Titan International (TWI) 10-Q 7 Nov 22 2022 Q3 Quarterly report Financial data

Document and Entitiy Informatio

Document and Entitiy Information - shares	9 Months Ended
	Sep. 30, 2022	Oct. 31, 2022
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	1-12936
Entity Registrant Name	TITAN INTERNATIONAL, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-3228472
Entity Address, Address Line One	1525 Kautz Road, Suite 600
Entity Address, City or Town	West Chicago
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60185
City Area Code	217
Local Phone Number	228-6011
Title of 12(b) Security	Common stock, $0.0001 par value
Trading Symbol	TWI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0000899751
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		62,843,961

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue from Contract with Customer, Excluding Assessed Tax	$ 530,722	$ 450,382	$ 1,659,614	$ 1,292,539
Cost of sales	443,089	390,090	1,375,599	1,117,512
Gross profit	87,633	60,292	284,015	175,027
Selling, general and administrative expenses	31,410	32,217	102,306	98,811
Research and development expenses	2,434	2,370	7,592	7,451
Royalty expense	3,298	2,805	9,217	7,915
Income (loss) from operations	50,491	22,900	164,900	60,850
Interest expense	(7,221)	(7,818)	(22,835)	(23,939)
Gain (Loss) on Repurchase of Debt Instrument	0	0	0	(16,020)
Foreign exchange gain	1,198	416	8,749	9,125
Other income	9,691	648	24,526	1,512
Income before income taxes	54,159	16,146	175,340	31,528
Provision for income taxes	11,446	5,342	39,128	9,927
Net income	42,713	10,804	136,212	21,601
Net (loss) income attributable to noncontrolling interests	(456)	(383)	1,950	(387)
Net income attributable to Titan and applicable to common shareholders	$ 43,169	$ 11,187	$ 134,262	$ 21,988
Earnings per common share:
Basic	$ 0.69	$ 0.18	$ 2.13	$ 0.36
Diluted	$ 0.68	$ 0.18	$ 2.11	$ 0.35
Average common shares and equivalents outstanding:
Basic	62,803	62,340	63,107	61,844
Diluted	63,229	62,601	63,587	62,523

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Net income	$ 42,713			$ 10,804			$ 136,212	$ 21,601
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	287			54			865	319
Currency translation adjustment	(29,517)			(16,243)			(23,778)	(28,991)
Pension liability adjustments, net of tax of $(107), $(42), $(451), and $(83), respectively	241	$ 431	$ 544	797	$ 692	$ 873	1,216	2,362
Comprehensive income (loss)	13,724			(4,588)			114,515	(4,709)
Net comprehensive (loss) income attributable to redeemable and noncontrolling interests	(1,101)			51			7,352	(323)
Comprehensive income (loss) attributable to Titan	$ 14,825			$ (4,639)			$ 107,163	$ (4,386)

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	$ (107)	$ (42)	$ (451)	$ (83)

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 116,581	$ 98,108
Accounts receivable, net	282,145	255,180
Inventories	412,967	392,615
Prepaid and other current assets	88,954	67,401
Total current assets	900,647	813,304
Property, plant and equipment, net	287,618	301,109
Operating Lease, Right-of-Use Asset	9,528	20,945
Deferred income taxes	16,416	16,831
Other long-term assets	33,270	30,496
Total assets	1,247,479	1,182,685
Current liabilities
Short-term debt	32,300	32,500
Accounts payable	256,715	278,099
Other current liabilities	181,937	140,214
Total current liabilities	470,952	450,813
Long-term debt	414,566	452,451
Deferred income taxes	4,242	3,978
Other long-term liabilities	36,732	48,271
Total liabilities	926,492	955,513
Titan stockholders' equity
Common stock ($0.0001 par value, 120,000,000 shares authorized, 66,525,269 issued at September 30, 2022 and 66,492,660 at December 31, 2021)	0	0
Additional paid-in capital	564,181	562,340
Retained earnings (deficit)	48,823	(85,439)
Treasury stock (at cost, 3,720,609 shares at September 30, 2022 and 80,876 shares at December 31, 2021)	(23,662)	(1,121)
Accumulated other comprehensive loss	(273,579)	(246,480)
Total Titan shareholders’ equity	315,763	229,300
Noncontrolling interests	5,224	(2,128)
Total equity	320,987	227,172
Total liabilities and equity	$ 1,247,479	$ 1,182,685

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022
Liabilities and Equity [Abstract]
Common Stock, shares, outstanding (in shares)	62,804,660	62,774,777	62,624,574

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional paid-in capital [Member]	Retained earnings [Member]	Treasury stock [Member]	Accumulated other comprehensive income (loss) [Member]	Parent [Member]	Noncontrolling interest [Member]
Balance, Beginning (in shares) at Dec. 31, 2020		61,376,981
Balance, Beginning at Dec. 31, 2020	$ (176,265)		$ (532,742)	$ 135,025	$ 1,199	$ 217,254	$ (179,264)	$ 2,999
Net income				13,574			13,574
Currency translation adjustment, net						(26,665)	26,665	(513)
Temporary Equity, Foreign Currency Translation Adjustments	27,178
Pension liability adjustments, net of tax	873					873	873
Derivative, Gain on Derivative	40					40	40
Stock Issued During Period, Shares, Restricted Stock Award, Gross		146,322
Stock-based compensation	569		487		82		569
Issuance of common stock under 401(k) plan		70,416
Issuance of common stock under 401(k) plan	(340)		(340)				(340)
Balance, Ending (in shares) at Mar. 31, 2021		61,593,719
Balance, Ending at Mar. 31, 2021	(164,132)		(533,569)	121,451	1,117	243,006	(167,995)	3,863
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	13,223
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest								(351)
Balance, Beginning (in shares) at Dec. 31, 2020		61,376,981
Balance, Beginning at Dec. 31, 2020	(176,265)		(532,742)	135,025	1,199	217,254	(179,264)	2,999
Net income	21,601
Currency translation adjustment, net	(28,991)
Pension liability adjustments, net of tax	2,362
Balance, Ending (in shares) at Sep. 30, 2021		62,346,784
Balance, Ending at Sep. 30, 2021	(174,594)		(535,702)	113,037	1,121	243,628	(177,916)	3,322
Balance, Beginning (in shares) at Mar. 31, 2021		61,593,719
Balance, Beginning at Mar. 31, 2021	(164,132)		(533,569)	121,451	1,117	243,006	(167,995)	3,863
Net income				(2,773)			(2,773)
Currency translation adjustment, net						14,287	14,287	143
Temporary Equity, Foreign Currency Translation Adjustments	14,430
Pension liability adjustments, net of tax	692					692	(692)
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax	225					225	225
Stock Issued During Period, Shares, Restricted Stock Award, Gross		578,516
Stock-based compensation	783		787		(4)		783
Issuance of common stock under 401(k) plan		35,526
Issuance of common stock under 401(k) plan	(341)		(341)				(341)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest	(2,426)							347
Balance, Ending (in shares) at Jun. 30, 2021		62,207,761
Balance, Ending at Jun. 30, 2021	(178,177)		(534,697)	124,224	1,121	227,802	(181,550)	3,373
Net income	10,804			11,187			11,187
Currency translation adjustment, net	(16,243)					(16,677)	(16,677)	434
Temporary Equity, Foreign Currency Translation Adjustments	(16,243)
Pension liability adjustments, net of tax	797					797	(797)
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax	54					54	54
Stock Issued During Period, Shares, Restricted Stock Award, Gross		97,439
Stock-based compensation	650		650				650
Issuance of common stock under 401(k) plan		41,584
Issuance of common stock under 401(k) plan	(355)		(355)				(355)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest	10,804							(383)
Balance, Ending (in shares) at Sep. 30, 2021		62,346,784
Balance, Ending at Sep. 30, 2021	(174,594)		(535,702)	113,037	1,121	243,628	(177,916)	3,322
Balance, Beginning (in shares) at Dec. 31, 2021		66,411,784
Balance, Beginning at Dec. 31, 2021	(227,172)		(562,340)	85,439	1,121	246,480	(229,300)	2,128
Net income				23,922			23,922
Currency translation adjustment, net						18,457	18,457	(1,182)
Temporary Equity, Foreign Currency Translation Adjustments	17,275
Pension liability adjustments, net of tax	544					(544)	(544)
Derivative, Gain on Derivative	303					303	303
Stock Issued During Period, Shares, Restricted Stock Award, Gross		212,440
Stock-based compensation	488		(851)		1,339		488
Issuance of common stock under 401(k) plan		32,609
Issuance of common stock under 401(k) plan	(360)		(360)				(360)
Treasury Stock, Value, Acquired, Par Value Method	$ (25,000)				(25,000)		(25,000)
Stock Repurchased During Period, Shares		(4,032,259)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest								656
Balance, Ending (in shares) at Mar. 31, 2022	62,624,574
Balance, Ending at Mar. 31, 2022	$ (245,720)		(561,849)	61,517	24,782	227,176	(248,374)	2,654
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	24,578
Balance, Beginning (in shares) at Dec. 31, 2021		66,411,784
Balance, Beginning at Dec. 31, 2021	(227,172)		(562,340)	85,439	1,121	246,480	(229,300)	2,128
Net income	136,212
Currency translation adjustment, net	(23,778)
Pension liability adjustments, net of tax	$ 1,216
Balance, Ending (in shares) at Sep. 30, 2022	62,804,660
Balance, Ending at Sep. 30, 2022	$ (320,987)		(564,181)	(48,823)	23,662	273,579	(315,763)	(5,224)
Balance, Beginning (in shares) at Mar. 31, 2022	62,624,574
Balance, Beginning at Mar. 31, 2022	$ (245,720)		(561,849)	61,517	24,782	227,176	(248,374)	2,654
Net income				67,171			67,171
Currency translation adjustment, net						(18,765)	(18,765)	7,229
Temporary Equity, Foreign Currency Translation Adjustments	(11,536)
Pension liability adjustments, net of tax	431					(431)	(431)
Derivative, Gain on Derivative	275					275	275
Stock Issued During Period, Shares, Restricted Stock Award, Gross		122,351
Stock-based compensation	1,456		695		761		1,456
Issuance of common stock under 401(k) plan		27,852
Issuance of common stock under 401(k) plan	$ (403)		(230)		(173)		(403)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest								1,750
Balance, Ending (in shares) at Jun. 30, 2022	62,774,777
Balance, Ending at Jun. 30, 2022	$ (305,670)		(562,774)	(5,654)	23,848	245,235	(299,345)	(6,325)
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	68,921
Net income	42,713			43,169			43,169
Currency translation adjustment, net	(29,517)					(28,872)	(28,872)	(645)
Temporary Equity, Foreign Currency Translation Adjustments	(29,517)
Pension liability adjustments, net of tax	241					(241)	(241)
Derivative, Gain on Derivative	287					287	287
Stock-based compensation	1,169		1,169				1,169
Issuance of common stock under 401(k) plan		29,883
Issuance of common stock under 401(k) plan	$ (424)		(238)		(186)		(424)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest								(456)
Balance, Ending (in shares) at Sep. 30, 2022	62,804,660
Balance, Ending at Sep. 30, 2022	$ (320,987)		$ (564,181)	$ (48,823)	$ 23,662	$ 273,579	$ (315,763)	$ (5,224)
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	$ 42,713

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net income	$ 136,212	$ 21,601
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Depreciation and amortization	32,283	36,345
Gain (Loss) on Disposition of Business	(10,890)	0
Deferred income tax provision	(1,631)	(743)
Deferred Income Taxes and Tax Credits	(32,043)	0
Unrealized Gain (Loss) on Investments	(256)	(569)
Gain (Loss) on Repurchase of Debt Instrument	0	16,020
Stock-based compensation	3,113	2,029
Issuance of stock under 401(k) plan	1,186	1,036
Foreign currency gain	(4,176)	(12,042)
(Increase) decrease in assets:
Accounts receivable	(43,499)	(75,456)
Inventories	(44,180)	(89,496)
Prepaid and other current assets	6,361	(14,249)
Other assets	(4,352)	3,175
Increase (decrease) in liabilities:
Accounts payable	(9,516)	92,384
Other current liabilities	49,885	24,207
Other liabilities	1,963	(6,532)
Net cash provided by (used for) operating activities	102,240	(2,290)
Cash flows from investing activities:
Capital expenditures	(32,755)	(24,250)
Payments for (Proceeds from) Investments	(9,293)	0
Proceeds from Sales of Assets, Investing Activities	680	1,139
Net cash used for investing activities	(22,782)	(23,111)
Cash flows from financing activities:
Proceeds from borrowings	88,907	482,293
Early Repayment of Senior Debt	0	(413,000)
Payments for Repurchase of Common Stock	(25,000)	0
Payment on debt	(120,728)	(59,949)
Proceeds from (Payments for) Other Financing Activities	(720)	(2,069)
Net cash (used for) provided by financing activities	(57,541)	7,275
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations	(3,444)	(4,665)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	18,473	(22,791)
Cash and cash equivalents, beginning of period	98,108	117,431
Cash and cash equivalents, end of period	116,581	94,640
Supplemental information:
Interest paid	16,813	15,035
Income taxes paid, net of refunds received	$ 27,723	$ 10,766

ACCOUNTING POLICIES

ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
ACCOUNTING POLICIES	BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The accompanying unaudited condensed consolidated interim financial statements include the accounts of Titan International, Inc. and its subsidiaries (Titan or the Company) and have been prepared in accordance with accounting principles generally accepted in the United States of America (US GAAP) for interim financial information and in accordance with the rules and regulations of the United States Securities and Exchange Commission (the SEC). Accordingly, they do not include all of the information and footnotes required by US GAAP for complete financial statements. The accompanying unaudited condensed consolidated interim financial statements reflect all normal and recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the Company's financial position and the results of operations and cash flows for the periods presented, and should be read in conjunction with the consolidated financial statements and the related notes thereto included in the Company’s latest Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 3, 2022 (the 2021 Form 10-K). All significant intercompany transactions have been eliminated in consolidation. These unaudited condensed consolidated interim financial statements include estimates and assumptions of management that affect the amounts reported in the condensed consolidated financial statements. Actual results could differ from these estimates. COVID-19 pandemic The COVID-19 pandemic impact on the Company was less during the first three quarters of 2022 than in the comparable period in 2021. The Company’s operations continued with additional sanitary and other protective health measures which have increased operating costs. While the Company's operations began to return to historical levels during 2021 and continuing into the first three quarters of 2022, certain geographies (particularly China) continue to remain impacted due to new and emerging variants of COVID-19 resulting in employee absenteeism. Further, global supply chains are experiencing constraints following the COVID-19 pandemic, including availability and pricing of raw materials, transportation and labor. We expect that the post COVID-19 pandemic will continue to have some impact on the Company's operations, though the nature and extent of the impact will depend on the duration and severity of emerging variants of COVID-19. Fair value of financial instruments The Company records all financial instruments, including cash and cash equivalents, accounts receivable, notes receivable, accounts payable, other accruals, and notes payable at cost, which approximates fair value due to their short term or stated rates. Investments in marketable equity securities are recorded at fair value. Our 7.00% senior secured notes due 2028 were carried at a cost of $395.2 million at September 30, 2022. The fair value of the senior secured notes due 2028 at September 30, 2022, as obtained through an independent pricing source, was approximately $362.8 million. Russia-Ukraine Military Conflict In February 2022, in response to the military conflict between Russia and Ukraine, the United States, other North Atlantic Treaty Organization member states, as well as non-member states, have announced targeted economic sanctions on Russia, certain Russian citizens and enterprises. The continuation of the conflict has triggered additional economic and other sanctions enacted by the United States and other countries throughout the world. The Company currently owns 64.3% of the Voltyre-Prom, a leading producer of agricultural and industrial tires in Volgograd, Russia, which represents approximately 8% and 7% of consolidated assets of Titan as of September 30, 2022 and December 31, 2021, respectively. The asset increase in the Russian entity was due to foreign currency translation. The Russian operations represent approximately 5% of consolidated global sales for both the three months ended September 30, 2022 and 2021 while representing 6% and 5% of consolidated global sales for the nine months ended September 30, 2022 and 2021, respectively. The impact of the military conflict between Russia and Ukraine has not had a significant impact on global operations. The Company continues to monitor the potential impacts on the business including the increased cost of energy in Europe and the ancillary impacts that the military conflict could have on other global operations. Sale of Australian wheel business On March 29, 2022, the Company entered into a definitive agreement (the Agreement) for the sale of its Australian wheel business, to OTR Tyres, a leading Australian tire, wheel and service provider. The closing date of the transaction was March 31, 2022. The Agreement contains customary representations, warranties and covenants for transactions of this type. The sale included gross proceeds and cash repatriated of approximately $17.5 million, and the assumption by OTR Tyres of all liabilities, including employee and lease obligations. Refer to footnote 13 for additional information on the loss on sale of the Australian wheel business. Interest Paid Revision An error was identified in the disclosure of interest paid within the supplemental information of the condensed consolidated statements of cash flow for the nine months ended September 30, 2021. We evaluated the revision in accordance with Accounting Standards Codification (ASC) 250, Accounting Changes and Error Corrections and evaluated the materiality of the revision on prior periods' financial statements in accordance with the Securities and Exchange Commission Staff Accounting Bulletin No. 108, Quantifying Financial Statement Errors. We concluded that the revision was not material to any prior period and therefore, amendments of previously filed reports are not required. In accordance with ASC 250, we have corrected the error in the prior period presented. The revision did not have an impact on net income or earnings per share data for the year ended December 31, 2021. Adoption of new accounting standards In November 2021, the FASB issued ASU No. 2021-10 Government Assistance (Topic 832), which requires annual disclosures of transactions with a government that are accounted for by applying a grant or contribution accounting model by analogy. These required disclosures include information on the nature of transactions and related accounting policies used to account for transactions, detail on the line items on the balance sheet and income statement affected by these transactions including amounts applicable to each line, and significant terms and conditions of the transactions including commitments and contingencies. The ASU is effective for fiscal years beginning after December 15, 2021. The Company receives various forms of government assistance, primarily through grants associated with continued infrastructure development in certain foreign locations. The Company adopted the impact of this ASU effective January 1, 2022 and incorporated the required disclosures within the notes to condensed consolidated financial statements. The adoption did not have a material impact on our condensed consolidated financial statements.

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
ACCOUNTS RECEIVABLE	ACCOUNTS RECEIVABLE, NET Accounts receivable consisted of the following (amounts in thousands): September 30, December 31, Accounts receivable $ 289,600 $ 259,730 Allowance for doubtful accounts (7,455) (4,550) Accounts receivable, net $ 282,145 $ 255,180

INVENTORIES

INVENTORIES	9 Months Ended
	Sep. 30, 2022
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	INVENTORIES Inventories consisted of the following (amounts in thousands): September 30, December 31, Raw material $ 138,907 $ 135,241 Work-in-process 46,245 44,694 Finished goods 227,815 212,680 $ 412,967 $ 392,615

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	9 Months Ended
	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, net consisted of the following (amounts in thousands): September 30, December 31, Land and improvements $ 37,996 $ 41,010 Buildings and improvements 230,389 236,367 Machinery and equipment 584,861 578,816 Tools, dies and molds 111,162 111,169 Construction-in-process 29,936 20,288 994,344 987,650 Less accumulated depreciation (706,726) (686,541) $ 287,618 $ 301,109 Depreciation on property, plant and equipment for the nine months ended September 30, 2022 and 2021 totaled $31.3 million and $35.1 million, respectively.

INTANGIBLE ASSETS

INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets Disclosure [Text Block]	INTANGIBLE ASSETS, NET The components of intangible assets, net consisted of the following (amounts in thousands): Weighted Average Useful Lives September 30, December 31, Amortizable intangible assets: Patents, trademarks and other 10.77 $ 10,084 $ 10,084 Less accumulated amortization (8,699) (8,586) $ 1,385 $ 1,498 Amortization related to intangible assets for the nine months ended September 30, 2022 and 2021 totaled $0.3 million and $0.6 million, respectively. Intangible assets are included as a component of other long-term assets in the Condensed Consolidated Balance Sheets. The estimated aggregate amortization expense at September 30, 2022 for each of the years (or other periods) set forth below was as follows (amounts in thousands): October 1 - December 31, 2022 $ 32 2023 145 2024 132 2025 123 2026 123 Thereafter 830 $ 1,385

WARRANTY

WARRANTY	9 Months Ended
	Sep. 30, 2022
Product Warranties Disclosures [Abstract]
WARRANTY COSTS	WARRANTY Changes in the warranty liability during the nine months ended September 30, 2022 and 2021, respectively, consisted of the following (amounts in thousands): 2022 2021 Warranty liability at beginning of the period $ 16,628 $ 15,040 Provision for warranty liabilities 11,297 7,397 Warranty payments made (8,419) (6,039) Warranty liability at end of the period $ 19,506 $ 16,398 Warranty accruals are included as a component of other current liabilities on the Condensed Consolidated Balance Sheets.

REVOLVING CREDIT FACILITY AND L

REVOLVING CREDIT FACILITY AND LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
REVOLVING CREDIT FACILITY AND LONG-TERM DEBT	DEBT Long-term debt consisted of the following (amounts in thousands): September 30, 2022 Principal Balance Unamortized Debt Issuance Net Carrying Amount 7.00% senior secured notes due 2028 $ 400,000 $ (4,818) $ 395,182 Titan Europe credit facilities 38,287 — 38,287 Other debt 13,397 — 13,397 Total debt 451,684 (4,818) 446,866 Less amounts due within one year 32,300 — 32,300 Total long-term debt $ 419,384 $ (4,818) $ 414,566 December 31, 2021 Principal Balance Unamortized Debt Issuance Net Carrying Amount 7.00% senior secured notes due 2028 $ 400,000 $ (5,476) $ 394,524 Titan Europe credit facilities 44,993 — 44,993 Revolving credit facility 30,000 — 30,000 Other debt 15,434 — 15,434 Total debt 490,427 (5,476) 484,951 Less amounts due within one year 32,500 — 32,500 Total long-term debt $ 457,927 $ (5,476) $ 452,451 Aggregate principal maturities of long-term debt at September 30, 2022 for each of the years (or other periods) set forth below were as follows (amounts in thousands): October 1 - December 31, 2022 $ 13,847 2023 20,903 2024 6,733 2025 2,838 2026 2,190 Thereafter 405,173 $ 451,684 7.00% senior secured notes due 2028 On April 22, 2021, the Company issued $400.0 million aggregate principal amount of 7.00% senior secured notes due April 2028 (the senior secured notes due 2028), guaranteed by certain of the Company's subsidiaries. Including the impact of debt issuance costs, these notes had an effective yield of 7.27% at issuance. These notes are secured by the land and buildings of the following subsidiaries of the Company: Titan Wheel Corporation of Illinois, Titan Tire Corporation, Titan Tire Corporation of Freeport, and Titan Tire Corporation of Bryan. The Company is subject to certain covenants associated with the senior secured notes due 2028 and remained in compliance with these debt covenants at September 30, 2022. Titan Europe credit facilities The Titan Europe credit facilities include borrowings from various institutions totaling $38.3 million in aggregate principal amount at September 30, 2022. Maturity dates on this debt range from less than one year to five years. Revolving credit facility The Company has a $125 million revolving credit facility with BMO Harris Bank N.A., as agent, and other financial institutions party thereto. The credit facility is collateralized by accounts receivable and inventory of certain of the Company’s domestic subsidiaries and is scheduled to mature in October 2026. The credit facility can be expanded by up to $50 million through an accordion provision within the agreement. From time to time Titan's availability under this credit facility may be less than $125 million as a result of outstanding letters of credit and eligible accounts receivable and inventory balances at certain of its domestic subsidiaries. At September 30, 2022, under the Company's $125 million credit facility there were no borrowings and $7.2 million in outstanding letters of credit, and the amount available for borrowing totaled $117.8 million. Other debt The Company has working capital loans at Titan Pneus do Brasil Ltda and Voltyre-Prom at various interest rates, which totaled $10.1 million and $3.3 million at September 30, 2022, respectively. Maturity dates on these loans are one year or less. The Company expects to negotiate an extension of the maturity dates on these loans with the respective financial institutions, as needed.

REDEEMABLE NONCONTROLLING INTER

REDEEMABLE NONCONTROLLING INTEREST (Notes)	9 Months Ended
	Sep. 30, 2022
Noncontrolling Interest [Abstract]
Noncontrolling Interest Disclosure [Text Block]	REDEEMABLE NONCONTROLLING INTEREST The Company and the Russian Direct Investment Fund (RDIF) own all of the equity interests in Voltyre-Prom, a leading producer of agricultural and industrial tires in Volgograd, Russia. On February 11, 2019, the Company entered into a definitive agreement (the Agreement) with an affiliate of the RDIF relating to the put option included in the Voltyre-Prom Shareholders' Agreement that was exercised by RDIF. Under the terms of the Agreement, in full satisfaction of the settlement put option that was exercised by RDIF, Titan paid $25 million in cash to RDIF at the closing of the transaction, and agreed, subject to the completion of regulatory approval, to issue 4,032,259 shares of restricted Titan common stock to RDIF in a private placement. In November 2021, Titan received regulatory approval for the issuance of restricted Titan common stock to RDIF. On December 17, 2021, the Company issued 4,032,259 shares of restricted Titan common stock to the RDIF equity holders subject to the Company's right to repurchase the shares for $25 million until February 12, 2022. On February 1, 2022, the Company entered into a Stock Purchase Agreement with the RDIF equity holders to buy back the restricted Titan common stock for the previously agreed amount of $25 million. The transaction was completed on February 1, 2022. Following the transaction, the Company and RDIF's ownership remained at 64.3% and 35.7%, respectively, of Voltyre-Prom.

LEASE COMMITMENTS (Notes)

LEASE COMMITMENTS (Notes)	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Lessee, Operating Leases [Text Block]	LEASES The Company leases certain buildings and equipment under both operating and finance leases. Certain lease agreements provide for renewal options, fair value purchase options, and payment of property taxes, maintenance, and insurance by the Company. Under FASB Accounting Standards Codification Topic 842 "Leases," the Company made an accounting policy election, by class of underlying asset, not to separate non-lease components such as those previously stated from lease components and instead will treat the lease agreement as a single lease component for all asset classes. Operating right-of-use (ROU) assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent Titan's obligations to make lease payments arising from the lease. The majority of Titan's leases are operating leases. Operating lease ROU assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. As most of Titan's leases do not provide an implicit interest rate, the Company used its incremental borrowing rate (7.27%), based on the information available at the lease commencement date, in determining the present value of lease payments. Operating lease expense is recognized on a straight-line basis over the lease term and is included in cost of sales and selling, general and administrative expenses on the Condensed Consolidated Statements of Operations. Amortization expense associated with finance leases is included in cost of sales and selling, general and administrative expenses, and interest expense associated with finance leases is included in interest expense in the Condensed Consolidated Statements of Operations. Supplemental balance sheet information related to leases was as follows (amounts in thousands): Balance Sheet Classification September 30, 2022 December 31, 2021 Operating lease ROU assets Operating lease assets $ 9,528 $ 20,945 Operating lease current liabilities Other current liabilities $ 4,462 $ 6,180 Operating lease long-term liabilities Other long-term liabilities 2,825 11,352 Total operating lease liabilities $ 7,287 $ 17,532 Finance lease, gross Property, plant & equipment, net $ 6,920 $ 5,305 Finance lease accumulated depreciation Property, plant & equipment, net (3,446) (2,801) Finance lease, net $ 3,474 $ 2,504 Finance lease current liabilities Other current liabilities $ 2,507 $ 2,384 Finance lease long-term liabilities Other long-term liabilities 3,413 3,878 Total finance lease liabilities $ 5,920 $ 6,262 At September 30, 2022, maturities of lease liabilities were as follows (amounts in thousands): Operating Leases Finance Leases October 1 - December 31, 2022 $ 1,750 $ 1,030 2023 4,054 2,527 2024 1,597 1,472 2025 475 896 2026 263 553 Thereafter 496 5 Total lease payments $ 8,635 $ 6,483 Less imputed interest 1,348 563 $ 7,287 $ 5,920 Weighted average remaining lease term (in years) 2.48 2.71
Lessee, Finance Leases [Text Block]	LEASES The Company leases certain buildings and equipment under both operating and finance leases. Certain lease agreements provide for renewal options, fair value purchase options, and payment of property taxes, maintenance, and insurance by the Company. Under FASB Accounting Standards Codification Topic 842 "Leases," the Company made an accounting policy election, by class of underlying asset, not to separate non-lease components such as those previously stated from lease components and instead will treat the lease agreement as a single lease component for all asset classes. Operating right-of-use (ROU) assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent Titan's obligations to make lease payments arising from the lease. The majority of Titan's leases are operating leases. Operating lease ROU assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. As most of Titan's leases do not provide an implicit interest rate, the Company used its incremental borrowing rate (7.27%), based on the information available at the lease commencement date, in determining the present value of lease payments. Operating lease expense is recognized on a straight-line basis over the lease term and is included in cost of sales and selling, general and administrative expenses on the Condensed Consolidated Statements of Operations. Amortization expense associated with finance leases is included in cost of sales and selling, general and administrative expenses, and interest expense associated with finance leases is included in interest expense in the Condensed Consolidated Statements of Operations. Supplemental balance sheet information related to leases was as follows (amounts in thousands): Balance Sheet Classification September 30, 2022 December 31, 2021 Operating lease ROU assets Operating lease assets $ 9,528 $ 20,945 Operating lease current liabilities Other current liabilities $ 4,462 $ 6,180 Operating lease long-term liabilities Other long-term liabilities 2,825 11,352 Total operating lease liabilities $ 7,287 $ 17,532 Finance lease, gross Property, plant & equipment, net $ 6,920 $ 5,305 Finance lease accumulated depreciation Property, plant & equipment, net (3,446) (2,801) Finance lease, net $ 3,474 $ 2,504 Finance lease current liabilities Other current liabilities $ 2,507 $ 2,384 Finance lease long-term liabilities Other long-term liabilities 3,413 3,878 Total finance lease liabilities $ 5,920 $ 6,262 At September 30, 2022, maturities of lease liabilities were as follows (amounts in thousands): Operating Leases Finance Leases October 1 - December 31, 2022 $ 1,750 $ 1,030 2023 4,054 2,527 2024 1,597 1,472 2025 475 896 2026 263 553 Thereafter 496 5 Total lease payments $ 8,635 $ 6,483 Less imputed interest 1,348 563 $ 7,287 $ 5,920 Weighted average remaining lease term (in years) 2.48 2.71

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	9 Months Ended
	Sep. 30, 2022
Retirement Benefits [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	EMPLOYEE BENEFIT PLANS The Company has three frozen defined benefit pension plans covering certain employees or former employees of three U.S. subsidiaries. The Company also has pension plans covering certain employees of several foreign subsidiaries. The Company also sponsors a number of defined contribution plans in the U.S. and at foreign subsidiaries. The Company contributed approximately $0.4 million to the pension plans during the nine months ended September 30, 2022 and no amounts are expected to be contributed to the pension plans during the remainder of 2022. The components of net periodic pension (benefit) cost consisted of the following for the periods set forth below (amounts in thousands): Three months ended Nine months ended September 30, September 30, 2022 2021 2022 2021 Service cost $ 43 $ 168 $ 1,215 $ 506 Interest cost 714 702 2,148 2,115 Expected return on assets (1,518) (1,505) (4,554) (4,519) Amortization of unrecognized prior service cost (15) (14) (47) (46) Amortization of net unrecognized (gain) loss (5) 697 (18) 2,090 Net periodic pension (benefit) cost $ (781) $ 48 $ (1,256) $ 146 Service cost is recorded as cost of sales in the Condensed Consolidated Statements of Operations while all other components are recorded in other income. The change in the net periodic pension (benefit) cost from 2021 to 2022 is due to the disposal of the Australian wheel business.

VARIABLE INTEREST ENTITIES (Not

VARIABLE INTEREST ENTITIES (Notes)	9 Months Ended
	Sep. 30, 2022
Variable Interest Entity, Measure of Activity [Abstract]
Variable Interest Entities Disclosure [Text Block]	VARIABLE INTEREST ENTITIESThe Company holds a variable interest in two joint ventures for which the Titan is the primary beneficiary. One of these joint ventures operate distribution facilities that primarily distribute mining products. Titan is the 50% owner of the distribution facility located in Canada. Titan is also a 50% owner of a manufacturer of undercarriage components and complete track systems for earthmoving machines in India. The Company’s variable interests in these joint ventures relate to sales of Titan products to these entities, consigned inventory, and working capital loans. As the primary beneficiary of these variable interest entities (VIEs), the VIEs’ assets, liabilities, and results of operations are included in the Company’s condensed consolidated financial statements. The other equity holders’ interests are reflected in “Net loss (income) attributable to noncontrolling interests” in the Condensed Consolidated Statements of Operations and “Noncontrolling interests” in the Condensed Consolidated Balance Sheets. The following table summarizes the carrying amount of the VIEs’ assets and liabilities included in the Company’s Condensed Consolidated Balance Sheets (amounts in thousands): September 30, December 31, 2021 Cash and cash equivalents $ 1,473 $ 714 Inventory 2,569 2,459 Other current assets 4,714 5,135 Property, plant and equipment, net 4,602 3,414 Other non-current assets 481 626 Total assets $ 13,839 $ 12,348 Current liabilities $ 2,272 $ 1,687 Other long-term liabilities 1,187 669 Total liabilities $ 3,459 $ 2,356 All assets in the above table can only be used to settle obligations of the consolidated VIE to which the respective assets relate. Liabilities are nonrecourse obligations. Amounts presented in the table above are adjusted for intercompany eliminations. The Company holds variable interests in certain VIEs that are not consolidated because Titan is not the primary beneficiary. The Company's involvement with these entities is in the form of direct equity interests and prepayments related to purchases of materials. The maximum exposure to loss represents the loss of assets recognized by Titan relating to non-consolidated entities and amounts due to the non-consolidated assets. The assets and liabilities recognized in Titan's Condensed Consolidated Balance Sheets related to Titan's interest in these non-consolidated VIEs and the Company's maximum exposure to loss relating to non-consolidated VIEs as of the dates set forth below were as follows (amounts in thousands): September 30, 2022 December 31, 2021 Investments $ 6,316 $ 6,402 Total VIE assets 6,316 6,402 Accounts payable 2,762 4,296 Maximum exposure to loss $ 9,078 $ 10,698

ROYALTY EXPENSE

ROYALTY EXPENSE	9 Months Ended
	Sep. 30, 2022
Other Income and Expenses [Abstract]
ROYALTY EXPENSE	ROYALTY EXPENSEThe Company has trademark license agreements with The Goodyear Tire & Rubber Company to manufacture and sell certain farm tires under the Goodyear brand. These agreements cover sales in North America, Latin America, Europe, the Middle East, Africa, Russia, and other Commonwealth of Independent States countries. Each of these agreements is scheduled to expire in 2025. Royalty expenses were $3.3 million and $2.8 million for the three months ended September 30, 2022 and 2021, respectively, and $9.2 million and $7.9 million for the nine months ended September 30, 2022 and 2021, respectively.

OTHER INCOME

OTHER INCOME	9 Months Ended
	Sep. 30, 2022
Other Income and Expenses [Abstract]
OTHER INCOME, NET	OTHER INCOME Other income consisted of the following (amounts in thousands): Three months ended Nine months ended September 30, September 30, 2022 2021 2022 2021 Income on indirect taxes (1) $ 9,593 $ — $ 32,043 $ — Loss on sale of Australian wheel business (2) — — (10,890) — Proceeds from government grant (3) — — 1,324 — Gain on legal settlement (4) — — — 1,750 Equity investment income — 273 570 397 Gain on sale of assets 74 132 256 297 Other income (expense) 24 243 1,223 (932) $ 9,691 $ 648 $ 24,526 $ 1,512 (1) In May 2022 and September 2022, the Brazilian tax authorities approved indirect tax credits to be applied against future tax obligations. Refer to Footnote 14 for additional information. (2) The loss on sale of the Australian wheel business is comprised primarily of the release of the cumulative translation adjustment of approximately $10.0 million and closing costs associated with the completion of the transaction of approximately $0.9 million. Refer to Footnote 1 for additional information. (3) In August 2014, the Company received an approximately $17.0 million capital grant from the Italian government for asset damages related to the earthquake that occurred in May 2012 at one of our Italian subsidiaries. The grant was recorded as deferred income in non-current liabilities which is being amortized over the life of the reconstructed building. The Company received proceeds of an additional $1.9 million from the grant during the nine months ended September 30, 2022, of which $1.3 million was recorded as other income to match to the historical depreciation recorded on the underlying assets. (4) The gain on legal settlement relates to proceeds received from a steel supplier for the nine months ended September 30, 2021.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company recorded income tax expense of $11.4 million and $5.3 million for the three months ended September 30, 2022 and 2021, respectively. For the nine months ended September 30, 2022 and 2021, the Company recorded income tax expense of $39.1 million and $9.9 million, respectively. The Company's effective income tax rate was 21.1% and 33.1% for the three months ended September 30, 2022 and 2021, respectively, and 22.3% and 31.5% for the nine months ended September 30, 2022 and 2021. For the nine months ended September 30, 2022 and 2021, the income tax expense each period differed due to an overall pre-tax income increase which resulted in the significant fluctuation in the effective tax rate. The year-to-date increase in income tax expense for the nine months ended September 30, 2022 is due to improved profitability in foreign jurisdictions. The Company’s 2022 and 2021 income tax expense and rates differed from the amount of income tax determined by applying the U.S. Federal income tax rate to pre-tax income primarily as a result of U.S. and certain foreign jurisdictions that have a full valuation allowance on deferred tax assets. In addition, there were non-deductible royalty expenses and statutorily required income adjustments made in certain foreign jurisdictions that negatively impacted the tax rate for the nine months ended September 30, 2022 and 2021. The Company continues to monitor the realization of its deferred tax assets and assesses the need for a valuation allowance. The Company analyzes available positive and negative evidence to determine if a valuation allowance is needed based on the weight of the evidence. This objectively verifiable evidence primarily includes the past three years' profit and loss positions. This process requires management to make estimates, assumptions, and judgments that are uncertain in nature. The Company has established valuation allowances with respect to deferred tax assets in the U.S. and certain foreign jurisdictions and continues to monitor and assess potential valuation allowances in all its jurisdictions. Given the Company’s recent history of earnings, management believes that there is a reasonable possibility that, within the next twelve months, sufficient positive evidence may become available to allow management to anticipate the reversal of valuation allowance recorded against the US deferred tax assets. The reversal would result in an income tax benefit for the quarterly and annual fiscal period in which the Company releases the valuation allowance. However, the exact timing and amount of the valuation allowance release are subject to change on the basis of the level of profitability that the Company actually achieves. On August 16, 2022, the U.S. government enacted the Inflation Reduction Act of 2022 that includes, among other provisions, changes to the U.S. corporate income tax system, including a fifteen percent minimum tax based on "adjusted financial statement income," which is effective for tax years beginning after December 31, 2022, and a one percent excise tax on net repurchases of stock after December 31, 2022. Titan is continuing to evaluate the Inflation Reduction Act and its requirements, as well as the application to our business, but at this time does not expect the Inflation Reduction Act to have a material impact on our financial results. The Company recorded income tax and other taxes payable of $30.9 million and $9.3 million as of September 30, 2022 and December 31, 2021, which are included in the other current liabilities line of the condensed consolidated balance sheets. The change in the balance is primarily due to accruals associated with the taxable income for the Brazilian indirect tax credits received and the overall increase in profitability for the Company. Brazilian Tax Credits In June 2021, the Company’s Brazilian subsidiaries received a notice that they had prevailed on an existing legal claim in regards to certain non-income (indirect) taxes that had been previously charged and paid. The matter specifically relates to companies’ rights to exclude the state tax on goods circulation (a value-added-tax or VAT equivalent, known in Brazil as “ICMS”) from the calculation of certain additional indirect taxes (specifically the program of social integration (“PIS”) and contribution for financing of social security (“COFINS”) levied by the Brazilian States on the sale of goods. During the second and third quarter of 2022, the Company submitted the related supporting documentation and received the approval from the Brazilian tax authorities for two of its Brazilian subsidiaries. For the three and nine months ended September 30, 2022, the Company recorded $9.5 million and $32.0 million within other income in the condensed consolidated statements of operations. The Company also recorded $1.6 million and $9.4 million of income tax expense associated with the recognition of these indirect tax credits for the three and nine months ended September 30, 2022. The Company expects to be able to apply the tax credits received to settle the income tax liability that was incurred as a result of the credit. The Company also expects to utilize the majority of the credit against future PIS/COFINS and income tax obligations over the next twelve months. For the nine month period ended September 30, 2022, the company has utilized approximately $10.0 million of the tax credits, which is included within income taxes paid of $27.7 million on the supplemental information of the condensed consolidated statement of cash flow. Excluding the utilization of $10.0 million of tax credits, the company paid approximately $17.7 million of income taxes for the nine month period ended September 30, 2022.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Earnings per share (EPS) were as follows (amounts in thousands, except per share data): Three months ended Nine months ended September 30, September 30, 2022 2021 2022 2021 Net income attributable to Titan and applicable to common shareholders $ 43,169 $ 11,187 $ 134,262 $ 21,988 Determination of shares: Weighted average shares outstanding (basic) 62,803 62,340 63,107 61,844 Effect of equity awards 426 261 480 679 Weighted average shares outstanding (diluted) 63,229 62,601 63,587 62,523 Income per common share: Basic $ 0.69 $ 0.18 $ 2.13 $ 0.36 Diluted $ 0.68 $ 0.18 $ 2.11 $ 0.35

LITIGATION

LITIGATION	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
LITIGATION	LITIGATIONThe Company is a party to routine legal proceedings arising out of the normal course of business. Due to the difficult nature of predicting unresolved and future legal claims, the Company cannot anticipate or predict the material adverse effect on its consolidated financial condition, results of operations, or cash flows as a result of efforts to comply with, or liabilities pertaining to, legal judgments. In the opinion of management, the Company is not currently involved in any legal proceedings which, individually or in the aggregate, could have a material effect on its financial position, results of operations, or cash flows.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Segment information	SEGMENT INFORMATION The Company has aggregated its operating units into reportable segments based on its three customer markets: agricultural, earthmoving/construction, and consumer. Each reportable segment includes wheels, tires, wheel/tire assemblies, and undercarriage systems and components. These segments are based on the information used by the Chief Executive Officer to make certain operating decisions, allocate portions of capital expenditures, and assess segment performance. Segment external sales, expenses, and income from operations are determined based on the results of operations for the operating units of the Company's manufacturing facilities. Segment assets are generally determined on the basis of the tangible assets located at such operating units’ manufacturing facilities and the intangible assets associated with the acquisitions of such operating units. However, certain operating units’ property, plant and equipment balances are carried at the corporate level. The table below presents information about certain operating results, separated by market segments, for the three and nine months ended September 30, 2022 and 2021 (amounts in thousands): Three months ended Nine months ended September 30, September 30, 2022 2021 2022 2021 Net sales Agricultural $ 289,259 $ 244,373 $ 917,443 $ 684,636 Earthmoving/construction 199,921 168,408 611,550 509,930 Consumer 41,542 37,601 130,621 97,973 $ 530,722 $ 450,382 $ 1,659,614 $ 1,292,539 Gross profit Agricultural $ 45,949 $ 33,214 $ 155,794 $ 98,294 Earthmoving/construction 34,959 21,263 102,651 63,333 Consumer 6,725 5,815 25,570 13,400 $ 87,633 $ 60,292 $ 284,015 $ 175,027 Income from operations Agricultural $ 31,125 $ 18,156 $ 106,126 $ 54,228 Earthmoving/construction 21,836 7,913 59,952 20,950 Consumer 4,856 3,519 18,976 7,067 Corporate & Unallocated (7,326) (6,688) (20,154) (21,395) Income from operations 50,491 22,900 164,900 60,850 Interest expense (7,221) (7,818) (22,835) (23,939) Loss on senior note repurchase — — — (16,020) Foreign exchange gain 1,198 416 8,749 9,125 Other income 9,691 648 24,526 1,512 Income before income taxes $ 54,159 $ 16,146 $ 175,340 $ 31,528 Assets by segment were as follows as of the dates set forth below (amounts in thousands): September 30, December 31, Total assets Agricultural $ 553,326 $ 517,528 Earthmoving/construction 514,296 502,373 Consumer 137,967 133,906 Corporate & Unallocated 41,890 28,878 $ 1,247,479 $ 1,182,685

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	RELATED PARTY TRANSACTIONSThe Company sells products and pays commissions to companies controlled by persons related to the Chairman of the Board of Directors of the Company, Mr. Maurice Taylor. The related party is Mr. Fred Taylor, who was Mr. Maurice Taylor’s brother. Mr. Fred Taylor passed away on December 13, 2021. The companies with which Mr. Fred Taylor is associated that do business with Titan include the following: Blacksmith OTR, LLC; F.B.T. Enterprises, Inc.; Green Carbon, Inc.; Silverstone, Inc.; and OTR Wheel Engineering, Inc. Sales of Titan products to these companies were approximately $1.2 million and $3.5 million for the three and nine months ended September 30, 2022, and approximately $0.7 million and $2.0 million for the three and nine months ended September 30, 2021. Titan had purchases from these companies of approximately $0.5 million and $1.0 million for the three and nine months ended September 30, 2022, and approximately $0.1 million and $1.0 million for the three and nine months ended September 30, 2021. Titan had trade receivables due from these companies of approximately $0.4 million at September 30, 2022, and approximately $0.2 million at December 31, 2021.  Sales commissions accrued to the above companies were approximately $0.4 million and $1.3 million for the three and nine months ended September 30, 2022 as compared to $0.5 million and $1.5 million paid for the three and nine months ended September 30, 2021.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Notes)	9 Months Ended
	Sep. 30, 2022
Stockholders' Equity Note [Abstract]
Comprehensive Loss Note	ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated other comprehensive loss consisted of the following (amounts in thousands): Currency Gain (Loss) on Unrecognized Total Balance at July 1, 2022 $ (236,367) $ 539 $ (9,407) $ (245,235) Currency translation adjustments, net (28,872) — — (28,872) Defined benefit pension plans: Amortization of unrecognized losses and prior service cost, net of tax of $(107) — — 241 241 Derivative gain — 287 — 287 Balance at September 30, 2022 $ (265,239) $ 826 $ (9,166) $ (273,579) Currency Gain (Loss) on Unrecognized Total Balance at January 1, 2022 $ (236,059) $ (39) $ (10,382) $ (246,480) Currency translation adjustments, net (1) (29,180) — — (29,180) Defined benefit pension plans: Amortization of unrecognized losses and prior service cost, net of tax of $(451) — — 1,216 1,216 Derivative gain — 865 — 865 Balance at September 30, 2022 $ (265,239) $ 826 $ (9,166) $ (273,579) (1) The currency translation adjustments, net includes currency translation on amounts reclassified into other expense within the Condensed Consolidated Statements of Operations of approximately $10 million for the nine months ended September 30, 2022 related to the sale of the Australian wheel business. Refer to Note 13 for additional information. Currency Gain (Loss) on Unrecognized Total Balance at July 1, 2021 $ (206,529) $ (148) $ (21,125) $ (227,802) Currency translation adjustments, net (16,677) — — (16,677) Defined benefit pension plans: Amortization of unrecognized losses and prior service cost, net of tax of $(42) — — 797 797 Derivative gain — 54 — 54 Balance at September 30, 2021 $ (223,206) $ (94) $ (20,328) $ (243,628) Currency Gain (Loss) on Unrecognized Total Balance at January 1, 2021 $ (194,151) $ (413) $ (22,690) $ (217,254) Currency translation adjustments, net (1) (29,055) — — (29,055) Defined benefit pension plans: Amortization of unrecognized losses and prior service cost, net of tax of $(83) — — 2,362 2,362 Derivative gain — 319 — 319 Balance at September 30, 2021 $ (223,206) $ (94) $ (20,328) $ (243,628) (1) The increase in currency translation adjustments for the nine months ended September 30, 2021 was due to foreign currency rate fluctuations, the ongoing initiative to rationalize the Company's legal entity structure, and the ongoing management of the intercompany capital structure during the year.

SUBSIDIARY GUARANTOR FINANCIAL

SUBSIDIARY GUARANTOR FINANCIAL INFORMATION	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed Financial Information of Parent Company Only Disclosure [Text Block]	SUBSIDIARY GUARANTOR FINANCIAL INFORMATION Our senior secured notes due 2028 are guaranteed by the following wholly-owned subsidiaries of the Company: Titan Tire Corporation, Titan Tire Corporation of Bryan, Titan Tire Corporation of Freeport, and Titan Wheel Corporation of Illinois. The note guarantees are the full and unconditional, joint and several obligations of the guarantors. The guarantees of the guarantor subsidiaries are subject to release in limited circumstances upon the occurrence of certain customary conditions. The following condensed consolidating financial statements are presented using the equity method of accounting. Certain sales and marketing expenses recorded by non-guarantor subsidiaries have not been allocated to the guarantor subsidiaries. (Amounts in thousands) Condensed Consolidating Statements of Operations Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 39,472 $ 530,722 $ (39,472) $ 530,722 Cost of sales — 5,177 477,384 (39,472) 443,089 Gross profit — 34,295 53,338 — 87,633 Selling, general and administrative expenses 2,100 12,277 17,033 — 31,410 Research and development expenses 275 817 1,342 — 2,434 Royalty expense — 1,596 1,702 — 3,298 (Loss) income from operations (2,375) 19,605 33,261 — 50,491 Interest (expense) income (7,373) (3) 155 — (7,221) Intercompany interest income (expense) 373 1,102 (1,475) — — Foreign exchange (loss) gain — (155) 1,353 — 1,198 Other (expense) income (22) 528 9,185 — 9,691 (Loss) income before income taxes (9,397) 21,077 42,479 — 54,159 Provision for income taxes 941 50 10,455 — 11,446 Equity in earnings (loss) of subsidiaries 54,403 — 17,700 (72,103) — Net income (loss) 44,065 21,027 49,724 (72,103) 42,713 Net loss attributable to noncontrolling interests — — (456) — (456) Net income (loss) attributable to Titan $ 44,065 $ 21,027 $ 50,180 $ (72,103) $ 43,169 (Amounts in thousands) Condensed Consolidating Statements of Operations Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 205,015 $ 1,659,614 $ (205,015) $ 1,659,614 Cost of sales — 83,090 1,497,524 (205,015) 1,375,599 Gross profit — 121,925 162,090 — 284,015 Selling, general and administrative expenses 6,911 37,802 57,593 — 102,306 Research and development expenses 784 2,486 4,322 — 7,592 Royalty expense 230 4,461 4,526 — 9,217 (Loss) income from operations (7,925) 77,176 95,649 — 164,900 Interest expense (22,499) (11) (325) — (22,835) Intercompany interest income (expense) 1,107 2,815 (3,922) — — Foreign exchange gain — 135 8,614 — 8,749 Other (loss) income (10) 1,568 22,968 — 24,526 (Loss) income before income taxes (29,327) 81,683 122,984 — 175,340 Provision for income taxes 3,301 346 35,481 — 39,128 Equity in earnings (loss) of subsidiaries 171,420 — 56,343 (227,763) — Net income (loss) 138,792 81,337 143,846 (227,763) 136,212 Net income attributable to noncontrolling interests — — 1,950 — 1,950 Net income (loss) attributable to Titan $ 138,792 $ 81,337 $ 141,896 $ (227,763) $ 134,262 (Amounts in thousands) Condensed Consolidating Statements of Comprehensive Income (Loss) Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income (loss) $ 44,065 $ 21,027 $ 49,724 $ (72,103) $ 42,713 Derivative gain — — 287 — 287 Currency translation adjustment, net — — (29,517) — (29,517) Pension liability adjustments, net of tax — — 241 — 241 Comprehensive income (loss) 44,065 21,027 20,735 (72,103) 13,724 Net comprehensive loss attributable to noncontrolling interests — — (1,101) — (1,101) Comprehensive income (loss) attributable to Titan $ 44,065 $ 21,027 $ 21,836 $ (72,103) $ 14,825 (Amounts in thousands) Condensed Consolidating Statements of Comprehensive Income (Loss) Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income (loss) $ 138,792 $ 81,337 $ 143,846 $ (227,763) $ 136,212 Derivative gain — — 865 — 865 Currency translation adjustment, net — — (23,778) — (23,778) Pension liability adjustments, net of tax — — 1,216 — 1,216 Comprehensive income (loss) 138,792 81,337 122,149 (227,763) 114,515 Net comprehensive income attributable to noncontrolling interests — — 7,352 — 7,352 Comprehensive income (loss) attributable to Titan $ 138,792 $ 81,337 $ 114,797 $ (227,763) $ 107,163 (Amounts in thousands) Condensed Consolidating Balance Sheets Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Assets Cash and cash equivalents $ 22,130 $ 2 $ 94,449 $ — $ 116,581 Accounts receivable, net — 26 282,119 — 282,145 Inventories — 80,745 332,222 — 412,967 Prepaid and other current assets 712 16,536 71,706 — 88,954 Total current assets 22,842 97,309 780,496 — 900,647 Property, plant and equipment, net 543 78,787 208,288 — 287,618 Investment in subsidiaries 852,976 — 176,461 (1,029,437) — Other assets 1,035 13,443 44,736 — 59,214 Total assets $ 877,396 $ 189,539 $ 1,209,981 $ (1,029,437) $ 1,247,479 Liabilities and Equity Short-term debt $ — $ — $ 32,300 $ — $ 32,300 Accounts payable 1,294 53,399 202,022 — 256,715 Other current liabilities 47,296 29,517 105,124 — 181,937 Total current liabilities 48,590 82,916 339,446 — 470,952 Long-term debt 395,182 — 19,384 — 414,566 Other long-term liabilities 170 4,023 36,781 — 40,974 Intercompany accounts 76,722 (536,568) 459,846 — — Titan shareholders' equity 356,732 639,168 349,300 (1,029,437) 315,763 Noncontrolling interests — — 5,224 — 5,224 Total liabilities and equity $ 877,396 $ 189,539 $ 1,209,981 $ (1,029,437) $ 1,247,479 (Amounts in thousands) Condensed Consolidating Statements of Cash Flows Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidated Net cash provided by operating activities $ 69,433 $ 9,634 $ 23,173 $ 102,240 Cash flows from investing activities: Capital expenditures — (9,620) (23,135) (32,755) Proceeds from the sale of the Australian wheel business — — 9,293 9,293 Proceeds from sale of fixed assets — 3 677 680 Net cash used for investing activities — (9,617) (13,165) (22,782) Cash flows from financing activities: Proceeds from borrowings 65,657 — 23,250 88,907 Payment on debt (95,000) — (25,728) (120,728) Repurchase of common stock (25,000) — — (25,000) Other financing activities — (32) (688) (720) Net cash used for financing activities (54,343) (32) (3,166) (57,541) Effect of exchange rate change on cash — — (3,444) (3,444) Net increase (decrease) in cash and cash equivalents 15,090 (15) 3,398 18,473 Cash and cash equivalents, beginning of period 7,040 17 91,051 98,108 Cash and cash equivalents, end of period $ 22,130 $ 2 $ 94,449 $ 116,581

Subsequent Events

Subsequent Events	3 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTSThe Company has evaluated subsequent events through the filing of this Form 10-Q and determined that there have been no subsequent events that have occurred that would require adjustments to our disclosures in the consolidated financial statements.

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Fair value of financial instruments	Fair value of financial instrumentsThe Company records all financial instruments, including cash and cash equivalents, accounts receivable, notes receivable, accounts payable, other accruals, and notes payable at cost, which approximates fair value due to their short term or stated rates.  Investments in marketable equity securities are recorded at fair value.  Our 7.00% senior secured notes due 2028 were carried at a cost of $395.2 million at September 30, 2022. The fair value of the senior secured notes due 2028 at September 30, 2022, as obtained through an independent pricing source, was approximately $362.8 million.
New Accounting Pronouncements, Policy	Adoption of new accounting standards In November 2021, the FASB issued ASU No. 2021-10 Government Assistance (Topic 832), which requires annual disclosures of transactions with a government that are accounted for by applying a grant or contribution accounting model by analogy. These required disclosures include information on the nature of transactions and related accounting policies used to account for transactions, detail on the line items on the balance sheet and income statement affected by these transactions including amounts applicable to each line, and significant terms and conditions of the transactions including commitments and contingencies. The ASU is effective for fiscal years beginning after December 15, 2021. The Company receives various forms of government assistance, primarily through grants associated with continued infrastructure development in certain foreign locations. The Company adopted the impact of this ASU effective January 1, 2022 and incorporated the required disclosures within the notes to condensed consolidated financial statements. The adoption did not have a material impact on our condensed consolidated financial statements.

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Accounts receivable consisted of the following (amounts in thousands): September 30, December 31, Accounts receivable $ 289,600 $ 259,730 Allowance for doubtful accounts (7,455) (4,550) Accounts receivable, net $ 282,145 $ 255,180

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2022
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories consisted of the following (amounts in thousands): September 30, December 31, Raw material $ 138,907 $ 135,241 Work-in-process 46,245 44,694 Finished goods 227,815 212,680 $ 412,967 $ 392,615

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	9 Months Ended
	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property, plant and equipment, net consisted of the following (amounts in thousands): September 30, December 31, Land and improvements $ 37,996 $ 41,010 Buildings and improvements 230,389 236,367 Machinery and equipment 584,861 578,816 Tools, dies and molds 111,162 111,169 Construction-in-process 29,936 20,288 994,344 987,650 Less accumulated depreciation (706,726) (686,541) $ 287,618 $ 301,109

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill [Table Text Block]	The components of intangible assets, net consisted of the following (amounts in thousands): Weighted Average Useful Lives September 30, December 31, Amortizable intangible assets: Patents, trademarks and other 10.77 $ 10,084 $ 10,084 Less accumulated amortization (8,699) (8,586) $ 1,385 $ 1,498
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	The estimated aggregate amortization expense at September 30, 2022 for each of the years (or other periods) set forth below was as follows (amounts in thousands): October 1 - December 31, 2022 $ 32 2023 145 2024 132 2025 123 2026 123 Thereafter 830 $ 1,385

WARRANTY (Tables)

WARRANTY (Tables)	9 Months Ended
	Sep. 30, 2022
Product Warranties Disclosures [Abstract]
Schedule of Product Warranty Liability [Table Text Block]	Changes in the warranty liability during the nine months ended September 30, 2022 and 2021, respectively, consisted of the following (amounts in thousands): 2022 2021 Warranty liability at beginning of the period $ 16,628 $ 15,040 Provision for warranty liabilities 11,297 7,397 Warranty payments made (8,419) (6,039) Warranty liability at end of the period $ 19,506 $ 16,398

REVOLVING CREDIT FACILITY AND_2

REVOLVING CREDIT FACILITY AND LONG-TERM DEBT (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Instrument [Line Items]
Schedule of Long-term Debt Instruments [Table Text Block]	Long-term debt consisted of the following (amounts in thousands): September 30, 2022 Principal Balance Unamortized Debt Issuance Net Carrying Amount 7.00% senior secured notes due 2028 $ 400,000 $ (4,818) $ 395,182 Titan Europe credit facilities 38,287 — 38,287 Other debt 13,397 — 13,397 Total debt 451,684 (4,818) 446,866 Less amounts due within one year 32,300 — 32,300 Total long-term debt $ 419,384 $ (4,818) $ 414,566 December 31, 2021 Principal Balance Unamortized Debt Issuance Net Carrying Amount 7.00% senior secured notes due 2028 $ 400,000 $ (5,476) $ 394,524 Titan Europe credit facilities 44,993 — 44,993 Revolving credit facility 30,000 — 30,000 Other debt 15,434 — 15,434 Total debt 490,427 (5,476) 484,951 Less amounts due within one year 32,500 — 32,500 Total long-term debt $ 457,927 $ (5,476) $ 452,451
Schedule of Maturities of Long-term Debt [Table Text Block]	Aggregate principal maturities of long-term debt at September 30, 2022 for each of the years (or other periods) set forth below were as follows (amounts in thousands): October 1 - December 31, 2022 $ 13,847 2023 20,903 2024 6,733 2025 2,838 2026 2,190 Thereafter 405,173 $ 451,684

LEASE COMMITMENTS (Tables)

LEASE COMMITMENTS (Tables)	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Lease, Cost [Table Text Block]	Supplemental balance sheet information related to leases was as follows (amounts in thousands): Balance Sheet Classification September 30, 2022 December 31, 2021 Operating lease ROU assets Operating lease assets $ 9,528 $ 20,945 Operating lease current liabilities Other current liabilities $ 4,462 $ 6,180 Operating lease long-term liabilities Other long-term liabilities 2,825 11,352 Total operating lease liabilities $ 7,287 $ 17,532 Finance lease, gross Property, plant & equipment, net $ 6,920 $ 5,305 Finance lease accumulated depreciation Property, plant & equipment, net (3,446) (2,801) Finance lease, net $ 3,474 $ 2,504 Finance lease current liabilities Other current liabilities $ 2,507 $ 2,384 Finance lease long-term liabilities Other long-term liabilities 3,413 3,878 Total finance lease liabilities $ 5,920 $ 6,262
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	At September 30, 2022, maturities of lease liabilities were as follows (amounts in thousands): Operating Leases Finance Leases October 1 - December 31, 2022 $ 1,750 $ 1,030 2023 4,054 2,527 2024 1,597 1,472 2025 475 896 2026 263 553 Thereafter 496 5 Total lease payments $ 8,635 $ 6,483 Less imputed interest 1,348 563 $ 7,287 $ 5,920 Weighted average remaining lease term (in years) 2.48 2.71
Finance Lease, Liability, Maturity [Table Text Block]	Operating Leases Finance Leases October 1 - December 31, 2022 $ 1,750 $ 1,030 2023 4,054 2,527 2024 1,597 1,472 2025 475 896 2026 263 553 Thereafter 496 5 Total lease payments $ 8,635 $ 6,483 Less imputed interest 1,348 563 $ 7,287 $ 5,920 Weighted average remaining lease term (in years) 2.48 2.71

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	9 Months Ended
	Sep. 30, 2022
Retirement Benefits [Abstract]
Schedule of Defined Benefit Plans Disclosures [Table Text Block]	The components of net periodic pension (benefit) cost consisted of the following for the periods set forth below (amounts in thousands): Three months ended Nine months ended September 30, September 30, 2022 2021 2022 2021 Service cost $ 43 $ 168 $ 1,215 $ 506 Interest cost 714 702 2,148 2,115 Expected return on assets (1,518) (1,505) (4,554) (4,519) Amortization of unrecognized prior service cost (15) (14) (47) (46) Amortization of net unrecognized (gain) loss (5) 697 (18) 2,090 Net periodic pension (benefit) cost $ (781) $ 48 $ (1,256) $ 146

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	9 Months Ended
	Sep. 30, 2022
Variable Interest Entity, Measure of Activity [Abstract]
Schedule of Variable Interest Entities [Table Text Block]	The following table summarizes the carrying amount of the VIEs’ assets and liabilities included in the Company’s Condensed Consolidated Balance Sheets (amounts in thousands): September 30, December 31, 2021 Cash and cash equivalents $ 1,473 $ 714 Inventory 2,569 2,459 Other current assets 4,714 5,135 Property, plant and equipment, net 4,602 3,414 Other non-current assets 481 626 Total assets $ 13,839 $ 12,348 Current liabilities $ 2,272 $ 1,687 Other long-term liabilities 1,187 669 Total liabilities $ 3,459 $ 2,356 All assets in the above table can only be used to settle obligations of the consolidated VIE to which the respective assets relate. Liabilities are nonrecourse obligations. Amounts presented in the table above are adjusted for intercompany eliminations.
Schedule of Non Consolidated Variable Interest Entities [Table Text Block]	The assets and liabilities recognized in Titan's Condensed Consolidated Balance Sheets related to Titan's interest in these non-consolidated VIEs and the Company's maximum exposure to loss relating to non-consolidated VIEs as of the dates set forth below were as follows (amounts in thousands): September 30, 2022 December 31, 2021 Investments $ 6,316 $ 6,402 Total VIE assets 6,316 6,402 Accounts payable 2,762 4,296 Maximum exposure to loss $ 9,078 $ 10,698

OTHER INCOME (Tables)

OTHER INCOME (Tables)	9 Months Ended
	Sep. 30, 2022
Other Income and Expenses [Abstract]
Other Income [Table Text Block]	Other income consisted of the following (amounts in thousands): Three months ended Nine months ended September 30, September 30, 2022 2021 2022 2021 Income on indirect taxes (1) $ 9,593 $ — $ 32,043 $ — Loss on sale of Australian wheel business (2) — — (10,890) — Proceeds from government grant (3) — — 1,324 — Gain on legal settlement (4) — — — 1,750 Equity investment income — 273 570 397 Gain on sale of assets 74 132 256 297 Other income (expense) 24 243 1,223 (932) $ 9,691 $ 648 $ 24,526 $ 1,512 (1) In May 2022 and September 2022, the Brazilian tax authorities approved indirect tax credits to be applied against future tax obligations. Refer to Footnote 14 for additional information. (2) The loss on sale of the Australian wheel business is comprised primarily of the release of the cumulative translation adjustment of approximately $10.0 million and closing costs associated with the completion of the transaction of approximately $0.9 million. Refer to Footnote 1 for additional information. (3) In August 2014, the Company received an approximately $17.0 million capital grant from the Italian government for asset damages related to the earthquake that occurred in May 2012 at one of our Italian subsidiaries. The grant was recorded as deferred income in non-current liabilities which is being amortized over the life of the reconstructed building. The Company received proceeds of an additional $1.9 million from the grant during the nine months ended September 30, 2022, of which $1.3 million was recorded as other income to match to the historical depreciation recorded on the underlying assets. (4) The gain on legal settlement relates to proceeds received from a steel supplier for the nine months ended September 30, 2021.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Earnings per share (EPS) were as follows (amounts in thousands, except per share data): Three months ended Nine months ended September 30, September 30, 2022 2021 2022 2021 Net income attributable to Titan and applicable to common shareholders $ 43,169 $ 11,187 $ 134,262 $ 21,988 Determination of shares: Weighted average shares outstanding (basic) 62,803 62,340 63,107 61,844 Effect of equity awards 426 261 480 679 Weighted average shares outstanding (diluted) 63,229 62,601 63,587 62,523 Income per common share: Basic $ 0.69 $ 0.18 $ 2.13 $ 0.36 Diluted $ 0.68 $ 0.18 $ 2.11 $ 0.35

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2022
Segment Reporting Information [Line Items]
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	The table below presents information about certain operating results, separated by market segments, for the three and nine months ended September 30, 2022 and 2021 (amounts in thousands): Three months ended Nine months ended September 30, September 30, 2022 2021 2022 2021 Net sales Agricultural $ 289,259 $ 244,373 $ 917,443 $ 684,636 Earthmoving/construction 199,921 168,408 611,550 509,930 Consumer 41,542 37,601 130,621 97,973 $ 530,722 $ 450,382 $ 1,659,614 $ 1,292,539 Gross profit Agricultural $ 45,949 $ 33,214 $ 155,794 $ 98,294 Earthmoving/construction 34,959 21,263 102,651 63,333 Consumer 6,725 5,815 25,570 13,400 $ 87,633 $ 60,292 $ 284,015 $ 175,027 Income from operations Agricultural $ 31,125 $ 18,156 $ 106,126 $ 54,228 Earthmoving/construction 21,836 7,913 59,952 20,950 Consumer 4,856 3,519 18,976 7,067 Corporate & Unallocated (7,326) (6,688) (20,154) (21,395) Income from operations 50,491 22,900 164,900 60,850 Interest expense (7,221) (7,818) (22,835) (23,939) Loss on senior note repurchase — — — (16,020) Foreign exchange gain 1,198 416 8,749 9,125 Other income 9,691 648 24,526 1,512 Income before income taxes $ 54,159 $ 16,146 $ 175,340 $ 31,528
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Assets by segment were as follows as of the dates set forth below (amounts in thousands): September 30, December 31, Total assets Agricultural $ 553,326 $ 517,528 Earthmoving/construction 514,296 502,373 Consumer 137,967 133,906 Corporate & Unallocated 41,890 28,878 $ 1,247,479 $ 1,182,685

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Sep. 30, 2022
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Loss	Accumulated other comprehensive loss consisted of the following (amounts in thousands): Currency Gain (Loss) on Unrecognized Total Balance at July 1, 2022 $ (236,367) $ 539 $ (9,407) $ (245,235) Currency translation adjustments, net (28,872) — — (28,872) Defined benefit pension plans: Amortization of unrecognized losses and prior service cost, net of tax of $(107) — — 241 241 Derivative gain — 287 — 287 Balance at September 30, 2022 $ (265,239) $ 826 $ (9,166) $ (273,579) Currency Gain (Loss) on Unrecognized Total Balance at January 1, 2022 $ (236,059) $ (39) $ (10,382) $ (246,480) Currency translation adjustments, net (1) (29,180) — — (29,180) Defined benefit pension plans: Amortization of unrecognized losses and prior service cost, net of tax of $(451) — — 1,216 1,216 Derivative gain — 865 — 865 Balance at September 30, 2022 $ (265,239) $ 826 $ (9,166) $ (273,579) (1) The currency translation adjustments, net includes currency translation on amounts reclassified into other expense within the Condensed Consolidated Statements of Operations of approximately $10 million for the nine months ended September 30, 2022 related to the sale of the Australian wheel business. Refer to Note 13 for additional information. Currency Gain (Loss) on Unrecognized Total Balance at July 1, 2021 $ (206,529) $ (148) $ (21,125) $ (227,802) Currency translation adjustments, net (16,677) — — (16,677) Defined benefit pension plans: Amortization of unrecognized losses and prior service cost, net of tax of $(42) — — 797 797 Derivative gain — 54 — 54 Balance at September 30, 2021 $ (223,206) $ (94) $ (20,328) $ (243,628) Currency Gain (Loss) on Unrecognized Total Balance at January 1, 2021 $ (194,151) $ (413) $ (22,690) $ (217,254) Currency translation adjustments, net (1) (29,055) — — (29,055) Defined benefit pension plans: Amortization of unrecognized losses and prior service cost, net of tax of $(83) — — 2,362 2,362 Derivative gain — 319 — 319 Balance at September 30, 2021 $ (223,206) $ (94) $ (20,328) $ (243,628) (1) The increase in currency translation adjustments for the nine months ended September 30, 2021 was due to foreign currency rate fluctuations, the ongoing initiative to rationalize the Company's legal entity structure, and the ongoing management of the intercompany capital structure during the year.

SUBSIDIARY GUARANTOR FINANCIA_2

SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed Income Statement [Table Text Block]	(Amounts in thousands) Condensed Consolidating Statements of Operations Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 39,472 $ 530,722 $ (39,472) $ 530,722 Cost of sales — 5,177 477,384 (39,472) 443,089 Gross profit — 34,295 53,338 — 87,633 Selling, general and administrative expenses 2,100 12,277 17,033 — 31,410 Research and development expenses 275 817 1,342 — 2,434 Royalty expense — 1,596 1,702 — 3,298 (Loss) income from operations (2,375) 19,605 33,261 — 50,491 Interest (expense) income (7,373) (3) 155 — (7,221) Intercompany interest income (expense) 373 1,102 (1,475) — — Foreign exchange (loss) gain — (155) 1,353 — 1,198 Other (expense) income (22) 528 9,185 — 9,691 (Loss) income before income taxes (9,397) 21,077 42,479 — 54,159 Provision for income taxes 941 50 10,455 — 11,446 Equity in earnings (loss) of subsidiaries 54,403 — 17,700 (72,103) — Net income (loss) 44,065 21,027 49,724 (72,103) 42,713 Net loss attributable to noncontrolling interests — — (456) — (456) Net income (loss) attributable to Titan $ 44,065 $ 21,027 $ 50,180 $ (72,103) $ 43,169 (Amounts in thousands) Condensed Consolidating Statements of Operations Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 205,015 $ 1,659,614 $ (205,015) $ 1,659,614 Cost of sales — 83,090 1,497,524 (205,015) 1,375,599 Gross profit — 121,925 162,090 — 284,015 Selling, general and administrative expenses 6,911 37,802 57,593 — 102,306 Research and development expenses 784 2,486 4,322 — 7,592 Royalty expense 230 4,461 4,526 — 9,217 (Loss) income from operations (7,925) 77,176 95,649 — 164,900 Interest expense (22,499) (11) (325) — (22,835) Intercompany interest income (expense) 1,107 2,815 (3,922) — — Foreign exchange gain — 135 8,614 — 8,749 Other (loss) income (10) 1,568 22,968 — 24,526 (Loss) income before income taxes (29,327) 81,683 122,984 — 175,340 Provision for income taxes 3,301 346 35,481 — 39,128 Equity in earnings (loss) of subsidiaries 171,420 — 56,343 (227,763) — Net income (loss) 138,792 81,337 143,846 (227,763) 136,212 Net income attributable to noncontrolling interests — — 1,950 — 1,950 Net income (loss) attributable to Titan $ 138,792 $ 81,337 $ 141,896 $ (227,763) $ 134,262
Condensed Statement of Comprehensive Income [Table Text Block]	(Amounts in thousands) Condensed Consolidating Statements of Comprehensive Income (Loss) Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income (loss) $ 44,065 $ 21,027 $ 49,724 $ (72,103) $ 42,713 Derivative gain — — 287 — 287 Currency translation adjustment, net — — (29,517) — (29,517) Pension liability adjustments, net of tax — — 241 — 241 Comprehensive income (loss) 44,065 21,027 20,735 (72,103) 13,724 Net comprehensive loss attributable to noncontrolling interests — — (1,101) — (1,101) Comprehensive income (loss) attributable to Titan $ 44,065 $ 21,027 $ 21,836 $ (72,103) $ 14,825 (Amounts in thousands) Condensed Consolidating Statements of Comprehensive Income (Loss) Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income (loss) $ 138,792 $ 81,337 $ 143,846 $ (227,763) $ 136,212 Derivative gain — — 865 — 865 Currency translation adjustment, net — — (23,778) — (23,778) Pension liability adjustments, net of tax — — 1,216 — 1,216 Comprehensive income (loss) 138,792 81,337 122,149 (227,763) 114,515 Net comprehensive income attributable to noncontrolling interests — — 7,352 — 7,352 Comprehensive income (loss) attributable to Titan $ 138,792 $ 81,337 $ 114,797 $ (227,763) $ 107,163
Condensed Balance Sheet [Table Text Block]	(Amounts in thousands) Condensed Consolidating Balance Sheets Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Assets Cash and cash equivalents $ 22,130 $ 2 $ 94,449 $ — $ 116,581 Accounts receivable, net — 26 282,119 — 282,145 Inventories — 80,745 332,222 — 412,967 Prepaid and other current assets 712 16,536 71,706 — 88,954 Total current assets 22,842 97,309 780,496 — 900,647 Property, plant and equipment, net 543 78,787 208,288 — 287,618 Investment in subsidiaries 852,976 — 176,461 (1,029,437) — Other assets 1,035 13,443 44,736 — 59,214 Total assets $ 877,396 $ 189,539 $ 1,209,981 $ (1,029,437) $ 1,247,479 Liabilities and Equity Short-term debt $ — $ — $ 32,300 $ — $ 32,300 Accounts payable 1,294 53,399 202,022 — 256,715 Other current liabilities 47,296 29,517 105,124 — 181,937 Total current liabilities 48,590 82,916 339,446 — 470,952 Long-term debt 395,182 — 19,384 — 414,566 Other long-term liabilities 170 4,023 36,781 — 40,974 Intercompany accounts 76,722 (536,568) 459,846 — — Titan shareholders' equity 356,732 639,168 349,300 (1,029,437) 315,763 Noncontrolling interests — — 5,224 — 5,224 Total liabilities and equity $ 877,396 $ 189,539 $ 1,209,981 $ (1,029,437) $ 1,247,479
Condensed Cash Flow Statement [Table Text Block]	(Amounts in thousands) Condensed Consolidating Statements of Cash Flows Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidated Net cash provided by operating activities $ 69,433 $ 9,634 $ 23,173 $ 102,240 Cash flows from investing activities: Capital expenditures — (9,620) (23,135) (32,755) Proceeds from the sale of the Australian wheel business — — 9,293 9,293 Proceeds from sale of fixed assets — 3 677 680 Net cash used for investing activities — (9,617) (13,165) (22,782) Cash flows from financing activities: Proceeds from borrowings 65,657 — 23,250 88,907 Payment on debt (95,000) — (25,728) (120,728) Repurchase of common stock (25,000) — — (25,000) Other financing activities — (32) (688) (720) Net cash used for financing activities (54,343) (32) (3,166) (57,541) Effect of exchange rate change on cash — — (3,444) (3,444) Net increase (decrease) in cash and cash equivalents 15,090 (15) 3,398 18,473 Cash and cash equivalents, beginning of period 7,040 17 91,051 98,108 Cash and cash equivalents, end of period $ 22,130 $ 2 $ 94,449 $ 116,581

ACCOUNTING POLICIES (Details)

ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Long-term Debt	$ 395,200
Debt Instrument, Fair Value Disclosure	$ 362,800
Senior Secured Notes 6.50 Percent [Member] [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	7%
Long-term Debt	$ 400,000	$ 400,000

ACCOUNTS RECEIVABLE (Details)

ACCOUNTS RECEIVABLE (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Receivables [Abstract]
Accounts receivable	$ 289,600	$ 259,730
Allowance for doubtful accounts	7,455	4,550
Accounts receivable, net	$ 282,145	$ 255,180

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Raw material	$ 138,907	$ 135,241
Work-in-process	46,245	44,694
Finished goods	227,815	212,680
Inventory, Net, Total	$ 412,967	$ 392,615

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 994,344		$ 987,650
Less accumulated depreciation	(706,726)		(686,541)
Property, Plant and Equipment, Net	287,618		301,109
Assets	1,247,479		1,182,685
Depreciation	31,300	$ 35,100
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	37,996		41,010
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	230,389		236,367
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	584,861		578,816
Tools, Dies and Molds [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	111,162		111,169
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 29,936		$ 20,288

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Finite-Lived Intangible Asset, Useful Life	10 years 9 months 7 days
Finite-Lived Trademarks, Gross	$ 10,084		$ 10,084
Finite-Lived Intangible Assets, Accumulated Amortization	(8,699)		(8,586)
Intangible Assets, Net (Excluding Goodwill)	1,385		$ 1,498
Amortization of Intangible Assets	300	$ 600
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
October 1 - December 31, 2022	32
2023	145
2024	132
2025	123
2026	123
Thereafter	$ 830

WARRANTY (Details)

WARRANTY (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Product Warranty Liability [Line Items]
Warranty liability at January 1	$ 16,628	$ 15,040
Provision for warranty liabilities	11,297	7,397
Warranty payments made	(8,419)	(6,039)
Warranty liability at June 30	$ 19,506	$ 16,398

REVOLVING CREDIT FACILITY AND_3

REVOLVING CREDIT FACILITY AND LONG-TERM DEBT (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Apr. 22, 2021
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	727%		727%
Debt Instruments [Abstract]
7.00% senior secured notes due 2028	$ 395,200		$ 395,200
Long-term Line of Credit, Noncurrent					$ 30,000
Long-term Debt and Lease Obligation, Including Current Maturities	446,866		446,866		484,951
Short-term debt	32,300		32,300		32,500
Long-term debt	414,566		414,566		452,451
Debt Instrument, Unamortized Discount	(4,818)		(4,818)		(5,476)
Debt Instrument, Unamortized Discount, Current	0		0		0
Debt Instrument, Unamortized Discount (Premium), Net	(4,818)		(4,818)		(5,476)
Maturities of Long-term Debt [Abstract]
October 1 - December 31, 2022	13,847		13,847
2023	20,903		20,903
2024	6,733		6,733
2025	2,838		2,838
2026	2,190		2,190
Thereafter	405,173		405,173
Long-term Debt, Gross	451,684		451,684
Line of Credit Facility, Maximum Borrowing Capacity	125,000		125,000
Letters of Credit Outstanding, Amount	7,200		7,200
Line of Credit Facility, Current Borrowing Capacity	117,800		117,800
Gain (Loss) on Repurchase of Debt Instrument	0	$ 0	0	$ 16,020
Senior Secured Notes 6.50 Percent [Member] [Member]
Debt Instruments [Abstract]
7.00% senior secured notes due 2028	400,000		400,000		400,000
Long-term Debt	395,182		395,182		394,524
Debt Instrument, Unamortized Discount	$ (4,818)		$ (4,818)		(5,476)
Maturities of Long-term Debt [Abstract]
Debt Instrument, Interest Rate, Stated Percentage	7%		7%
Titan Europe [Member]
Debt Instruments [Abstract]
Other Borrowings	$ 38,287		$ 38,287		44,993
Debt Instrument, Unamortized Discount, Noncurrent	0		0		0
Other Debt Obligations [Member]
Debt Instruments [Abstract]
Other debt	13,397		13,397		15,434
Debt Instrument, Unamortized Discount, Noncurrent	0		0		0
Titan Brazil [Member]
Debt Instruments [Abstract]
Other debt	10,100		10,100
Voltyre-Prom [Member]
Debt Instruments [Abstract]
Other debt	3,300		3,300
Senior Secured Notes 7.00 Percent
Debt Instruments [Abstract]
7.00% senior secured notes due 2028						$ 400,000
Maturities of Long-term Debt [Abstract]
Debt Instrument, Interest Rate, Stated Percentage						7%
Long-term Debt [Member]
Debt Instruments [Abstract]
Debt, Long-Term and Short-Term, Combined Amount	451,684		451,684		490,427
Maturities of Long-term Debt [Abstract]
Long-term Debt, Gross	$ 419,384		$ 419,384		$ 457,927

REDEEMABLE NONCONTROLLING INT_2

REDEEMABLE NONCONTROLLING INTEREST (Details) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Redeemable Noncontrolling Interest [Line Items]
Payments for Repurchase of Redeemable Noncontrolling Interest	$ 25
Stock Issued During Period, Shares, Other	4,032,259
Common Stock, shares authorized (in shares)	120,000,000
Common Stock, par value	$ 0.0001
Common Stock, shares issued (in shares)	66,525,269	66,492,660
Treasury Stock, shares (in shares)	3,720,609	80,876
RDIF [Member]
Redeemable Noncontrolling Interest [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	64.30%
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	35.70%

LEASE COMMITMENTS (Details)

LEASE COMMITMENTS (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Operating Lease, Right-of-Use Asset	$ 9,528	$ 20,945
Operating Lease, Liability, Current	4,462	6,180
Operating Lease, Liability, Noncurrent	2,825	11,352
Operating Lease, Liability	7,287	17,532
Finance Lease, Gross	6,920	5,305
Finance Lease Accumulated Depreciation	(3,446)	(2,801)
Finance Lease, Right-of-Use Asset	3,474	2,504
Finance Lease, Liability, Current	2,507	2,384
Finance Lease, Liability, Noncurrent	3,413	3,878
Finance Lease, Liability	5,920	$ 6,262
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
July 1 - December 31, 2020	1,750
2023	4,054
2024	1,597
2025	475
2026	263
Thereafter	5
Thereafter	496
Total lease payments	8,635
Less imputed interest	1,348
Finance Lease, Liability, Payment, Due [Abstract]
April 1 - December 31, 2020	1,030
2021	2,527
2022	1,472
2023	896
2024	553
Total lease payment	6,483
Lease imputed interest	$ 563
Operating Lease, Weighted Average Remaining Lease Term	2 years 5 months 23 days
Finance Lease, Weighted Average Remaining Lease Term	2 years 8 months 15 days
Operating Lease, Payments	$ 2,000

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Contributions by Employer			$ 400
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 43	$ 168	1,215	$ 506
Interest cost	714	702	2,148	2,115
Expected return on assets	(1,518)	(1,505)	(4,554)	(4,519)
Amortization of unrecognized prior service cost	(15)	(14)	(47)	(46)
Amortization of net unrecognized (gain) loss	(5)	697	(18)	2,090
Net periodic pension (benefit) cost	$ (781)	$ 48	$ (1,256)	$ 146

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Variable Interest Entity [Line Items]
Cash and Cash Equivalents, at Carrying Value	$ 116,581	$ 98,108	$ 94,640	$ 117,431
Inventories	412,967	392,615
Property, Plant and Equipment, Net	287,618	301,109
Other Assets, Noncurrent	59,214
Total assets	1,247,479	1,182,685
Total current liabilities	470,952	450,813
Total liabilities	926,492	955,513
Accounts payable	256,715	278,099
Variable Interest Entity, Not Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Total assets	6,316	6,402
Investments	6,316	6,402
Accounts payable	2,762	4,296
Maximum exposure to loss	9,078	10,698
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Cash and Cash Equivalents, at Carrying Value	1,473	714
Inventories	2,569	2,459
Other Assets, Current	4,714	5,135
Property, Plant and Equipment, Net	4,602	3,414
Other Assets, Noncurrent	481	626
Total assets	13,839	12,348
Total current liabilities	2,272	1,687
Liabilities, Noncurrent	1,187	669
Total liabilities	$ 3,459	$ 2,356

ROYALTY EXPENSE (Details)

ROYALTY EXPENSE (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other Income and Expenses [Abstract]
Royalty expense	$ 3,298	$ 2,805	$ 9,217	$ 7,915

OTHER INCOME (Details)

OTHER INCOME (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other Income and Expenses [Abstract]
Deferred Income Taxes and Tax Credits	$ 9,593	$ 0	$ 32,043	$ 0
Gain (Loss) on Disposition of Business	0	0	10,890	0
Other Nonrecurring Income	0	0	1,324	0
Gain (Loss) Related to Litigation Settlement	0	0	0	1,750
Income (Loss) from Equity Method Investments	0	273	570	397
Gain (Loss) on Disposition of Assets	74	132	256	297
Other Nonoperating Income	24	243	1,223
Other Nonoperating Expense				(932)
Other Nonoperating Income (Expense), Total	$ 9,691	$ 648	24,526	$ 1,512
Disposal Group, Including Discontinued Operation, Foreign Currency Translation Gains (Losses)			10,000
Unusual or Infrequent Item, or Both, Insurance Proceeds			$ 1,900

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 11,446	$ 5,342	$ 39,128	$ 9,927
Effective Income Tax Rate, Continuing Operations	21.10%	33.10%	22.30%	31.50%
Accrued Income Taxes, Current	$ 30,900		$ 30,900		$ 9,300
Brazil Income Tax Adjustment	9,500		32,000
Taxes, Other	$ 1,600		9,400
Income taxes paid, net of refunds received			$ 27,723	$ 10,766

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income attributable to Titan and applicable to common shareholders	$ 43,169	$ 11,187	$ 134,262	$ 21,988
Net income (loss) applicable to common shareholders	$ 43,169	$ 11,187	$ 134,262	$ 21,988
Weighted Average Number of Shares Outstanding, Basic	62,803	62,340	63,107	61,844
Effect of equity awards	426	261	480	679
Weighted average shares outstanding (diluted)	63,229	62,601	63,587	62,523
Earnings Per Share, Basic	$ 0.69	$ 0.18	$ 2.13	$ 0.36
Diluted	$ 0.68	$ 0.18	$ 2.11	$ 0.35

LITIGATION (Details)

LITIGATION (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Loss Contingencies [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	$ 287	$ 54	$ 865	$ 319

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 530,722	$ 450,382	$ 1,659,614	$ 1,292,539
Gross profit (loss)	87,633	60,292	284,015	175,027
Income (loss) from operations	50,491	22,900	164,900	60,850
Interest expense	(7,221)	(7,818)	(22,835)	(23,939)
Foreign Currency Transaction Gain (Loss), before Tax	1,198	416	8,749	9,125
Other Nonoperating Income (Expense)	9,691	648	24,526	1,512
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	54,159	16,146	175,340	31,528
Assets	1,247,479		1,247,479		$ 1,182,685
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	530,722	450,382	1,659,614	1,292,539
Gross profit (loss)	87,633	60,292	284,015	175,027
Income (loss) from operations	50,491	22,900	164,900	60,850
Operating Segments [Member] | Agricultural [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	289,259	244,373	917,443	684,636
Gross profit (loss)	45,949	33,214	155,794	98,294
Income (loss) from operations	31,125	18,156	106,126	54,228
Assets	553,326		553,326		517,528
Operating Segments [Member] | Earthmoving/construction [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	199,921	168,408	611,550	509,930
Gross profit (loss)	34,959	21,263	102,651	63,333
Income (loss) from operations	21,836	7,913	59,952	20,950
Assets	514,296		514,296		502,373
Operating Segments [Member] | Consumer [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	41,542	37,601	130,621	97,973
Gross profit (loss)	6,725	5,815	25,570	13,400
Income (loss) from operations	4,856	3,519	18,976	7,067
Assets	137,967		137,967		133,906
Operating Segments [Member] | Corporate & Unallocated
Segment Reporting Information [Line Items]
Income (loss) from operations	(7,326)	$ (6,688)	(20,154)	$ (21,395)
Assets	$ 41,890		$ 41,890		$ 28,878

SEGMENT INFORMATION ASSETS (Det

SEGMENT INFORMATION ASSETS (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Assets	$ 1,247,479	$ 1,182,685
Operating Segments [Member] | Agricultural [Member]
Segment Reporting Information [Line Items]
Assets	553,326	517,528
Operating Segments [Member] | Earthmoving/construction [Member]
Segment Reporting Information [Line Items]
Assets	514,296	502,373
Operating Segments [Member] | Consumer [Member]
Segment Reporting Information [Line Items]
Assets	137,967	133,906
Operating Segments [Member] | Corporate & Unallocated
Segment Reporting Information [Line Items]
Assets	$ 41,890	$ 28,878

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Related Party Transaction [Line Items]
Related Party Transaction, Revenues from Transactions with Related Party	$ 1.2	$ 0.7	$ 3.5	$ 2
Related Party Transaction, Purchases from Related Party	0.5	0.1	1	1
Related Party Transaction, Due from (to) Related Party	0.4		0.4		$ 0.2
Related Party Transaction, Expenses from Transactions with Related Party	$ 0.4	$ 0.5	$ 1.3	$ 1.5

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Stockholders' Equity Note [Abstract]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	$ (265,239)	$ (223,206)	$ (265,239)	$ (223,206)	$ (236,367)	$ (236,059)	$ (206,529)	$ (194,151)
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), after Adjustments, before Tax, Parent	287	54	865	319
AOCI, Derivative Qualifying as Hedge, Excluded Component, after Tax	826	(94)	826	(94)	539	(39)	(148)	(413)
Currency translation adjustments	(28,872)	(16,677)	(29,180)	(29,055)
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax	(9,166)	20,328	(9,166)	20,328	9,407	10,382	21,125	22,690
Amortization of unrecognized losses and prior service cost, net of tax	(241)	(797)	(1,216)	(2,362)
Accumulated other comprehensive loss	(273,579)	(243,628)	(273,579)	(243,628)	$ (245,235)	$ (246,480)	$ (227,802)	$ (217,254)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	(107)	(42)	(451)	(83)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	$ 287	$ 54	$ 865	$ 319

SUBSIDIARY GUARANTOR FINANCIA_3

SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 530,722			$ 450,382			$ 1,659,614	$ 1,292,539
Cost of sales	443,089			390,090			1,375,599	1,117,512
Gross profit (loss)	87,633			60,292			284,015	175,027
Selling, General and Administrative Expense	31,410			32,217			102,306	98,811
Research and Development Expense	2,434			2,370			7,592	7,451
Royalty expense	3,298			2,805			9,217	7,915
Income (loss) from operations	50,491			22,900			164,900	60,850
Interest expense	(7,221)			(7,818)			(22,835)	(23,939)
Intercompany Interest Income (Expense)	0						0
Foreign Currency Transaction Gain (Loss), before Tax	1,198			416			8,749	9,125
Other Nonoperating Income (Expense)	9,691			648			24,526	1,512
Income before income taxes	54,159			16,146			175,340	31,528
Provision for income taxes	11,446			5,342			39,128	9,927
Equity in Net Earnings (Loss) of Subsidiaries	0						0
Net income (loss)	42,713			10,804			136,212	21,601
Derivative, Gain (Loss) on Derivative, Net	287						865
Net (loss) income attributable to noncontrolling interests	(456)			(383)			1,950	(387)
Net income (loss) attributable to Titan	43,169			11,187			134,262	21,988
Comprehensive Income Statement [Abstract]
Net income (loss)	42,713			10,804			136,212	21,601
Currency translation adjustment	(29,517)			(16,243)			(23,778)	(28,991)
Pension liability adjustments, net of tax	241	$ 431	$ 544	797	$ 692	$ 873	1,216	2,362
Comprehensive income (loss)	13,724			(4,588)			114,515	(4,709)
Net comprehensive (loss) income attributable to redeemable and noncontrolling interests	(1,101)			51			7,352	(323)
Comprehensive income (loss) attributable to Titan	14,825			(4,639)			107,163	(4,386)
Statement of Financial Position [Abstract]
Cash and cash equivalents	116,581			94,640			116,581	94,640	$ 98,108	$ 117,431
Accounts Receivable, after Allowance for Credit Loss, Current	282,145						282,145		255,180
Inventory, Net	412,967						412,967		392,615
Prepaid Expense and Other Assets, Current	88,954						88,954		67,401
Total current assets	900,647						900,647		813,304
Property, Plant and Equipment, Net	287,618						287,618		301,109
Equity Method Investments	0						0
Other Assets, Noncurrent	59,214						59,214
Total assets	1,247,479						1,247,479		1,182,685
Short-term debt	32,300						32,300		32,500
Accounts payable	256,715						256,715		278,099
Other current liabilities	181,937						181,937		140,214
Total current liabilities	470,952						470,952		450,813
Long-term debt	414,566						414,566		452,451
Liabilities, Other than Long-term Debt, Noncurrent	40,974						40,974
Intercompany Accounts, Net	0						0
Stockholders' Equity Attributable to Parent	315,763						315,763		229,300
Stockholders' Equity Attributable to Noncontrolling Interest	5,224						5,224		(2,128)
Total liabilities and equity	1,247,479						1,247,479		1,182,685
Statement of Cash Flows [Abstract]
Net cash provided by (used for) operating activities							102,240	(2,290)
Capital expenditures							(32,755)	(24,250)
Payments for (Proceeds from) Investments							(9,293)	0
Proceeds from Sales of Assets, Investing Activities							680	1,139
Net cash provided by (used for) investing activities							(22,782)	(23,111)
Proceeds from borrowings							88,907	482,293
Repayments of Other Debt							(120,728)	(59,949)
Payments for Repurchase of Common Stock							(25,000)	0
Proceeds from (Payments for) Other Financing Activities							(720)	(2,069)
Net cash provided by (used for) financing activities							(57,541)	7,275
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations							(3,444)	(4,665)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect							18,473	(22,791)
Cash and cash equivalents	116,581			94,640			116,581	94,640	98,108	$ 117,431
Gain (Loss) on Repurchase of Debt Instrument	0			$ 0			0	$ 16,020
Parent Company [Member]
Income Statement [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	0						0
Cost of sales	0						0
Gross profit (loss)	0						0
Selling, General and Administrative Expense	2,100						6,911
Research and Development Expense	275						784
Royalty expense	0						230
Income (loss) from operations	(2,375)						(7,925)
Interest expense	(7,373)						(22,499)
Intercompany Interest Income (Expense)	373						1,107
Foreign Currency Transaction Gain (Loss), before Tax	0						0
Other Nonoperating Income (Expense)	(22)						(10)
Income before income taxes	(9,397)						(29,327)
Provision for income taxes	941						3,301
Equity in Net Earnings (Loss) of Subsidiaries	54,403						171,420
Net income (loss)	44,065						138,792
Derivative, Gain (Loss) on Derivative, Net	0						0
Net (loss) income attributable to noncontrolling interests	0						0
Net income (loss) attributable to Titan	44,065						138,792
Comprehensive Income Statement [Abstract]
Net income (loss)	44,065						138,792
Currency translation adjustment	0						0
Pension liability adjustments, net of tax	0						0
Comprehensive income (loss)	44,065						138,792
Net comprehensive (loss) income attributable to redeemable and noncontrolling interests	0						0
Comprehensive income (loss) attributable to Titan	44,065						138,792
Statement of Financial Position [Abstract]
Cash and cash equivalents	22,130						22,130		7,040
Accounts Receivable, after Allowance for Credit Loss, Current	0						0
Inventory, Net	0						0
Prepaid Expense and Other Assets, Current	712						712
Total current assets	22,842						22,842
Property, Plant and Equipment, Net	543						543
Equity Method Investments	852,976						852,976
Other Assets, Noncurrent	1,035						1,035
Total assets	877,396						877,396
Short-term debt	0						0
Accounts payable	1,294						1,294
Other current liabilities	47,296						47,296
Total current liabilities	48,590						48,590
Long-term debt	395,182						395,182
Liabilities, Other than Long-term Debt, Noncurrent	170						170
Intercompany Accounts, Net	76,722						76,722
Stockholders' Equity Attributable to Parent	356,732						356,732
Stockholders' Equity Attributable to Noncontrolling Interest	0						0
Total liabilities and equity	877,396						877,396
Statement of Cash Flows [Abstract]
Net cash provided by (used for) operating activities							69,433
Capital expenditures							0
Payments for (Proceeds from) Investments							0
Proceeds from Sales of Assets, Investing Activities							0
Net cash provided by (used for) investing activities							0
Proceeds from borrowings							65,657
Repayments of Other Debt							(95,000)
Payments for Repurchase of Common Stock							(25,000)
Proceeds from (Payments for) Other Financing Activities							0
Net cash provided by (used for) financing activities							(54,343)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations							0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect							15,090
Cash and cash equivalents	22,130						22,130		7,040
Guarantor Subsidiaries [Member]
Income Statement [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	39,472						205,015
Cost of sales	5,177						83,090
Gross profit (loss)	34,295						121,925
Selling, General and Administrative Expense	12,277						37,802
Research and Development Expense	817						2,486
Royalty expense	1,596						4,461
Income (loss) from operations	19,605						77,176
Interest expense	(3)						(11)
Intercompany Interest Income (Expense)	1,102						2,815
Foreign Currency Transaction Gain (Loss), before Tax	(155)						135
Other Nonoperating Income (Expense)	528						1,568
Income before income taxes	21,077						81,683
Provision for income taxes	50						346
Equity in Net Earnings (Loss) of Subsidiaries	0						0
Net income (loss)	21,027						81,337
Derivative, Gain (Loss) on Derivative, Net	0						0
Net (loss) income attributable to noncontrolling interests	0						0
Net income (loss) attributable to Titan	21,027						81,337
Comprehensive Income Statement [Abstract]
Net income (loss)	21,027						81,337
Currency translation adjustment	0						0
Pension liability adjustments, net of tax	0						0
Comprehensive income (loss)	21,027						81,337
Net comprehensive (loss) income attributable to redeemable and noncontrolling interests	0						0
Comprehensive income (loss) attributable to Titan	21,027						81,337
Statement of Financial Position [Abstract]
Cash and cash equivalents	2						2		17
Accounts Receivable, after Allowance for Credit Loss, Current	26						26
Inventory, Net	80,745						80,745
Prepaid Expense and Other Assets, Current	16,536						16,536
Total current assets	97,309						97,309
Property, Plant and Equipment, Net	78,787						78,787
Equity Method Investments	0						0
Other Assets, Noncurrent	13,443						13,443
Total assets	189,539						189,539
Short-term debt	0						0
Accounts payable	53,399						53,399
Other current liabilities	29,517						29,517
Total current liabilities	82,916						82,916
Long-term debt	0						0
Liabilities, Other than Long-term Debt, Noncurrent	4,023						4,023
Intercompany Accounts, Net	(536,568)						(536,568)
Stockholders' Equity Attributable to Parent	639,168						639,168
Stockholders' Equity Attributable to Noncontrolling Interest	0						0
Total liabilities and equity	189,539						189,539
Statement of Cash Flows [Abstract]
Net cash provided by (used for) operating activities							9,634
Capital expenditures							(9,620)
Payments for (Proceeds from) Investments							0
Proceeds from Sales of Assets, Investing Activities							3
Net cash provided by (used for) investing activities							(9,617)
Proceeds from borrowings							0
Repayments of Other Debt							0
Payments for Repurchase of Common Stock							0
Proceeds from (Payments for) Other Financing Activities							(32)
Net cash provided by (used for) financing activities							(32)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations							0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect							(15)
Cash and cash equivalents	2						2		17
Non-Guarantor Subsidiaries [Member]
Income Statement [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	530,722						1,659,614
Cost of sales	477,384						1,497,524
Gross profit (loss)	53,338						162,090
Selling, General and Administrative Expense	17,033						57,593
Research and Development Expense	1,342						4,322
Royalty expense	1,702						4,526
Income (loss) from operations	33,261						95,649
Interest expense							(325)
Interest Income (Expense), Nonoperating, Net	155
Intercompany Interest Income (Expense)	(1,475)						(3,922)
Foreign Currency Transaction Gain (Loss), before Tax	1,353						8,614
Other Nonoperating Income (Expense)	9,185						22,968
Income before income taxes	42,479						122,984
Provision for income taxes	10,455						35,481
Equity in Net Earnings (Loss) of Subsidiaries	17,700						56,343
Net income (loss)	49,724						143,846
Derivative, Gain (Loss) on Derivative, Net	287						865
Net (loss) income attributable to noncontrolling interests	(456)						1,950
Net income (loss) attributable to Titan	50,180						141,896
Comprehensive Income Statement [Abstract]
Net income (loss)	49,724						143,846
Currency translation adjustment	(29,517)						(23,778)
Pension liability adjustments, net of tax	241						1,216
Comprehensive income (loss)	20,735						122,149
Net comprehensive (loss) income attributable to redeemable and noncontrolling interests	(1,101)						7,352
Comprehensive income (loss) attributable to Titan	21,836						114,797
Statement of Financial Position [Abstract]
Cash and cash equivalents	94,449						94,449		91,051
Accounts Receivable, after Allowance for Credit Loss, Current	282,119						282,119
Inventory, Net	332,222						332,222
Prepaid Expense and Other Assets, Current	71,706						71,706
Total current assets	780,496						780,496
Property, Plant and Equipment, Net	208,288						208,288
Equity Method Investments	176,461						176,461
Other Assets, Noncurrent	44,736						44,736
Total assets	1,209,981						1,209,981
Short-term debt	32,300						32,300
Accounts payable	202,022						202,022
Other current liabilities	105,124						105,124
Total current liabilities	339,446						339,446
Long-term debt	19,384						19,384
Liabilities, Other than Long-term Debt, Noncurrent	36,781						36,781
Intercompany Accounts, Net	459,846						459,846
Stockholders' Equity Attributable to Parent	349,300						349,300
Stockholders' Equity Attributable to Noncontrolling Interest	5,224						5,224
Total liabilities and equity	1,209,981						1,209,981
Statement of Cash Flows [Abstract]
Net cash provided by (used for) operating activities							23,173
Capital expenditures							(23,135)
Payments for (Proceeds from) Investments							(9,293)
Proceeds from Sales of Assets, Investing Activities							677
Net cash provided by (used for) investing activities							(13,165)
Proceeds from borrowings							23,250
Repayments of Other Debt							(25,728)
Payments for Repurchase of Common Stock							0
Proceeds from (Payments for) Other Financing Activities							(688)
Net cash provided by (used for) financing activities							(3,166)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations							(3,444)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect							3,398
Cash and cash equivalents	94,449						94,449		$ 91,051
Consolidation, Eliminations [Member]
Income Statement [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	(39,472)						(205,015)
Cost of sales	(39,472)						(205,015)
Gross profit (loss)	0						0
Selling, General and Administrative Expense	0						0
Research and Development Expense	0						0
Royalty expense	0						0
Income (loss) from operations	0						0
Interest expense	0						0
Intercompany Interest Income (Expense)	0						0
Foreign Currency Transaction Gain (Loss), before Tax	0						0
Other Nonoperating Income (Expense)	0						0
Income before income taxes	0						0
Provision for income taxes	0						0
Equity in Net Earnings (Loss) of Subsidiaries	(72,103)						(227,763)
Net income (loss)	(72,103)						(227,763)
Derivative, Gain (Loss) on Derivative, Net	0						0
Net (loss) income attributable to noncontrolling interests	0						0
Net income (loss) attributable to Titan	(72,103)						(227,763)
Comprehensive Income Statement [Abstract]
Net income (loss)	(72,103)						(227,763)
Currency translation adjustment	0						0
Pension liability adjustments, net of tax	0						0
Comprehensive income (loss)	(72,103)						(227,763)
Net comprehensive (loss) income attributable to redeemable and noncontrolling interests	0						0
Comprehensive income (loss) attributable to Titan	(72,103)						(227,763)
Statement of Financial Position [Abstract]
Cash and cash equivalents	0						0
Accounts Receivable, after Allowance for Credit Loss, Current	0						0
Inventory, Net	0						0
Prepaid Expense and Other Assets, Current	0						0
Total current assets	0						0
Property, Plant and Equipment, Net	0						0
Equity Method Investments	(1,029,437)						(1,029,437)
Other Assets, Noncurrent	0						0
Total assets	(1,029,437)						(1,029,437)
Short-term debt	0						0
Accounts payable	0						0
Other current liabilities	0						0
Total current liabilities	0						0
Long-term debt	0						0
Liabilities, Other than Long-term Debt, Noncurrent	0						0
Intercompany Accounts, Net	0						0
Stockholders' Equity Attributable to Parent	(1,029,437)						(1,029,437)
Stockholders' Equity Attributable to Noncontrolling Interest	0						0
Total liabilities and equity	(1,029,437)						(1,029,437)
Statement of Cash Flows [Abstract]
Cash and cash equivalents	$ 0						$ 0