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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net sales $ 707.4 $ 788.0 $ 2,157.9 $ 2,314.0
Cost of products sold 512.0 562.5 1,554.9 1,636.8
Gross Profit 195.4 225.5 603.0 677.2
Selling, general and administrative expenses 120.7 132.2 375.3 410.8
Impairment and restructuring charges 4.4 99.4 12.0 108.0
Pension Settlement Charges 3.6 0.0 223.2 0.7
Operating Income 66.7 (6.1) (7.5) 157.7
Interest expense (8.6) (9.1) (25.0) (20.4)
Investment Income, Interest 0.6 1.0 2.0 3.1
Gains (Losses) on Sales of Other Real Estate 0.0 0.0 0.0 22.6
Other income (expense), net (0.8) 1.8 (1.1) (1.9)
Income From Continuing Operations Before Income Taxes 57.9 (12.4) (31.6) 161.1
Provision for income taxes (6.6) (2.2) 1.0 53.4
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest 64.5 (10.2) (32.6) 107.7
Income from Discontinued Operations, Net of Tax, Attributable to Parent 0.0 (11.0) 0.0 18.7
Net Income 64.5 (21.2) (32.6) 126.4
Net income attributable to noncontrolling interest 1.1 0.7 2.5 2.1
Net (loss) Income attributable to The Timken Company 63.4 (21.9) (35.1) 124.3
Income (Loss) from Continuing Operations Attributable to Parent $ 63.4 $ (10.9) $ (35.1) $ 105.6
Net Income per Common Share attributable to The Timken Company Common Shareholders        
Income (Loss) from Continuing Operations, Per Basic Share $ 0.76 $ (0.12) $ (0.41) $ 1.16
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share 0.00 (0.12) 0.00 0.21
Basic earnings per share 0.76 (0.24) (0.41) 1.37
Income (Loss) from Continuing Operations, Per Diluted Share 0.75 (0.12) (0.41) 1.15
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share 0.00 (0.12) 0.00 0.20
Diluted earnings per share 0.75 (0.24) (0.41) 1.35
Common Stock, Dividends, Per Share, Declared $ 0.26 $ 0.25 $ 0.77 $ 0.75