EMPLOYEE BENEFIT PLANS

9 Months Ended

Sep. 30, 2025

We have three frozen defined benefit pension plans covering certain employees or former employees of three U.S. subsidiaries. We also have pension plans covering certain employees of several foreign subsidiaries. We also sponsor a number of defined contribution plans in the U.S. and at foreign subsidiaries. We contributed approximately $0.8 million to the pension plans during the nine months ended September 30, 2025 and expects to contribute $0.1 million to these pension plans during the remainder of 2025.

The components of net periodic pension cost consisted of the following for the periods set forth below (amounts in thousands):


	Three months ended				Nine months ended
	September 30,				September 30,
	2025		2024		2025		2024
Service cost	$	139	$	89	$	429	$	455
Interest cost	941		917		2,822		2,820
Expected return on assets	(1,358)		(1,299)		(4,072)		(3,901)
Amortization of unrecognized prior service cost	(16)		(14)		(45)		(44)
Amortization of net unrecognized loss	17		68		49		204
Net periodic pension benefit	$	(277)	$	(239)	$	(817)	$	(466)

Service cost is recorded as cost of sales in the condensed consolidated statements of operations while all other components are recorded in other income.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480794/715-70-50-1

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+ Details

TITAN INTERNATIONAL INC 10-Q