v3.26.3
ACQUISITIONS (Tables)
 9 Months Ended
Sep. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination, Provisional Consideration Transferred
The following table summarizes the components of the provisional purchase consideration (in millions except per-share information and the exchange ratio):
REV shares outstanding(1)
48.9 
Cash consideration (per REV share)$8.71 
Cash portion of purchase price$426 
Settlement of REV’s outstanding debt122 
Total cash consideration transferred$548 
REV shares outstanding(1)
48.9 
Exchange ratio0.9809 
Total Terex common shares issued47.9 
Terex's share price(2)
$58.99 
Equity portion of purchase price$2,828 
Fair value of converted unvested share based awards attributable to pre-combination services(3)
$8 
Total provisional consideration transferred$3,384 
(1) Represents REV’s outstanding shares as of February 1, 2026.
(2) Represents Terex's share price as of February 2, 2026.
(3) Represents fair value estimate as of February 2, 2026.
Business Combination, Recognized Asset Acquired and Liability Assumed
The following table summarizes the preliminary estimated fair values of the REV assets acquired and liabilities assumed and related deferred income taxes as of the Closing Date (in millions).

February 2, 2026
Cash acquired
$81 
Receivables, net
183 
Inventories, net
615 
Prepaid and other current assets
71 
Property, plant & equipment, net
203 
Goodwill
1,428 
Identified intangibles subject to amortization1,266 
Identified indefinite-lived intangibles
786 
Other assets
43 
Total assets acquired
$4,676 
Trade accounts payable
193 
Short-term customer advances
176 
Other current liabilities
184 
Long-term deferred tax liabilities
484 
Long-term customer advances183 
Other non-current liabilities
72 
Total liabilities assumed
$1,292 
Net assets acquired
$3,384 
Business Combination, Intangible Asset, Acquired, Finite-Lived
The following table summarizes the preliminary determination of the fair values of identifiable indefinite and finite-lived intangible assets acquired (in millions):
Weighted Average Life
(in years)		Gross Carrying Amount
Indefinite-lived intangible assets:
Trade names
N/A
$786 
Finite-lived intangible assets:
Backlog2232 
Trade names
2017 
Customer relationships
15830 
Non-competition agreements319 
Technology
12168 
Total Indefinite and Finite-lived intangible assets
$2,052 
Business Combination, Pro Forma Information
The following unaudited pro forma information has been presented as if the REV Transaction occurred on January 1, 2025. This information is based on historical results of operations, which were adjusted for acquisition-related expenses, acceleration of stock-based compensation, amortization of finite-lived intangible assets, fair value step-up of inventory and depreciation of property, plant, and equipment, all related to the REV Transaction, among other adjustments. The unaudited pro forma information is not necessarily indicative of what the results would have been had the Company operated the business since January 1, 2025, nor does it intend to be a projection of future results.

(in millions, except per share data)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026202520262025
Net sales
$2,197 $2,017 $6,359 $5,981 
Net income
112 68 247 20 
Basic earnings per share0.99 0.60 2.18 0.18 
Diluted earnings per share0.98 0.59 2.16 0.17 
Long-Lived Asset, Held-for-Sale
As of September 30, 2026, assets and liabilities held for sale were included in Prepaid and other current assets and Other current liabilities, respectively, in the Unaudited Condensed Consolidated Balance Sheet. Assets and liabilities held for sale consisted of the following balances:

September 30, 2026
ASSETS
Receivables, net$21 
Inventories, net37 
Property, plant & equipment, net3 
Goodwill3 
Intangible assets, net6 
Loss on assets held for sale(17)
Total assets held for sale$53 
LIABILITIES
Trade accounts payable$17 
Accrued warranty2 
Other liabilities1 
Total liabilities held for sale$20