XML 15 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net sales $ 673.6 $ 728.0 $ 1,357.6 $ 1,450.5
Cost of products sold 491.3 522.9 994.4 1,042.9
Gross Profit 182.3 205.1 363.2 407.6
Selling, general and administrative expenses 110.2 126.1 228.5 254.6
Impairment and restructuring charges 2.9 1.4 13.4 7.6
Gain (Loss) on Disposition of Business 0.0 0.3 0.0 0.3
Pension Settlement Charges 0.4 4.4 1.6 219.6
Operating Income (Loss) 68.8 72.9 119.7 (74.5)
Interest expense (8.7) (8.4) (17.1) (16.4)
Investment Income, Interest 0.4 0.7 0.7 1.4
Continued Dumping & Subsidy Offset Act (CDSOA) receipts, net of expense 6.1 0.0 53.8 0.0
Other (expense) income, net (1.7) 1.4 (1.7) 0.0
Income (Loss) Before Income Taxes 64.9 66.6 155.4 (89.5)
Provision (benefit) for income taxes 20.0 28.9 47.6 7.6
Net Income 44.9 37.7 107.8 (97.1)
Net (loss) income attributable to noncontrolling interest 0.0 1.0 (0.1) 1.4
Net Income (loss) attributable to The Timken Company $ 44.9 $ 36.7 $ 107.9 $ (98.5)
Net Income per Common Share attributable to The Timken Company Common Shareholders        
Basic earnings per share $ 0.57 $ 0.43 $ 1.36 $ (1.14)
Diluted earnings per share 0.57 0.43 1.35 (1.14)
Common Stock, Dividends, Per Share, Declared $ 0.26 $ 260,000.00 $ 0.52 $ 0.51