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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating Activities    
Net (loss) income attributable to The Timken Company $ (35.1) $ 124.3
Income from Discontinued Operations, Net of Tax, Attributable to Parent 0.0 (18.7)
Net income attributable to noncontrolling interest 2.5 2.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 97.8 103.4
Impairment charges 3.3 98.8
Loss on sale of assets 2.1 (20.9)
Deferred income tax provision (81.1) (16.6)
Stock-based compensation expense 14.1 18.5
Excess Tax Benefit from Share-based Compensation, Operating Activities (1.5) (6.4)
Pension and other postretirement expense 251.5 22.5
Pension contributions and other postretirement benefit payments (23.5) (47.6)
Changes in operating assets and liabilities:    
Accounts receivable (1.9) (52.6)
Inventories 7.1 (52.1)
Accounts payable, trade 27.0 47.3
Other accrued expenses (56.0) (7.4)
Income taxes 23.5 (31.0)
Other, net 16.5 9.2
Net Cash Provided by (Used in) Operating Activities, Continuing Operations 246.3 172.8
Cash Provided by (Used in) Operating Activities, Discontinued Operations 0.0 22.6
Net Cash Provided by Operating Activities 246.3 195.4
Investing Activities    
Capital expenditures (65.1) (87.1)
Acquisitions, net of cash received (213.6) (12.0)
Proceeds from disposals of property, plant and equipment 11.0 15.1
Increase (Decrease) in Marketable Securities, Restricted (0.6) 3.9
Other (0.5) 0.0
Net Cash Used in Investing Activities, Continuing Operations (268.8) (80.1)
Cash Used in Investing Activities, Discontinued Operations 0.0 (77.0)
Net Cash Used by Investing Activities (268.8) (157.1)
Financing Activities    
Cash dividends paid to shareholders (65.7) (68.2)
Purchase of treasury shares (227.9) (266.5)
Net proceeds from common share activity 4.0 16.7
Excess Tax Benefit from Share-based Compensation, Financing Activities 1.5 6.4
Proceeds from Issuance of Long-term Debt 225.7 346.2
Payments of Financing Costs (2.0) 0.0
Proceeds from Accounts Receivable Securitization 116.0 90.0
Payments to Acquire Retained Interest in Securitized Receivables (38.0) (90.0)
Payments on long-term debt (106.1) (250.6)
Short-term debt activity, net (1.6) (9.5)
Increase (Decrease) in Restricted Cash 0.2 0.0
Cash Transferred to TimkenSteel 0.0 (46.5)
Proceeds from (Payments for) Other Financing Activities 3.7 (3.1)
Net Cash Provided by (Used in) Financing Activities, Continuing Operations (90.2) (275.1)
Cash Provided by (Used in) Financing Activities, Discontinued Operations 0.0 100.0
Net Cash Used by Financing Activities (90.2) (175.1)
Effect of exchange rate changes on cash (11.1) (9.6)
(Decrease) increase In Cash and Cash Equivalents (123.8) (146.4)
Cash and cash equivalents beginning of period 278.8 384.6
Cash and cash equivalents end of period $ 155.0 $ 238.2