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STOCKHOLDERS' EQUITY
 6 Months Ended
Jun. 30, 2020
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS’ EQUITY
Changes in Accumulated Other Comprehensive Income (Loss)

The table below presents changes in AOCI by component for the three and six months ended June 30, 2020 and 2019. All amounts are net of tax (in millions).
Three Months Ended
June 30, 2020		Three Months Ended
June 30, 2019
CTADerivative Hedging Adj.Debt & Equity Securities Adj.Pension Liability Adj.TotalCTADerivative Hedging Adj.Debt & Equity Securities Adj.Pension Liability Adj.Total
Beginning balance$(263.0) $(5.0) $2.4  $(48.1) $(313.7) $(227.7) $(5.5) $1.6  $(55.5) $(287.1) 
Other comprehensive income (loss) before reclassifications
19.5  (3.6) 1.2  (0.1) 17.0  (4.0) 0.6  0.5  0.7  (2.2) 
Amounts reclassified from AOCI
—  1.5  —  0.4  1.9  —  1.4  —  0.6  2.0  
Net other comprehensive income (loss)
19.5  (2.1) 1.2  0.3  18.9  (4.0) 2.0  0.5  1.3  (0.2) 
Ending balance
$(243.5) $(7.1) $3.6  $(47.8) $(294.8) $(231.7) $(3.5) $2.1  $(54.2) $(287.3) 


Six Months Ended
June 30, 2020		Six Months Ended
June 30, 2019
CTADerivative Hedging Adj.Debt & Equity Securities Adj.Pension Liability Adj.TotalCTADerivative Hedging Adj.Debt & Equity Securities Adj.Pension Liability Adj.Total
Beginning balance$(208.2) $(0.8) $2.6  $(51.1) $(257.5) $(225.6) $(4.4) $0.8  $(55.6) $(284.8) 
Other comprehensive income (loss) before reclassifications
(35.3) (9.9) 1.0  2.5  (41.7) (6.1) (2.2) 1.3  0.2  (6.8) 
Amounts reclassified from AOCI
—  3.6  —  0.8  4.4  —  3.1  —  1.2  4.3  
Net other comprehensive income (loss)
(35.3) (6.3) 1.0  3.3  (37.3) (6.1) 0.9  1.3  1.4  (2.5) 
Ending balance $(243.5) $(7.1) $3.6  $(47.8) $(294.8) $(231.7) $(3.5) $2.1  $(54.2) $(287.3) 
Stock-Based Compensation

During the six months ended June 30, 2020, the Company awarded 1.4 million shares of restricted stock to its employees with a weighted average grant date fair value of $22.40 per share.  Approximately 58% of these awards are time-based and vest ratably on each of the first three anniversary dates. Approximately 28% cliff vest at the end of a three-year period and are subject to performance targets that may or may not be met and for which the performance period has not yet been completed. Approximately 14% cliff vest and are based on performance targets containing a market condition determined over a three-year period.

The Company used the Monte Carlo method to determine grant date fair value of $21.09 per share for the awards with a market condition granted on February 26, 2020.  The Monte Carlo method is a statistical simulation technique used to provide the grant date fair value of an award.  

The following table presents the weighted-average assumptions used in the valuation:
Grant date
February 26, 2020
Dividend yields2.12 %
Expected volatility36.36 %
Risk free interest rate1.14 %
Expected life (in years)3

Share Repurchases and Dividends

In July 2018, Terex’s Board of Directors authorized the Company to repurchase up to an additional $300 million of the Company’s outstanding shares of common stock, of which approximately $105 million was utilized prior to January 1, 2020. During the six months ended June 30, 2020, the Company repurchased 2.5 million shares for $54.6 million under this program. During the six months ended June 30, 2019, the Company did not repurchase shares under this program. In the first quarter of 2020, Terex’s Board of Directors declared a dividend of $0.12, which was paid to the Company’s shareholders. In April 2020, the Company announced that it has suspended further share repurchases and dividend payments for the remainder of 2020.