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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Activities      
Net (loss) income attributable to The Timken Company $ (70.8) $ 170.8 $ 262.7
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent 0.0 (24.0) (87.5)
Net income attributable to noncontrolling interest 2.8 2.5 0.3
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 130.8 137.0 142.4
Impairment charges 3.3 98.9 0.1
Loss (gain) on sale of assets 11.8 (20.2) (1.1)
Gain (Loss) on Disposition of Business (28.7) 0.0 0.0
Deferred income tax benefit (170.1) (53.3) (33.0)
Stock-based compensation expense 18.4 21.8 16.3
Excess tax benefit related to stock-based compensation, Operating Activities (1.5) (7.1) (10.9)
Pension and other postretirement expense 502.9 62.0 55.1
Pension and other postretirement benefit contributions (29.8) (49.9) (93.4)
Changes in operating assets and liabilities:      
Accounts receivable 11.9 (48.3) (4.6)
Inventories 52.8 (26.8) 34.6
Accounts payable, trade 11.6 8.0 0.9
Other accrued expenses (51.5) 2.2 (39.6)
Income taxes (40.4) (15.3) 67.5
Other, net 21.3 23.2 (17.0)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations 374.8 281.5 292.8
Cash Provided by (Used in) Operating Activities, Discontinued Operations 0.0 25.5 137.2
Net Cash Provided by Operating Activities 374.8 307.0 430.0
Investing Activities      
Capital expenditures (105.6) (126.8) (133.6)
Acquisitions, net of cash acquired of $0.1 million in 2015 and $0.4 million in 2013 (213.3) (21.7) (64.2)
Proceeds from disposals of property, plant and equipment 9.8 18.5 7.1
Proceeds from Divestiture of Businesses, Net of Cash Divested 46.2 7.4 0.0
Increase (Decrease) in Marketable Securities, Restricted (1.8) 4.9 5.5
Other (0.5) 0.0 1.1
Net Cash Provided by (Used in) Investing Activities, Continuing Operations (265.2) (117.7) (184.1)
Cash Provided by (Used in) Investing Activities, Discontinued Operations 0.0 (77.0) (191.9)
Net Cash Used by Investing Activities (265.2) (194.7) (376.0)
Financing Activities      
Cash dividends paid to shareholders (87.0) (90.3) (87.5)
Purchase of treasury shares (309.7) (270.9) (189.2)
Proceeds from exercise of stock options 4.1 16.8 13.1
Excess tax benefits related to stock-based compensation, Financing Activities 1.5 7.1 10.9
Proceeds from issuance of long-term debt 265.7 346.2 1.9
Deferred financing costs (2.0) (3.2) 0.0
Proceeds from Accounts Receivable Securitization 116.0 90.0 0.0
Repayments of Accounts Receivable Securitization (67.0) (90.0) 0.0
Payments on long-term debt (190.6) (250.7) (9.9)
Short-term debt activity, net 6.0 (9.8) 4.8
Increase (Decrease) in Restricted Cash 14.8 0.0 0.0
Cash Transferred to TimkenSteel 0.0 (46.5) 0.0
Other 6.6 (0.9) 6.6
Net Cash Provided by (Used in) Financing Activities, Continuing Operations (241.6) (302.2) (249.3)
Cash Provided by (Used in) Financing Activities, Discontinued Operations 0.0 100.0 0.0
Net Cash Used by Financing Activities (241.6) (202.2) (249.3)
Effect of exchange rate changes on cash (17.2) (15.9) (6.5)
Decrease In Cash and Cash Equivalents (149.2) (105.8) (201.8)
Cash and cash equivalents at beginning of year 278.8 384.6 586.4
Cash and Cash Equivalents at End of Year $ 129.6 $ 278.8 $ 384.6