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Equity (Tables)
 9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
Equity
The changes in the equity components for the nine months ended September 30, 2015 were as follows:
 
 
The Timken Company Shareholders
 
  
Total
Stated
Capital
Other
Paid-In
Capital
Earnings
Invested
in the
Business
Accumulated
Other
Comprehensive
(Loss)
Treasury
Stock
Non-
controlling
Interest
Balance at December 31, 2014
$
1,589.1

$
53.1

$
899.4

$
1,615.4

$
(482.5
)
$
(509.2
)
$
12.9

Net (loss) income
(32.6
)
 
 
(35.1
)
 
 
2.5

Foreign currency translation adjustment
(52.1
)
 
 
 
(50.5
)
 
(1.6
)
Pension and postretirement liability
adjustment (net of the income tax
benefit of $68.5 million)
120.5

 
 
 
120.5

 
 
Change in fair value of derivative financial instruments, net of reclassifications
0.9

 
 
 
0.9

 
 
Dissolution of joint venture
(0.2
)
 
 
 
 
 
(0.2
)
Investment in joint venture by noncontrolling interest party
3.7

 
 
 
 
 
3.7

Dividends – $0.77 per share
(65.7
)
 
 
(65.7
)
 
 
 
Excess tax benefit from stock compensation
1.5

 
1.5

 
 
 
 
Stock-based compensation expense
14.1

 
14.1

 
 
 
 
Stock purchased at fair market value
(227.9
)
 
 
 
 
(227.9
)
 
Stock option exercise activity
4.0

 
(7.4
)
 
 
11.4

 
Restricted shares (issued) surrendered
0.2

 
(6.6
)
 
 
6.8

 
Shares surrendered for taxes
(3.9
)
 
 
 
 
(3.9
)
 
Balance at September 30, 2015
$
1,351.6

$
53.1

$
901.0

$
1,514.6

$
(411.6
)
$
(722.8
)
$
17.3