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Equity (Tables)
 3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
Equity
The changes in the equity components for the three months ended March 31, 2016 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, 2015
$
1,344.6

$
53.1

$
905.1

$
1,457.6

$
(287.0
)
$
(804.3
)
$
20.1

Net income (loss)
62.9

 
 
63.0

 
 
(0.1
)
Foreign currency translation adjustment
14.8

 
 
 
13.7

 
1.1

Pension and postretirement liability
adjustment (net of the income tax
benefit of $1.5 million)
3.7

 
 
 
3.7

 
 
Change in fair value of derivative financial instruments, net of reclassifications
(2.3
)
 
 
 
(2.3
)
 
 
Investment in joint venture by noncontrolling interest party
4.8

 
 
 
 
 
4.8

Dividends – $0.26 per share
(20.7
)
 
 
(20.7
)
 
 
 
Excess tax shortfall from stock compensation
(0.8
)
 
(0.8
)
 
 
 
 
Stock-based compensation expense
4.6

 
4.6

 
 
 
 
Stock purchased at fair market value
(35.0
)
 
 
 
 
(35.0
)
 
Stock option exercise activity
0.4

 
(0.4
)
 
 
0.8

 
Restricted shares (issued) surrendered
0.1

 
(6.9
)
 
 
7.0

 
Shares surrendered for taxes
(1.5
)
 
 
 
 
(1.5
)
 
Balance at March 31, 2016
$
1,375.6

$
53.1

$
901.6

$
1,499.9

$
(271.9
)
$
(833.0
)
$
25.9