XML 77 R64.htm IDEA: XBRL DOCUMENT v3.5.0.2
Retirement Benefit Plans (Details)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2016
USD ($)
Dec. 31, 2015
Jun. 30, 2015
USD ($)
Mar. 31, 2015
USD ($)
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
Dec. 31, 2014
USD ($)
Defined Benefit Plan Disclosure [Line Items]              
Pension Settlement Charges $ 0.4   $ 4.4   $ 1.6 $ 219.6  
Pension obligations transferred       $ 575.0      
Defined Benefit Plan, Assets Transferred to (from) Plan       $ 635.0      
Lump Sum Distributions Paid           19.0  
Components of net periodic benefit cost:              
Service cost 3.6   4.5   7.3 9.0  
Interest cost 9.4   14.4   18.9 30.4  
Expected return on plan assets (10.1)   (19.7)   (20.3) (41.8)  
Amortization of prior service cost 0.4   0.5   0.8 1.4  
Amortization of net actuarial loss 4.4   8.0   8.9 19.0  
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments 0.4   3.9   0.4 217.5  
Net periodic benefit cost 8.1   11.6   16.0 235.5  
Professional Fees           2.1  
The Timken Company Pension Plan [Member]              
Defined Benefit Plan Disclosure [Line Items]              
Number of U.S. Timken retirees   3,400          
Other Postretirement Benefit Plan [Member]              
Components of net periodic benefit cost:              
Service cost 0.1   0.1   0.2   $ 0.2
Interest cost 2.8   2.7   5.5   5.4
Expected return on plan assets (1.7)   (1.7)   (3.3)   (3.5)
Amortization of prior service cost 0.3   0.2   0.5   $ 0.4
Net periodic benefit cost 1.5   1.3   2.9 2.5  
Pension Plan, Defined Benefit [Member]              
Components of net periodic benefit cost:              
Service cost 3.3   3.8   6.6 7.6  
Interest cost 6.6   11.3   13.3 24.2  
Expected return on plan assets (7.4)   (15.6)   (14.9) (33.4)  
Amortization of prior service cost 0.4   0.5   0.8 1.4  
Amortization of net actuarial loss 3.6   6.7   7.3 16.3  
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments 0.0   2.8   0.0 216.4  
Net periodic benefit cost 6.5   9.5   13.1 232.5  
Foreign Pension Plan, Defined Benefit [Member]              
Components of net periodic benefit cost:              
Service cost 0.3   0.7   0.7 1.4  
Interest cost 2.8   3.1   5.6 6.2  
Expected return on plan assets (2.7)   (4.1)   (5.4) (8.4)  
Amortization of prior service cost 0.0   0.0   0.0 0.0  
Amortization of net actuarial loss 0.8   1.3   1.6 2.7  
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments 0.4   1.1   0.4 1.1  
Net periodic benefit cost $ 1.6   $ 2.1   $ 2.9 $ 3.0  
Timken-Latrobe-MPB-Torrington Retirement Plan [Member]              
Defined Benefit Plan Disclosure [Line Items]              
Number of U.S. Timken retirees       5,000