively
1.1

 
(3.6
)
Debt and equity securities adjustment, net of (provision for) benefit from taxes of $0.0 and $0.0, respectively
0.1

 
(0.4
)
Pension liability adjustment:
 
 
 
Amortization of actuarial (gain) loss, net of provision for (benefit from) taxes of $(0.6) and $(0.5), respectively
1.3

 
1.9

Divestiture of business, net of provision for (benefit from) taxes of $(23.9) and $0.0
55.4

 
—

Foreign exchange and other effects, net of (provision for) benefit from taxes of $0.3 and $1.2, respectively
(0.8
)
 
(1.4
)
Total pension liability adjustment
55.9


0.5

Other comprehensive income (loss)
428.1

 
58.4

Comprehensive income (loss)
423.5

 
(12.6
)
Comprehensive loss (income) attributable to noncontrolling interest
—

 
0.1

Comprehensive income (loss) attributable to Terex Corporation
$
423.5

 
$
(12.5
)


Changes in Accumulated Other Comprehensive Income (Loss)
The table below presents changes in AOCI by component for the three months ended March 31, 2017 and 2016. All amounts are net of tax (in millions).
 
Three months ended March 31, 2017
 
Three months ended March 31, 2016
 
CTA (1)
Deriv. Hedging Adj.
Debt & Equity Securities Adj.
Pension Liability Adj. (2)
Total
 
CTA
Deriv. Hedging Adj.
Debt & Equity Securities Adj.
Pension Liability Adj.
Total
Beginning balance
$
(615.3
)
$
(2.4
)
$
0.6

$
(162.3
)
$
(779.4
)
 
$
(492.7
)
$
2.3

$
(6.3
)
$
(152.9
)
$
(649.6
)
Other comprehensive income (loss) before reclassifications
18.9

(0.6
)
—

(0.8
)
17.5

 
61.9

(2.4
)
(0.4
)
(1.4
)
57.7

Amounts reclassified from AOCI
352.1

1.7

0.1

56.7

410.6

 
—

(1.2
)
—

1.9

0.7

Net other comprehensive Income (Loss)
371.0

1.1

0.1

55.9

428.1

 
61.9

(3.6
)
(0.4
)
0.5

58.4

Ending balance
$
(244.3
)
$
(1.3
)
$
0.7

$
(106.4
)
$
(351.3
)
 
$
(430.8
)
$
(1.3
)
$
(6.7
)
$
(152.4
)
$
(591.2
)

 


(1) Reclassification of $352.1 million of losses (net of $1.5 million of tax benefits) from AOCI to Gain (loss) on disposition of discontinued operations - net of tax in connection with the sale of the MHPS business during the three months ended March 31, 2017.
(2) Reclassification of AOCI during the three months ended March 31, 2017 primarily relates to $55.4 million of losses (net of $23.9 million of tax benefits) reclassified from AOCI to Gain (loss) on disposition of discontinued operations - net of tax in connection with the sale of the MHPS business.
Schedule of weighted-average assumptions used in the valuations
The following table presents the weighted-average assumptions used in the valuation:
 
Grant date
 
March 2, 2017
Dividend yields
1.01
%
Expected volatility
42.78
%
Risk free interest rate
1.55
%
Expected life (in years)
3