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VARIABLE INTEREST ENTITIES (Notes) | 3 Months Ended
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Mar. 31, 2024
Variable Interest Entity, Measure of Activity [Abstract] |
Variable Interest Entities Disclosure [Text Block] | VARIABLE INTEREST ENTITIES The Company holds a variable interest in one joint venture for which Titan is the primary beneficiary. Titan is a 50% owner of a manufacturer of undercarriage components and complete track systems for earthmoving machines in India. As the primary beneficiary of this variable interest entity (VIE), the VIE's assets, liabilities, and results of operations are included in the Company’s condensed consolidated financial statements. The other equity holder's interests are reflected in “Net 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 VIE's assets and liabilities included in the Company’s Condensed Consolidated Balance Sheets (amounts in thousands):
| March 31, 2024 |  | December 31, 2023
Cash and cash equivalents | $ | 718 |  |  | $ | 355 |
Inventory | 1,552 |  |  | 1,431 |
Other current assets | 2,125 |  |  | 2,364 |
Property, plant and equipment, net | 2,351 |  |  | 2,477 |
Other non-current assets | 154 |  |  | 222 |
Total assets | $ | 6,900 |  |  | $ | 6,849 |
Current liabilities | $ | 1,147 |  |  | $ | 1,117 |
Other long-term liabilities | 868 |  |  | 869 |
Total liabilities | $ | 2,015 |  |  | $ | 1,986 |
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 non-recourse 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):
| March 31, 2024 |  | December 31, 2023
Investments | $ | 7,290 |  |  | $ | 7,127 |
Total VIE assets | 7,290 |  |  | 7,127 |
Accounts payable to the non-consolidated VIEs | 5,711 |  |  | 3,578 |
Maximum exposure to loss | $ | 13,001 |  |  | $ | 10,705 |

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- Definition The entire disclosure for a variable interest entity (VIE), including but not limited to, judgments and assumptions in determining whether to consolidate and in identifying the primary beneficiary, gain (loss) recognized on the initial consolidation of the VIE, terms of arrangements, amounts and classification of the VIE's assets and liabilities, and the entity's maximum exposure to loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//810/tableOfContent + Details
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- References No definition available. + Details
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